Tag #Profit Decline

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welt.de

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Mar 13, 10:10

Deutsche Bank Board Receives €68.1 Million Despite Profit Decline

Deutsche Bank's ten board members received €68.1 million in compensation for 2024, despite a 7 percent decrease in pre-tax profit and a 36 percent drop in shareholder profit to €2.7 billion; CEO Christian Sewing earned over €9.75 million; one employee received €17-€18 million.

Deutsche Bank Board Receives €68.1 Million Despite Profit Decline

Deutsche Bank's ten board members received €68.1 million in compensation for 2024, despite a 7 percent decrease in pre-tax profit and a 36 percent drop in shareholder profit to €2.7 billion; CEO Christian Sewing earned over €9.75 million; one employee received €17-€18 million.

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How did the performance of Deutsche Bank's Investment Bank affect employee compensation in 2024?

The substantial increase in board member compensation contrasts with a 36 percent drop in shareholder profit to approximately €2.7 billion. This decline is attributed to compensation paid to former Postbank shareholders. The Investment Bank's 78 percent increase in pre-tax profit, however, fueled a larger bonus pool for employees, reaching €2.5 billion compared to €2.0 billion in 2023.

welt.de

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Jan 31, 13:08

Bosch Reports Sharp Profit Drop Amidst Economic Slowdown

Bosch, a German auto supplier and technology company, reported a 33% drop in its 2023 EBIT to €3.2 billion, a 1% revenue decrease to €90.5 billion, and plans to cut over 12,000 jobs globally by 2032 due to weak global economic growth and market delays in future technologies.

Bosch Reports Sharp Profit Drop Amidst Economic Slowdown

Bosch, a German auto supplier and technology company, reported a 33% drop in its 2023 EBIT to €3.2 billion, a 1% revenue decrease to €90.5 billion, and plans to cut over 12,000 jobs globally by 2032 due to weak global economic growth and market delays in future technologies.

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Decent Work and Economic Growth

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How did Bosch's investments in future technologies affect its financial performance in 2023, and what strategic adjustments might be considered?

The shortfall in Bosch's performance stems from a combination of factors: sluggish global economic expansion, considerable market delays in key growth areas (e-mobility, heat pumps, hydrogen technologies), and substantial investments in these future technologies. Despite growth in these sectors, it fell short of expectations, directly impacting profitability.

zeit.de

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Mar 11, 10:18

VW Profit Plunges 31% Amid China Competition and Restructuring

Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...

VW Profit Plunges 31% Amid China Competition and Restructuring

Volkswagen's 2023 profit fell 31 percent to €12.4 billion due to intense China competition and high restructuring costs, including the Audi Brussels plant closure; the company is cutting its dividend and will reduce investment by €15 billion over the next 5 years but still aims for a 5 percent reven...

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How did the restructuring costs, specifically those related to the Audi Brussels plant closure, impact Volkswagen's overall financial performance?

The decline in profit reflects challenges faced by Volkswagen in a weakening global automotive market. Increased competition in China, a key market for VW, significantly reduced earnings. High restructuring costs, particularly those associated with factory closures, also contributed to the lower overall profitability.

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