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– Micronas continued to consolidate its position in the second quarter
– With sales growth of 4 percent and a CHF 5.3 million rise in EBIT compared with the previous quarter, Management expectations have been exceeded
– Automotive sales were up 5.7 percent, while Consumer sales remained at the previous quarter-s level
– The outflow of cash in operating areas was stopped in the first half year
– For 2010 as a whole, the Board of Directors and Management
The Management Board of 3U HOLDING AG has decided on the basis of the authorisation granted by the annual general meeting of August 28, 2009 to repurchase up to 10% of its own shares on the stock exchange during the period from July 19, 2010 until not later than February 27, 2011
The Company may at no time possess more than 10% of its own share capital. Currently the Company already holds some 6.93% of the share capital with its 3,244,714 own shares. Therefore the Management Board has d
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– Business performance better than expected
– BMW Group expects sales volumes in 2010 to rise by around 10% to over 1.4 million units
– Fullyear EBIT margin of over 5% expected for the Automobiles segment
– Financial Services segment aiming for earnings considerably above last yearreturn on equity of over 18% achievable in 2010
Improved business conditions on the international automobile markets mean that the BMW Group now expects to report much better
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– Total volume of ?750 million
– Proceeds to be used for early repayment of bank loans
– Term of five years, coupon of 8.5 percent
– Further improvement of debt maturity profile to be implemented
Within a few days, Continental has successfully placed a eurodenominated bond with an aggregate principal amount of ?750 million with qualified investors in Germany and abroad. With this, the company has completed a further step in improving its debt maturity p
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– Double-digit growth at BMW, MINI and Rolls-Royce again in June
– Rolls-Royce sells more cars than ever before
– Positive sales trend continues in Motorcycles segment
The BMW Group has ended the first half-year with substantial growth in sales. A total of 696,026 (prev. yr. 615,454) BMW, MINI and Rolls-Royce brand automobiles were delivered to customers worldwide in the first six months of the year – an increase of 13.1%. In June, sales volumes rose 12.2% to 1
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– Calculated saving up 18% compared to 2008
– Icheon, South Korea, and Rubí, Spain, provide the most profitable ideas in the worldwide category
– Most successful German location is Alzenau, Bavaria
Employees from 128 locations around the world of the international automotive supplier Continental helped boost efficiency and cost effectiveness with approximately 270,000 ideas that were implemented. These ideas achieved savings calculated at nearly ?100 mil
As previously announced, the Continental Corporation is launching a further component of its refinancing package. The international automotive supplier has mandated a bank consortium led by Citi and the Royal Bank of Scotland to offer and sell eurodenominated notes to qualified investors internationally. The bank consortium further includes Commerzbank, Deutsche Bank, ING, Landesbank Baden-Württemberg and UniCredit Bank. With an issue volume of at least EUR500 million, the benchmark bond p
