Dusseldorf Rising energy costs and ongoing supply chain issues are just two of the many uncertainties that continue to plague markets. Investors are therefore eagerly awaiting the quarterly figures of a number of companies this week.
In this episode of Handelsblatt Today, Michael Jakob, founder and managing director of the stock analysis portal AlleAktien, analyzes the results of three companies that stood out this week: Tesla, Netflix and SAP.
Netflix: First user drop in a decade
The streaming provider Netflix had to cope with a drop in shares of around 40 percent at times due to falling subscriber numbers. According to Jakob, there are four reasons for the decline in users. One of them is the gradual return to normality. “After two years of Corona, where we all watched a lot of television, we want to do something different again.”
The war in Ukraine is a challenge for the company in two respects. On the one hand, the termination of the subscribers based in Russia has torn a gap. On the other hand, the increased inflation reduces the purchasing power of many consumers in other countries.
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Tesla and SAP: Tech is not just tech
The electric car manufacturer Tesla, on the other hand, remains in the fast lane even after the quarterly figures have been presented. Despite the global chip shortage, the company was able to convince its shareholders with massive profit and sales increases. “Tesla is simply the clear market leader in e-mobility, and customers want to take this trend with them,” says Jakob. His expected return on the company is 15 percent over the next ten years.
The software company SAP only reported its quarterly results on Friday. At eleven percent, sales increased more than analysts had expected.
At the same time, however, profits collapsed by 41 percent. While the share tended to respond positively to the announcement of the withdrawal from Russia, the price reacted sensitively to the slump in profits. Over the course of the day, the stock fell by up to five percent.
Jakob can see some good things in this balance sheet: “What is positive in the current figures is that cloud sales have increased by 25 percent. If things continue like this, I see SAP as a winner in the future.”
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