GEA with higher order intake
Technology group reports strong financial year 2024 Gea recently announced that it can look back on a strong financial year. In its press release, the technology group, which specialises in machinery and plant engineering, also gave a positive outlook for 2025. According to its own statements, GEA had already raised its forecast for the EBITDA margin before restructuring expenses twice in 2024. Previously, the company had achieved the financial targets set for 2026 […]
Continental pushes ahead with reorganisation
Result improvement 2024 achieved Continental reported its business figures for 2024 at the beginning of last week. The automotive supplier writes in its press release that it has further improved its results and achieved its corporate goals. The focused implementation of the value creation-oriented strategy is showing its effect, the company emphasises. In the group's view, this is happening against the backdrop of a weak […]
Evonik increases profitability
Restructuring and savings measures are showing results. Evonik recently reported a significant increase in profits in 2024. Specifically, according to its press release, the Essen-based specialty chemicals provider was able to increase adjusted EBITDA – meaning earnings before interest, taxes, depreciation, and amortisation – by 25 per cent to around 2.1 billion euros. This put the 2024 EBITDA within the targeted range of [...]
Mahle: New cooling module for megawatt charging stations
Expansion of smart charging solutions offering Automotive supplier Mahle has received a series order for a new cooling module in the megawatt charging sector. As Mahle explains, the cooling module will be installed in fast-charging stations for electric commercial vehicles. The module can also be used in fast-charging systems for cars and light commercial vehicles, in maritime applications or for rail vehicles. The name of the customer [...]
Zalando: Progress on ecosystem strategy
E-commerce provider expects accelerated growth. Following a successful financial year 2024, Zalando anticipates accelerated growth for 2025. According to the Berlin-based retail group, this is driven by the implementation of an ecosystem strategy in the Business-to-Consumer (B2C) and Business-to-Business (B2B) areas. The company's goal, as stated in a recent press release, is to become the leading e-commerce ecosystem for fashion and lifestyle in Europe […]
Baywa: Change of boss
New CEO and new CFO at Munich-based agricultural services provider At Baywa AG, Frank Hiller was recently appointed CEO. The supervisory board of the agricultural services provider has also selected a new CFO. This role is now held by Matthias J. Rapp. Both managers took up their respective new positions on March 1st. The greatest transformation in the company's history. On the change [...]
Manz sells Slovakian subsidiary
Greatech Technology Berhad takes over Manz Slovakia. Manz AG is selling its subsidiary in Slovakia. For this purpose, the Reutlingen-based engineering company concluded a purchase agreement with Greatech Technology Berhad (Malaysia) on 28 February for the acquisition of shares in Manz Slovakia s.r.o. Manz AG announced this last Friday afternoon via a press release. […]
Confidence at Miele
Investments in Germany Miele is on a solid growth trajectory and confident for the 2025 financial year. This is according to a recent press release published by the Gütersloh-based household appliance manufacturer. The traditional company reported that it increased its turnover in the 2024 financial year by 1.7 percent compared to the previous year, reaching 5.04 billion euros. In its press release, Miele announces […]
Transformation at Mercedes-Benz
Measures to boost performance at the Stuttgart-based car manufacturer. Mercedes-Benz Group AG recently unveiled a major product and technology offensive. The Stuttgart-based car manufacturer also presented various measures to boost performance. Ola Källenius, Chairman of the Board of Management of Mercedes-Benz Group AG, explained: „Mercedes-Benz is an iconic brand. Our responsibility is to unlock its full potential. To achieve this, we are launching the biggest [...]
BP wants to become a more valuable company
Looking for a potential buyer for Ruhr Oel GmbH – BP Gelsenkirchen. BP continues to pursue a global strategy to become a simpler, more focused, and higher-value business. In this context, BP Europa intends to explore a potential sale of Ruhr Oel GmbH – BP Gelsenkirchen. In its press release, the company emphasizes that this plan [...]