FRANKFURT, March 1 (Reuters) – German business software company Software AG <SOWG.DE> aims to keep its 2009 dividend stable compared with 2008, when it paid out 1.10 euros ($1.50) a share, its chief executive told Reuters in an interview.
“We assume that we will pay a dividend (for 2009) and we also assume that the dividend will remain stable,” Karl-Heinz Streibich said.
FRANKFURT, Feb 23 (Reuters) – Q-Cells <QCEG.DE>, the world’s
fourth-biggest maker of solar cells, echoed competitors in
warning on Tuesday of an uncertain year ahead as countries cut
financial support for solar power and low-cost producers
While Q-Cells is sold out for the first half of the year it
sees “unclear pricing dynamics” from July onwards, it said,
adding that it could only say of 2010 that it aims to be
profitable as prices remain so unpredictable.
FRANKFURT (Reuters) – The European Central Bank and the European Commission will join forces to monitor Greece and to draw up “necessary additional measures” to maintain stability in the euro zone, the ECB said on Friday.
Greece has been pounded by financial markets after revealing its 2009 budget deficit was 12.7 percent of the gross domestic product, more than four times the EU ceiling of 3 percent and three times initial estimates.
PARIS, Feb 10 (Reuters) – Air France-KLM <AIRF.PA> shares
plummeted over 10 percent on Thursday to their lowest in nearly
three months after the Franco-Dutch flag carrier’s warning of
heavy losses this quarter, blunting hopes of a sector recovery.
In a statement issued after the Paris market closed on
Wednesday, the airline said it expected another 500 million
euros ($689.6 million) or so of operating losses between January
and March, on top of worse than expected 245 million loss in the
third quarter. [ID:nLDE6192G9]
FRANKFURT (Reuters) – SAP <SAPG.DE> surprised markets with news Chief Executive Leo Apotheker had resigned and two board members — Bill McDermott and Jim Hagemann Snabe — were taking over as co-CEOs.
Some analysts see the new leadership team as well qualified, but others believe the abrupt change at the helm could slow down the world’s largest business software firm’s decision-making and reduce its focus on performance.
FRANKFURT (Reuters) – Europe’s solar industry should prepare to defend its lucrative market in Germany without becoming protectionist as incentive cuts loom there, the head of the world’s largest photovoltaic industry association said.
Feed-in tariffs –the prices utilities have to pay generators of renewable energy — are reduced annually in Germany. However, the government said last month it would make additional one-off cuts in April and July, arguing the sector was still overly subsidized.
FRANKFURT (Reuters) – German solar company Phoenix Solar will strive to pay a dividend even though painful cuts in solar incentives are looming in Germany, the company’s chief executive told Reuters.
“We should not punish our shareholders for undesirable political developments,” Andreas Haenel said in an interview late on Tuesday.
FRANKFURT (Reuters) – SolarWorld said it will focus on organic growth rather than on takeovers, as Germany’s biggest solar company by sales braces for a slide in prices for solar components.
“Our main priority is organic growth and takeovers are not on top of our agenda,” Chief Financial Officer Philipp Koecke said in an interview on Tuesday. SolarWorld last year unveiled a strategy to expand its solar module capacities at a time when many players in the industry are still grappling with free-falling prices for solar components and tight financing conditions.
FRANKFURT (Reuters) – German bioethanol producer CropEnergies sees operating profit rising substantially in the coming fiscal year, the company’s chief financial officer told Reuters on Tuesday.
“We expect a significantly better operating result in 2010/11 and we will be well above the 18.2 million euros ($25.32 million) we had in 2008/09,” Joachim Lutz said in an interview.
FRANKFURT, Jan 29 (Reuters) – BMW <BMWG.DE>, the world’s
biggest premium automaker, forecast a modest rise in car sales
this year and confirmed it expected a 2009 pretax profit despite
the global economic crisis.
“We fully intend to remain the world’s leading provider of
premium vehicles in 2010 and plan to increase sales within the
single-digit percentage range to over 1.3 million units,” Chief
Executive Norbert Reithofer said in a statement on Friday.