German insurance giant Allianz brandished on Thursday strong 2009 results as it emerged from the global financial crisis in good shape, while remaining modest for 2010.
Deutsche Telekom, the biggest European telecommunications operator, said Thursday that 2009 net profit plunged by more than 70 percent owing to asset devaluations of more than €2 billion ($2.7 billion).
German chemicals giant BASF posted stronger than expected fourth quarter results on Thursday, saying the worst was over after its 2009 net profit was less than half from the previous year.
Germany's second largest bank, Commerzbank, on Tuesday reported sharp losses for the fourth quarter and all of 2009, but still voiced cautious optimism for this year.
The German industrial group MAN swung to a net loss last year owing to exceptional items, but remained profitable at the operating level, it said on Monday.
The German steel group ThyssenKrupp posted on Friday a first quarter profit that was much better than expected, but warned a recovery remained fragile because sales would level off this year.
The world's biggest reinsurer, Munich Re, reported Tuesday that net profit soared 62 percent last year, exceeding the group's own forecast owing to a sharp decline in natural disasters.
German group BMW said Friday that 2009 sales slipped by 4.7 percent as the luxury car market was hit by the global recession, but added it expected to sell more than 1.3 million autos this year.
German auto maker Opel said Friday that General Motors' Nick Reilly has been named new chief executive responsible for Opel and its sister brand Vauxhall as part of a broad restructuring.
The German retail giant Metro, number three worldwide, said Tuesday that 2009 sales fell by 3.6 percent to €65.5 billion ($95 billion), a result of negative foreign exchange rates.
Volkswagen on Monday reported record results in 2009 despite a difficult year for the auto industry, as it pursues Japanese rival Toyota for the title of world's number one carmaker.
German automaker Opel is expected to earn an unexpected profit for 2009 with sales surging 34.5 percent from the previous year, daily <i>Die Welt</i> reported on Monday.
German industrial giant Siemens said Thursday it suffered a net loss of €1 billion in the last quarter of its 2008/09 fiscal year, and expected the current year to be worse.
Deutsche Telekom, posted positive results on Thursday that demonstrated its resistance to a global slump and allowed the group to confirm a full-year outlook.
German luxury car maker BMW on Tuesday posted dismal third quarter figures and warned there was no guarantee of a recovery in the coming months despite strong growth in China.
Volkswagen's third quarter profit plunged 85.7 percent on a 12-month basis on Thursday, but Europe's biggest carmaker said it should still end the year in the black thanks to the booming Chinese market.
Deutsche Bank, the biggest German bank, presented crisis-beating results on Thursday, cutting provisions against bad loans and reporting its third big quarterly net profit in a row.
German conglomerate MAN warned Thursday that it saw no improvement in prospects for its heavy truck division and also expected the global slowdown to hit its diesel motor and turbo operations.
German chemical giant BASF reported on Thursday a sharp drop in third quarter net profit, but said it had begun to gain ground in a recovery that it warned would be slow and uneven.
Daimler said on Tuesday that its third quarter net profit plunged 74 percent from a year earlier, but the German auto giant stressed that it had managed to negotiate the global crisis in the sector.
German chemical and pharmaceutical giant Bayer reported on Tuesday an unexpected and sharp drop in quarterly profit and sales but confirmed its forecast for all of 2009.
