German healthcare group Fresenius cut its 2020 profit and revenue targets on Thursday as the COVID-19 pandemic hit elective procedures and delayed product launches, outweighing a strong performance in dialysis.
Swiss industrial group Sulzer expects sales to recover in the second half of the year and the company to return to pre-pandemic profitability in 2021, it said on Friday.
July 9 Covestro's preliminary
second-quarter net loss and earnings before taxes have come in
above the market's consensus expectations due to higher demand
for its products in June, the German chemicals group said on
July 6 Sonova, the world's biggest
hearing aid maker, said on Monday it would close some stores and
cut jobs as it expects its first-half results to only partially
recover from the effects from the COVID-19 pandemic.
Linde is targeting growth opportunities in the semiconductor and healthcare sectors, the industrial gas producer said as it reported slightly better than expected quarterly earnings, citing its balanced contract portfolio.
Healthcare group Fresenius beat first-quarter net income expectations on Wednesday, citing a U.S. and European spike in demand for drugs and devices for COVID-19 patients and government help with costs incurred by health providers.
German chemicals maker Covestro believes it can weather the coronavirus crisis thanks to its balanced customer base, geographical mix and strong balance sheet, the company said on Wednesday.
PARIS Franco-Italian chipmaker STMicroelectronics said on Wednesday it expected second-half sales to grow compared to the first half, betting on initial signs of a recovery in demand in Asia as efforts to contain the coronavirus start working.
German meal-kit delivery firm HelloFresh on Tuesday forecast growth in 2020 revenues and core profit and confirmed better-than-expected 2019 results, benefiting from strength in the United States and other international markets.