VW beats forecasts in 2018 still marked by diesel fallout

Mammoth German carmaker Volkswagen reported Thursday growing profits and revenues in 2018, beating analysts' forecasts despite enormous charges linked to its "dieselgate" emissions cheating scandal and headwinds from tough ...

BASF counts on 2019 rebound after annual profits slump

German chemicals giant BASF said Tuesday a restructuring, expansion and a worldwide economic rebound should help it to a stronger 2019, after its bottom line last year was battered by headwinds for vital customer industries ...

VW sees steady profits in 2018 results

German car giant Volkswagen on Friday reported steady operating profit and rising revenues in 2018, but said its "dieselgate" emissions cheating scandal again inflicted one-off costs of 3.2 billion euros ($3.6 billion).

Diesel fallout and trade headwinds sap Daimler in 2018

German car giant and Mercedes-Benz parent Daimler reported Wednesday that costly investments, fallout from the industry's diesel scandal and trade headwinds compressed its bottom line in 2018.

Nokia Q4 profit up as operators switching to 5G networks

Nokia has reported increased fourth-quarter earnings on the back of grown orders from telecom operators of new-generation mobile networks that are expected to be rolled out commercially this year.

Billion-euro SAP restructuring to cost 4,400 jobs

German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year.

Philips underlying 2018 profit higher after lighting sale

Dutch electronics giant Philips said Tuesday its 2018 headline earnings plunged more than 40 percent, reflecting the disposal of its lighting business, but underlying profit rose while sales were steady.

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