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'Inventory in the market is still high, so retailers are cautious in their orders.' Still, there are some initial bright spots. Adidas continues to see a lot of uncertainty for the rest of the year, Group CEO Bjorn Gulden said Thursday when presenting final figures. Nevertheless, the environment remains volatile. HERZOGEBAURACH - Sporting goods maker Adidas continues to struggle with high inventories, but sees a significant recovery. ROUNDUP: Adidas sees recovery in inventories - focus on Yeezy sales Due in part to continued high ticket prices, CEO Carsten Spohr expects full-year operating profit (adjusted EBIT) of at least 2.6 billion euros. The record second-quarter results announced Thursday are a harbinger of at least the third-highest annual profit in the company's history. ROUNDUP 2: Lufthansa reaches earlier profit sphere - ticket prices remain highįRANKFURT - Three years after its government bailout, the Lufthansa Group is flying again in earlier profit spheres. 'However, we remain confident that we can achieve our medium-term growth target of 25 billion euros in sales by 2025.' The Dax-listed stock rallied sharply, continuing its recent recovery. '2023 remains a transition year for us,' Group CEO Belen Garijo reiterated in Darmstadt, Germany, according to Thursday's statement. Management is now lowering its full-year targets, as headwinds from exchange rates are also increasing. As a result, the Darmstadt-based company had to cope with lower sales and earnings in the second quarter despite growth in drug sales. ROUNDUP 2/Laboratory and semiconductor businesses continue to weaken: Merck lowers outlookĭARMSTADT - Merck is still struggling with the decline in demand in its laboratory division after the Corona boom, and the semiconductor business also continues to weaken. The share, which is listed on the Dax, rose on Thursday. Beiersdorf intends to invest more money in growth in the second half of the year, so the earnings forecast remains unchanged despite a strong first half. Things are also not going well at the adhesives subsidiary Tesa, because electronics manufacturers in Asia have recently been buying less.

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In the past quarter, skin care made up for the weak performance in the luxury business - in Asia, the luxury brand La Prairie has severe problems. HAMBURG - Thanks to its well-performing skin care business with the Nivea and Eucerin brands, consumer goods group Beiersdorf is targeting more growth in 2023. ROUNDUP 2: Beiersdorf expects more sales growth in 2023 - more investments While it is still very early, she said, 'July was a better month for us than the second quarter.' The executive hopes for a better second half of the year. The current third quarter is showing positive trends, said CFO Sandra Dembeck at an analysts' conference on Thursday. The operating profit should develop a little better than previously expected. The group's management took this as an opportunity to specify its annual targets. ROUNDUP 2: Zalando more optimistic for fall - more profitable thanks to lower costsīERLIN - Despite sluggish business, online fashion retailer Zalando earned more operationally than expected in the past quarter thanks to strict cost control. By contrast, the company reported a mixed performance in the third quarter, but confirmed its forecast. Together with the expansion of the Villach and Dresden sites, Infineon is counting on the growing market for power semiconductors for the automotive industry, solar and energy storage, and hopes this will generate additional billions in revenue. Thus, the factory in Malaysia is to be expanded more than initially planned. NEUBIBERG (dpa-AFX) - The semiconductor group Infineon wants to expand its capacities strongly and takes more billions in hand for this. ROUNDUP 2: Infineon invests further billions in expansion - quarter weaker