Group order intake(1) in the quarter was #$%$ 21 billion (Q1 2014: #$%$ 21 billion), with the order book(1) value rising to #$%$ 955 billion as of 31 March 2015 (year-end 2014: #$%$ 858 billion) taking into account a positive revaluation linked to the strengthening of the US dollar. Airbus received 101 net commercial aircraft orders in the quarter (Q1 2014: 103 net orders), including 34 A330 Family aircraft. Airbus Helicopters received 86 net orders (Q1 2014: 78 units), including 49 H145s and 19 H175s, while in April the H225M Caracal was preselected by Poland for the test phase of its multi-role military helicopter tender. Order intake by value at Airbus Defence and Space rose 16 percent, with good momentum seen for military aircraft including seven light and medium transport aircraft.
Sentiment: Strong Buy
Statement by Jürgen Fitschen and Anshu Jain on 1Q2015 results
In the first quarter 2015, revenues were close to record levels, reflecting the strength of our franchise across all our core businesses. Profits were impacted by litigation expenses of EUR 1.5 billion, primarily reflecting the bank’s definitive settlement with US and UK authorities relating to interbank offered rates (IBOR) and bank levy charges of EUR 561 million.
Core Bank adjusted IBIT of EUR 3.5 billion was the best since we launched Strategy 2015+ in 2012, reflecting both revenue strength and discipline in our adjusted cost base. In CB&S, Debt Sales & Trading revenues were the best since eight quarters and Equity Sales & Trading revenues the best since 2008, driven by strong client activity, robust markets and a normalization of market volatility after recent historic lows. Both PBC and GTB overcame the challenge of persistent low interest rates to achieve near record quarterly profits. Deutsche AWM grew revenues significantly, increased pre-tax profits by 75 % year-on-year, and attracted EUR 17 billion of net new money inflows.
bought some kilo:
Targets: Target Dist to Date
Independent Research GmbH 17,00#$%$ 26,34% 14.04.15
Morgan Stanley 14,80#$%$ 9,99% 01.04.15
Citigroup Corp. 15,40#$%$ 14,45% 31.03.15
LITASKO oil trader as a wholly-owned sub of LUKOIL and Burando Maritime Services sea servicing company signed agreement on the sale of 100% in Rotterdam terminal to iCON Infrastructure Partners II, the company informed.
The value of the deal is undisclosed.The terminal is a modern special terminal located in Rotterdam. It includes two groups of fuel reservoirs of 242ths m3 in capacity. The project management is provided by JV founded by LITASKO and Burando Maritime Services at par.Still LITASKO remains a major consumer of the terminal in line with the long term exclusive contract.
The 2014 net profit moved up 1.8 fold (RAS) to reach 371.881bn rub. from 202.044bn rub.; revenues from sales being down 4% to 230.739bn rub. from 240.982bn rub.; gross profit coming to 218.495bn rub. vs. 226.195bn rub.
The 2014-net profit (US GAAP) declined 38% to $4.746bn from $7.627bn prior year; revenues from sales moved up 1.9% to $144.167bn from $68.823 prior year; pretax profit dropped 15.2% to $5.275bn from $6.217bn
• Alcatel-Lucent (NYSE:ALU) has landed a 4G infrastructure deal with China Telecom that will make it one of the carrier's three largest 4G suppliers, along with Huawei and Nokia. The deal comes a month after China Telecom (along with China Unicom) was granted a license to build a 4G network using the FDD LTE air interface, which is far more popular overseas than the TDD LTE interface initially used by bigger rival China Mobile.
• ALU's equipment will be used to deploy 4G in 40 cities, including Shanghai. China Telecom (NYSE:CHA) had 187.6M mobile subscribers as of February, and has set a 2015 capex budget of $10.15B, up sharply from 2014's $4.77B; most of the spending will be directed towards 4G.
• Separately, ALU has unveiled an optical networking hardware/software solution (dubbed wavelength routing) that will allow connections to be adjusted without electrical switching (thus lowering equipment and power needs), eliminate the need for on-site visits to adjust connections, and quickly detect and route around network faults.
• Verizon plans to deploy ALU's solution on its North American ultra-long haul network. Rival Infinera has also been investing in products that enable a greater amount of network flexibility at the optical level, and in doing so usurping features traditionally handled by routers.
• Two years ago: Alcatel-Lucent, Nokia, Ericsson win China Mobile 4G contracts
The US bank Citigroup raised its price target on German Bank from 34 to 39 euros and the classification to "Buy". With its restructuring, the German bank offer long-term upside potential, wrote analyst analyst Kinner Lakhani in a study on Thursday. His price target expected to climb due to lower capital costs and also higher assumptions for investment banking, private and business banking and asset management. / Tav / ag AFA0063 2015-03-26 / 13: 09
With the world's fifth largest tire manufacturer Pirelli moves another Italian tradition company in the hands of the Chinese. More companies could follow.
The state-owned chemical company ChemChina bought the Milanese company for a total of 7.1 billion euros. According to the Sunday evening ChemChina has 15 euros per share, associated with the assumption of debt amounting to nearly one billion euros. ChemCorp secures with over 140 years old company access to profitable premium tire market. Pirelli is among other equipment F1.
Finally, the Italian catering Terna and Snam, the turbine manufacturer Ansaldo and the luxury yacht Ferretti provider had already been swallowed up by Chinese companies. Companies from the Far East to use the weak euro at a time when there are early signs that the European economy has bottomed out.......(transl google)
Much more exciting for the German bank's shares remain loud Küfner the strategy that will decided. The favored option is probably the sale of Postbank. In the current market environment, it would make sense in the opinion of experts share, bringing the Postbank IPO and then maybe incorporate a large part of the total retail banking business with. It remains interesting in any case, fantasy is certainly there.
The chart of the German Bank shares finally see good again. The assessment was already very low compared to the industry.
Therefore advises Thorsten Küfner speculative investors are still to buy the German bank's shares, the editor of the investor magazine "Shareholders" in an interview with the German investor television. (Analysis of 24/03/2015)
FRANKFURT (AFX Broker) - The German bank has raised its price target for Airbus in numbers from 58 to 71 euros per share and the classification to "Buy". The balance of the aerospace and defense company for 2014 had failed surprisingly good, analyst Benjamin Fidler wrote in a study presented on Monday. He was impressed by the development of operations and of the much better than expected free cash flow (free cash flow) ./ positive fat / tav
The LUKOIL Board of Directors held a meeting in Moscow today to summarize the preliminary results of the company performance in 2014 and set priorities for 2015 and the near term.
In 2014, as a result of prospecting, 14 fields were discovered, while 38 oil deposits were identified in the exploration areas and producing fields. In 2014, the company obtained 18 new licenses for subsoil use.
The estimated oil production increased by 7% and totaled 97.2 million tons, including 86.3 million tons in Russia and 10.9 million tons overseas. The increase in overseas oil production is attributable to the commissioning of West Qurna-2 oil field in Iraq.
The 2014 volume of retail sales of petroleum and gas products totaled 15.2 million tons. In Russia, the volume of retail sales of fuel increased by 6% and totaled 9.7 million tons. The utilization coefficient of associated (petroleum) gas in the RF came to 89.9% in 2014, which is 2.2 percentage points higher than in 2013.
According to the preliminary estimates, the total sum of tax and customs payments to the consolidated budget of the Russian Federation in 2014 will total RUB 1.2 trillion, an increase of 7.9% over 2013, mainly due to the increase in the income tax, mineral-extraction tax and petroleum-product excise-tax payments