Frankfurt / Main (dpa) - There are no signs of stabilization on the German stock market even at the end of the week.
The Dax fell slightly by 0.14 percent to 9557.29 points around an hour after the start of trading. The MDax for medium-sized companies fell 0.27 percent to 20,542.88 points. The EuroStoxx 50 lost 0.45 percent.
Four months after the outbreak of the coronavirus pandemic, more than a million people worldwide are now infected with the life-threatening virus.
It is still unclear when public life will at least gradually return to normal. The uncertainty is forcing more and more companies to officially say goodbye to their annual goals.
This now includes the consumer goods group Beiersdorf, the retail property investor Deutsche Euroshop and the media group RTL. At Beiersdorf, revenues already fell in the first quarter. The Nivea manufacturer actually wanted to grow its own revenue by 3 to 5 percent this year. The stock lost 0.6 percent in the morning.
The rejection of the annual targets and the dividend at RTL was received much worse. The stock plummeted by more than 8 percent at the start of the trade and later reduced its losses to around 5 percent. So she was bottom of the MDax.
The first quarter still largely met expectations, it said the previous evening. In the coming months, however, cancellations for line items and postponements of productions will have a negative impact on results. Competitor ProSiebenSat.1 was unable to avoid the downward slide and has also lost around 3 percent in the meantime.
The online pharmacy shop pharmacy was again in particularly high demand. The company benefits from high orders in the Corona crisis and is becoming somewhat more confident for the year.
The months of January and February were already very strong, it said on Friday. The Corona outbreak then caused another growth spurt in March. The company now expects annual sales to be at least 20 percent higher than in the previous year; previously, an increase of around 20 percent was targeted. The stock gained almost 7 percent.
On the other hand, the papers of the retail property investor Deutsche Euroshop landed further behind in the SDax with a drop of around 3 percent. The company has long been seen as a potential loser in the crisis as retailers are increasingly finding it difficult to pay the rent with far-reaching exit restrictions and store closings.
There is also the legal option to suspend payments due to the pandemic. The first tenants in the shopping centers would already file for bankruptcy, the Hamburgers said. In mid-March, they had already announced that they would not pay a dividend this year.