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Procter & Gamble reported net sales of $20.1 billion for the third quarter of fiscal year 2023, up four percent from the previous year. Organic sales, which exclude the effects of foreign exchange and acquisitions and divestitures, increased seven percent. Operating cash flow was $3.9 billion and net income for the quarter was $3.4 billion. Diluted net earnings per share were $1.37[1], an increase of three percent compared to the prior year.
The Bratislava plant of Volkswagen Slovakia is the only automobile plant in the world that produces vehicles of four brands under one roof. Volkswagen Touareg, Audi Q7, Audi Q8, Porsche Cayenne, Porsche Cayenne Coupé, Volkswagen up!, fully electric Volkswagen e-up are produced here. and the compact SUV ŠKODA KAROQ. More than 99% of production is exported worldwide, while large SUVs are produced exclusively in Bratislava. The largest export markets in terms of sales are China, the USA and Germany. Investments in the Slovak plant in 2022 reached 345 million euros, and in total, in more than thirty years of Volkswagen in Slovakia, they have already exceeded the 5 billion euro mark.
European defense stocks are up around 50% since the beginning of 2022 and are trading around 26% higher than one year ago. By comparison, the Stoxx 600 has risen by 9% over the past year. Actually, European defense stocks are doing so well that they are already on par with US tech benchmarks. One of the key actors on the European defense scene is the German defense company Rheinmetall AG.
With the flu season upon us, the makers of Covid vaccines are back in the headlines as the world looks to contain the new virus mutations. Even before Covid, vaccine development is a very competitive game with companies battling it out with pricing and for market share. The same holds true for vaccines that are considered to be the best against Covid and its mutations, like Pfizer and Moderna.
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