Earnings to Watch: Munich Re, Vestas and Saudi Aramco
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The world’s addiction to fossil fuels, the race for renewables and the costly impact of climate change will all be in focus in this week’s raft of corporate earnings. Attention will be on Munich Re on Tuesday after smaller reinsurer Hannover Re this week stuck by its profit target. Wind turbine maker Vestas will be in focus on Wednesday after Siemens Gamesa cut guidance again on surging commodity costs and supply chain disruption. And, following a series of estimate-busting profits and share buybacks from TotalEnergies, Shell and BP, it’s Saudi Aramco’s turn on Sunday to show how much it has benefited from soaring oil prices.
Earnings highlights to look out for next week: