It doesn't change the fact that employees are still overpaid. Their new models have to be very good, or else they'll fall back to the competitive disadvantage. |
Looking at profits, the quarterly result was very disappointing but high restructuring costs were booked, which weighed on earnings. What is gratifying is that order inflow is well above expectations. |
Merck has been hopelessly disappointing. The profit development is significantly below forecasts despite higher sales. |
The figures were a positive surprise. One should not forget, however, that Mercedes Car Group has suffered a sharp decline in European new car registrations (in January) in comparison to its main rivals BMW and Audi. |
The job cuts were well priced in. What was not in the price was the results, because the fourth-quarter result was driven by the top line as opposed to anything else. |
The price looks quite high. |
What is gratifying is that order inflow is well above expectations. Looking at profits, the quarterly result was very disappointing but high restructuring costs were booked, which weighed on earnings. |
With no major earnings news scheduled and losses in Tokyo, the (U.S.) market is lacking support for further gains. |