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Fresenius Medical beats earnings expectations, keeps outlook; shares sink

Fresenius Medical beats earnings expectations, keeps outlook; shares sink
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Fresenius Medical beats earnings expectations, keeps outlook; shares sink

By Bartosz Dabrowski (Reuters) - Fresenius Medical Care beat first-quarter operating earnings expectations on Tuesday amid higher pricing and cost-cut savings, but the German company still maintained its profit outlook for 2024, sending its shares .

Covestro beats first-quarter core profit expectations

German chemicals maker Covestro on Tuesday beat first-quarter core profit expectations, citing reductions in raw materials and energy costs that helped partially offset a decline in sales prices. .

Symrise posts quarterly sales above expectations

German flavour and fragrance maker Symrise beat first-quarter sales estimates on Thursday, citing higher demand driven by its scent and care unit. Its January-March revenue rose 5% in.

Activist investor Sachem Head buys 3 6% stake in Delivery hero, source says

Activist investor Sachem Head has built a 3.6% stake in Delivery Hero and seeks a seat on the supervisory board of the German food delivery company, a source familiar with the matter told Reuters on.

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