Christoph Steitz
Chief Company News Correspondent, Germany at Reuters
Chief Company News Correspondent, Germany, Reuters. At the intersection of energy, industry and cars. (Comments are my own, not those of Thomson Reuters)
Articles
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1 day ago |
marketscreener.com | Alexander Hübner |Sabine Siebold |Christoph Steitz
By Alexander Hübner, Sabine Siebold and Christoph Steitz MUNICH/BERLIN/FRANKFURT (Reuters) -Franco-German defence firm KNDS has filed a lawsuit against Triton Partners in an attempt to force the private equity group to sell its shares in German tank gearbox maker Renk, sources familiar with the transaction told Reuters on Tuesday.
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1 week ago |
reuters.com | Christoph Steitz
The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023.
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1 week ago |
gurutrade.com | Christoph Steitz |Chizu Nomiyama
FRANKFURT, May 8 (Reuters) - Power equipment maker Siemens Energy on Thursday said it expects a hit of less than 100 million euros ($113 million) to profits in the remainder of its fiscal year, quantifying for the first time the impact of broad U.S. import tariffs. "For the second half of the fiscal year 2025, a limited direct impact on Siemens Energy's profit of up to a high double-digit million euro amount, after mitigation measures, is currently expected," the company said.
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1 week ago |
gurutrade.com | Christoph Steitz |Thomas Seythal
Q1 RCO of 235 mln eur, beats 207 mln poll Confirms 2025 outlook North America RCO down nearly two thirds FRANKFURT, May 8 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, on Thursday reported forecast-beating first-quarter sales and profits and confirmed its outlook, citing strong growth in Africa.
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1 week ago |
ca.marketscreener.com | Christoph Steitz |Tom Käckenhoff
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Power equipment maker Siemens Energy expects a limited hit to profits from U.S. tariffs, citing price increases for new orders as well as a drive to find more local suppliers for parts it needs in its single biggest market.
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A Reuters review of factory capacity utilisation data shows that @VWGroup is hardly an outlier and it may be in a better place than some of its major rivals when it comes to underused plants. Story by @v_waldersee and @nick_carey: https://t.co/zhzvZG2x0b
Ouch. "It puts the whole financial future of the company at risk," Wayne Griffiths, CEO @CUPRA said of planned European EV tariffs in his interview with @v_waldersee. @VWGroup https://t.co/GsBJzp95VS
RT @reuterssarah: Analysis: #German state elections that dealt a heavy blow to the parties in Chancellor Olaf #Scholz's government and hi…
