Analysis of Bilfinger

Company: Bilfinger SE

Business: A German engineering and services group that offers customized services for industrial facilities, power plants, real estate and infrastructure which are also more or less what they are divided into as four core segments: Industrial (blueprints/design, building as well as running/servicing the industrial plants), Power (main focus lies with the maintenance of all kind of power plants), Building & Facility (biggest builder of private as well as commercial real estate in Germany) and finally Construction  (tunnels, bridges and roads).

Active: The big bulk of their activity is in Germany and Europe. Due to their engineering services and maintenance contracts they are present all over the world.

P/E: 13.7

Commerzbank report Q3 2013

Also Commerzbank arrived with their jogging woman... sorry... their quarter report. One have to admit that when they start a concept they stick to it and she has now been running all over as well as inside the reports this year.

The market made a significant hiccup jump (+10.1%) on Thursday due to the quarter report from Commerzbank. Apparently the market was amazingly impressed that Commerzbank had a better operating profit quarter than Deutsche Bank... does that make sense?

Münchener Rückversicherung report Q3 2013

I was not very happy with my own graphical skills and have therefore decided to take pictures of the front page of the quarter reports that I am making a summary of instead of the ugly triangle that I used the last couple of times. On the other hand some companies have very basic quarter report so the picture might not always look nice but at least better than my failed graphical attempt.

The stock market responded with disappointment (-2% today) concerning the third quarter report from Münchener Rückversicherung and the question is... should they?

Analysis of Axel Springer

Company: Axel Springer

Business: A German publishing house and media provider that are divided into five segments: Digital Media (online news papers and magazines, 36% of revenue and the segment they are currently pushing the hardest which is not strange since it is also available and giving world wide access), Newspapers National (German newspapers, 35% of revenue), Magazines National (German magazines, 14% of revenue), Print International (the few newspapers and magazines that are publish internationally, 13% of revenue) and finally Services/Holdings (Newspaper printing plants as well as logistics etc., 4% of revenue)

Active: Very much focused on Germany and are currently trying to expand much more internationally via digital media.

P/E: 18.4

Analysis of Aurubis

Company: Aurubis

Business: A German company with main focus on the production and recycling of copper. They have three business units: Primary Copper (production of copper and copper cathodes from raw material meaning copper ore), Recycling/Precious Metals (are producing copper cathodes from recycled copper in electronic equipment etc. as well as precious metals are then also being recycled) and finally Copper Products (value-added chain of copper products making wires, rolls and rods).

Active: Production sites in Europe and the US and product sales besides from the two mentioned also in Asia.

P/E: 5.9