Novo Nordisk acquires German biotech company
Over a billion euros for the takeover of Cardior Novo Nordisk is taking over the Hanover-based biotechnology company Cardior Pharmaceuticals. According to its own statement, Novo Nordisk is strengthening its product pipeline in the field of cardiovascular diseases. As the two companies announced on Monday, an agreement has been reached. Accordingly, the purchase price will be up to 1.025 billion euros. In [...]
Annual Report 2023 of Hapag-Lloyd
EBIT falls to €2.5 billion The Hamburg-based shipping company Hapag-Lloyd has published its annual report for 2023. It records a sharp decline, which, according to the information provided, was expected. EBITDA was €4.5 billion, EBIT was €2.5 billion and the Group result was €3 billion. Rolf Habben Jansen, […]
PALIFINGER opens site in Perth
Australia plays an important role in the future of the marine industry. The international technology and mechanical engineering company PALFINGER is one of the leading producers and suppliers of crane and lifting solutions, which are used in the marine sector, among others. The company is now announcing the opening of its first site in the Australia and New Zealand region. With the new site in Perth, Western Australia [...]
E.ON increases investments for energy transition
Billions in investments for energy networks and energy infrastructure solutions. E.ON recently presented its business figures for the year 2023. According to the press release, the energy group was able to continue its growth trajectory in 2023. E.ON, by its own account, achieved a result for the full year that is significantly higher than the previous year's figure. At the same time, the Essen-based group announced that it would increase its medium-term planned investments by around 30 percent […]
Duisport Group founds Duisport logistics & port services
Consolidation of various logistics services into a single entity The Duisport Group announces the merging of its business divisions Duisport agency, Duisport facility logistics, and Bohnen Logistik into a single unit under the name Duisport logistics & port services. The merger is expected to be completed by the end of August 2024 and will be effective retrospectively from 1 January 2024. According to information from the press release, [...]
Otto Group: Change of management
Michael Otto hands over to Benjamin Otto. The Otto Group announced this week that there will be a generational change at Hamburg's major retail company in 2026. Accordingly, Michael Otto will hand over the leadership of the Otto Group to his son Benjamin Otto in 2026. According to the press release, Benjamin Otto will then become Chairman of the Board of Trustees of the Michael Otto Foundation, at […]
600,000 euros invested in sustainability
Modernisation of the recycling and circulation system in Alling MEA Bausysteme has announced it has invested over €600,000 in the modernisation of its precast concrete plant in Alling. This is part of an investment programme aimed at enhancing sustainability, production safety, and quality. The Alling site is intended to become a model for sustainability and innovation in the construction industry. Recycling system […]
Dräger: Successful fiscal year
Increased revenue and profit, higher dividend For the financial year 2023, Drägerwerk AG & Co. KGaA (Dräger), based in Lübeck, was recently able to report positive development. The family-run company, which specialises in medical and safety technology, achieved a revenue of around 3.4 billion euros in 2023. This corresponds to an increase of 13.1 percent compared to […]
w3logistics AG at the LogiMAT 2024
Logistics solutions for SMEs From 19 to 21 March 2024, LogiMAT, an international trade fair for intralogistics solutions and process management, will take place in Stuttgart. w3logistics AG, a company offering software solutions for logistics, will also be represented there. Services from w3logistics AG The motto of w3logistics AG is „100% SMEs“. The focus […]
Slump in profits at DHL
Following a very successful 2022, DHL Group has now presented significantly weaker figures for the 2023 financial year. According to the press release, the logistics provider's revenue in 2023 was €81.8 billion, down from €94.4 billion in the previous year. Operating profit (EBIT) fell from €8.4 billion to €6.3 billion. Free cash flow before net M&A […]