FRANKFURT (dpa-AFX) – After a strong start to the week on the German stock market, share prices fell again on Tuesday. The recovery of the leading index was initially brought to an end not least by significant losses in Airbus shares. The aircraft manufacturer has cut its profit and delivery targets for this year.
In early trading, the Dax fell by one percent to 18,138 points. The MDax of mid-cap blue chips lost 0.7 percent to 25,528 points. The Eurozone’s leading index, the EuroStoxx 50, was also down 0.6 percent.
Airbus lowered its annual targets due to a write-down in its aerospace division and ongoing problems in its supply chains. Adjusted earnings before interest and taxes for the current year are now only expected to be around 5.5 billion euros instead of the previously expected 6.5 to 7.0 billion euros. In addition, Airbus is only expected to deliver around 770 aircraft in 2024 instead of the previously…
