The most important thing about Infineon and Bayer in advance:
- Weakness in the auto industry has a negative impact on Infineon
- Bayer suffers from corona and ongoing litigation
The chip industry is one of those sectors that have so far come through the coronavirus pandemic quite lightly. The trend towards more digitalization helped. In contrast, the general weakness of the automotive industry had a negative impact on the German semiconductor giant Infineon – especially on the earnings side.
As the DAX® company announced, the operating result in the third quarter of the 2019/2020 financial year was 220 million euros. That was almost a third less than in the same period last year. The bottom line at Infineon was, according to the information, even red numbers in the books: The deficit amounted to 128 million euros after a profit of 224 million euros a year ago. Despite the negative effects of the corona crisis, the chip manufacturer showed an increase in sales for the past three months: According to the same period in the previous year, revenues improved by around eight percent to 2.17 billion euros. Both sales and operating profit were well above the average analyst estimates.
In the era of the corona virus pandemic, Bayer’s confidence in significant growth in 2020 is waning. The German agricultural chemicals and pharmaceuticals group is cautious about the current year. As reasons for the reluctance, the DAX® company cites not only the continuing uncertainty in connection with the Corona crisis, but also increased reserves for litigation and declines in the pharmaceuticals sector. However, sales in the agricultural sector increased.
For the year as a whole, Bayer is now aiming for an increase in revenues of zero to one percent before exchange rate effects and the purchase and sale of parts of the company. The target sales range is reported to be 43 to 44 billion euros. So far, the group had targeted 44 to 45 billion euros. According to the company, earnings before interest, taxes, depreciation and amortization (EBITDA) and before special items are expected to continue to be around 28 percent. Bayer therefore expects an operating profit of around EUR 12.1 billion. So far, the earnings outlook had been between EUR 12.3 billion and EUR 12.6 billion.
When purchasing certificates and leverage products, investors should familiarize themselves with how it works and be aware of the opportunities and risks. Investors should be particularly aware of the increased risks associated with leverage products. In addition, attention should be paid to the creditworthiness and thus the default risk of the issuer. Further important and useful information about our products can be obtained by calling 0800 4000 910 free of charge or on our website www.hsbc-zertifikate.de.
Click here for the HSBC homepage
This document was created by HSBC Trinkaus & Burkhardt AG (“HSBC”). It is for information purposes only and may not be passed on to third parties without the express written consent of HSBC. The document is a marketing tool. The legal requirements for impartiality of financial analyzes have not been met. There is no prohibition on trading the financial products discussed before the publication of this presentation (“front running”). The document also does not replace specialist investment advice tailored to individual requirements. A drawing offer is also not yet connected to this. The document is only intended for people who have their permanent place of residence in Germany or Austria. It is not intended for recipients in other jurisdictions, and especially not for U.S. citizens. Any information provided on historical performance (including simulations) and forecasts of future performance of the financial products / financial indices shown are not a reliable indicator of future performance. If the financial products discussed are quoted in a currency other than EUR, the return may rise or fall due to currency fluctuations. The tax treatment of an investment depends on the personal circumstances of the investor and may be subject to future changes. The information given in this document is based on sources that we believe to be reliable but have not been subjected to a neutral review. We accept no liability and assume no liability for the correctness and completeness of the information contained herein.
The basic prospectuses as well as the final terms and the basic information sheets are available here. By entering the respective WKN in the search field or via the “Products” tab, you will get to the single product view. There, under “Downloads”, the corresponding final conditions for the individual products, which contain the offer conditions applicable to the respective security including the relevant emission conditions, as well as the relevant basic information sheets, can be called up.
BaFin’s approval of the base prospectus should not be understood as its approval of the securities offered. We recommend that prospective and prospective investors read the base prospectus and final terms before making an investment decision in order to obtain as much information as possible, in particular about the potential risks and opportunities of the security.
You are about to purchase a product that is not easy and can be difficult to understand.
“DAX®”, “TecDAX®”, “MDAX®”, “VDAX-NEW®”, “SDAX®”, “DivDAX®”, “ÖkoDAX®”, “Entry Standard Index”, “X-DAX®” and “GEX®” are the intellectual property (including registered trademarks) of Deutsche Börse AG (“DBAG”), Deutsche Börse Group or its licensors and is used under a license. The securities are neither promoted nor advertised, distributed or supported in any other way by DBAG, Deutsche Börse Group or its licensors, research partners or data providers, and DBAG, Deutsche Börse Group and its licensors, research partners or data providers do not accept any liability and close any claims Liability (from negligent as well as from other behavior) in this regard generally from and in particular with regard to any errors, omissions or disturbances of the relevant index or the data contained therein.
EURO STOXX 50®, STOXX 50®, STOXX® 600 and its brands, STOXX® Europe 600 Oil & Gas, STOXX® Europe 600 Basic Resources, EURO STOXX 50® DVP are the intellectual property (including registered trademarks) of STOXX Ltd., Zug, Switzerland (“STOXX”), the Deutsche Börse Group or its licensor and is used under a license. The securities are neither promoted nor advertised, distributed or supported in any other way by STOXX, Deutsche Börse Group or its licensors, research partners or data providers, and STOXX, Deutsche Börse Group and its licensors, research partners or data providers do not accept any liability and exclude any Liability (from negligent as well as from other behavior) in this regard generally from and in particular with regard to any errors, omissions or disturbances of the relevant index or the data contained therein.
The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by HSBC Trinkaus & Burkhardt AG (“Licensee”). Standard & Poor’s®, S & P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by SPDJI and further licensed by the licensee for certain purposes. The Licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and neither party makes any representation regarding the advisability of investing in this product (s) and accepts no liability for errors, omissions or interruptions in the S&P 500 Index.
Nasdaq® and Nasdaq-100 Index® are registered trademarks of Nasdaq, Inc. (together with its affiliates as the “Companies”) and licensed to HSBC Trinkaus & Burkhardt AG for use by them. The companies make no statement about the legality or suitability of the securities. The companies do not issue, recommend, sell or advertise the securities. SOCIETIES DO NOT WARRANT OR TAKE ANY LIABILITY RELATING TO SECURITIES.
The “Dow Jones Industrial Average” is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by HSBC Trinkaus & Burkhardt AG (“Licensee”). Standard & Poor’s® and S & P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), and DJIA®, The Dow®, Dow Jones® and Dow Jones Industrial Average are trademarks of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by SPDJI and further licensed by the licensee for certain purposes. The Licensee’s products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and neither party makes any representation regarding the advisability of investing in this product (s) and accepts no liability for any errors, omissions, or interruptions in the Dow Jones Industrial Average.
Publisher: HSBC Trinkaus & Burkhardt AG, Königsallee 21/23, 40212 Düsseldorf