At the annual gathering of Deutsche Telekom AG investors in Cologne, Germany, questions for Chief Executive Officer Timotheus Hoettges focused on a place 5,000 miles (8,000 kilometers) away: Bellevue near Seattle.
Allianz SE, defending its Pacific Investment Management Co. unit against shareholder criticism over declining returns and management infighting, said the bond manager has been a very profitable investment since the German insurer took it over in 1999.
EON SE doesn’t expect this year to bring a “significant turnaround” in Europe, while the company is waiting for a recovery plan to be drawn up for its Brazilian investment amid efforts to improve a weak profit outlook.
Daimler AG Chief Executive Officer Dieter Zetsche said his expansion of Mercedes-Benz model offerings will enable the world’s third-largest maker of luxury cars to beat competitors’ sales growth and increase operating profit “significantly” in 2014.
RWE AG, the German utility that reported its first loss in at least 65 years last year, expects its earnings base to “largely stabilize” from 2015 as it takes steps to overcome revenue shortfalls caused by the country’s shift out of nuclear power.