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August 3rd, 2023 | 07:35 CEST

dynaCERT, BASF, Daimler Truck AG: Investors pounce on logistics stocks, new opportunities and profit potentials

  • Hydrogen
  • greenhydrogen
  • chemicals
  • Logistics
Photo credits: BASF AG

dynaCERT is developing a patented technology that generates hydrogen and oxygen on demand and delivers them through the air intake system to improve combustion and carbon emissions in various diesel engines. The Company has sold 93 HydraGEN™ units to a logistics company in Guyana to support the country's ambitious goal to reduce CO₂ emissions by 70% by 2030. BASF has cut its investment budget amid a global downturn to preserve cash. Amid takeover rumors from chemical company Covestro, BASF CEO Martin Brudermüller calls for support from the German government to improve the competitiveness of European chemical companies. Daimler Truck has launched a share buyback program in which up to 82.3 million shares may be repurchased. The Company expects a significant increase in profits with higher revenue and sales.

time to read: 5 minutes | Author: Juliane Zielonka
ISIN: DYNACERT INC. | CA26780A1084 , BASF SE NA O.N. | DE000BASF111 , Daimler Truck Holding AG | DE000DTR0013

Table of contents:

    Dirk Graszt, CEO, Clean Logistics SE
    "[...] We can convert buses and trucks to be completely climate neutral. In doing so, we take a modular and incremental approach. That means we can work with all current vehicle types and respond to new technology and innovation [...]" Dirk Graszt, CEO, Clean Logistics SE

    Full interview


    dynaCERT supports Guyana in CO₂ reduction through HydraGEN™ technology

    dynaCERT is developing a patented technology that generates hydrogen and oxygen on demand and delivers these gases through the air intake system, thus improving combustion and reducing carbon emissions. The technology is versatile and can be used in various types and sizes of diesel engines, including on-road vehicles, refrigerated trailers, construction equipment, power generation equipment, and mining and forestry machinery.

    Now CEO Jim Payne has a logistics company in Guyana for the HydraGEN™ technology developed by dynaCERT. The Company has ordered 93 units. HydraGEN™ is a mobile, safe and reliable retrofit solution that produces hydrogen and oxygen on-demand, designed specifically for use in on-road vehicles with Class 6-8 engines.

    To date, dynaCERT has shipped two HydraGEN™ units to Guyana for the time being, as it is still waiting for information from the buyer that is required for the final packaging and shipping of the units. Once this information is received, the outstanding units will begin their journey to South America.

    The government of Guyana is already actively reducing CO₂ emissions. dynaCERT's technology will support the country in enabling its ambitious goal of a further 70% reduction in carbon dioxide by the year 2030. CEO Jim Payne emphasizes, "As a Canadian company operating internationally, we respect the challenges of global climate change and support Guyana's climate goals. We are committed to a better, sustainable future, with no exceptions for our Guyanese customers."

    BASF calls for political support for Germany as a business location

    BASF has cut its capital spending budget for this year to preserve cash amid a global downturn. CFO Dirk Elvermann, in a media briefing following the release of Q2/23 results, stressed the necessity of maintaining strict discipline on capital spending and raw material inventory reductions. The capital expenditures for this year will be reduced to EUR 5.7 billion, down from the previously planned EUR 6.3 billion.

    Plastics group Covestro also saw weak demand in Q2/23 and is now somewhat more cautious for the rest of the fiscal year. Covestro AG is a German company that produces raw materials for polyurethane and polycarbonate. It was formed in the fall of 2015 as a spin-off of Bayer AG and was previously called Bayer MaterialScience.

    The Company reiterated its operating profit forecast of EUR 1.1 billion to EUR 1.6 billion, which it raised in April. However, given an expected economic slowdown later in the year, Covestro is more likely to expect earnings in the lower half of this range. CFO Thomas Toepfer stated that they currently do not expect an economic recovery for the remainder of the year.

    Possible takeover rumors of Covestro AG have caught the attention of Martin Brudermüller, CEO of BASF AG. He says the possible takeover highlights the challenges facing European chemical companies like BASF. He stresses the need to get support from lawmakers to be more competitive and overcome stock market difficulties.

    At the same time, Brudermüller urges politicians to take note of the situation without further elaborating on reports that Abu Dhabi National Oil Co has been mentioned as a potential suitor.

    Daimler Truck: Share buyback program launched, high profit expected

    The Board of Management of Daimler Truck Holding AG has implemented a share buyback program. The program will start on August 2, 2023, and end on August 1, 2025. Up to 82,295,188 shares may be repurchased via the stock exchange for a total price of up to EUR 2 billion. The buybacks are based on the authorization of the Annual General Meeting on November 5, 2021. The repurchased shares are to be cancelled, and the share capital reduced accordingly.

    The share buyback program of Daimler Truck shares will be carried out in accordance with the authorization and the safe harbor provisions of Regulation (EU) 596/2014 in conjunction with Delegated Regulation (EU) 2016/1052.

    According to the authorization, Daimler Truck may acquire treasury shares until October 31, 2026, in an amount of up to 10% of the share capital existing at the time of the authorization or, if lower, at the time of the exercise of the authorization.

    A share buyback is a positive signal for shareholders and the market as a whole. It shows that the Company believes its shares are undervalued and has confidence in its future development. The buyback reduces the number of shares outstanding, which may cause the value of the remaining shares to increase. This potentially increases the share price.

    The Company expects a significant increase in profit with higher sales and sales volumes. Strong selling price increases will allow the Company to more than offset rising raw material and labor costs. In the second quarter, adjusted operating profit rose 41% to EUR 1.4 billion, while revenue increased 15% and sales volumes 9%. The world market leader for heavy trucks sold almost 132,000 vehicles between April and June. Truck sales are expected to rise to as many as 550,000 for the full year, compared with 520,000 a year earlier.

    dynaCERT's innovative carbon emissions reduction technology for diesel engines simultaneously provides significant fuel savings for operators. The solution can be used in road vehicles, refrigerated trailers and construction equipment to reduce CO₂ emissions. The Company has sold 93 HydraGEN™ units to a logistics company in Guyana to support the country's ambitious goal of reducing CO₂ emissions by 70% by 2030. Despite some minor business challenges on the buyer's side, dynaCERT CEO Jim Payne remains unfazed. BASF CEO Brudermüller is a bit more cautious in his growth forecast, stating that the Company does not expect a further weakening of demand for chemicals in the 2nd half of the year, but a potential recovery is approached with caution. "We expect global demand for consumer goods to grow more slowly than previously assumed," he added. Daimler Truck is also confident. Despite all the uncertainties in the global economy, management sees no signs of a downturn in the cyclical truck business so far. For the current fiscal year, they do not expect major disruptions, as seen during the COVID-19 pandemic, to occur.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

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    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author

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