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21st Austria weekly - Valneva, Verbund (16/01/2019)

20.01.2019

Valneva: Austrian French Biotech company Valneva announced the signing of a new USD 59 mn contract with the U.S. government Department of Defense for the supply of its Japanese encephalitis (JE) vaccine IXIARO®. Under the terms of the agreement, Valneva will supply IXIARO® doses to the Defense Logistics Agency of the U.S. Department of Defense, through 2019 and the beginning of 2020 with a value of USD 59 mn guaranteed and potentially worth up to USD 70 mn. A delivery schedule is being prepared and supply shipments will commence immediately.
Valneva: weekly performance: 6.51%

Verbund: Austrian utility company Verbund announced an increase in earnings forecast for financial year 2018. As a result of positive non-recurring effects from impairment testing, the company now expects a Group result of approximately Euro 430 mn for financial year 2018 (former forecast: approximately Euro 340 million). The forecast for EBITDA and the Group result adjusted for non-recurring effects, which serves as the basis for calculating the dividend, remains unchanged at approximately Euro 870 mn and approximately Euro 335 mn respectively. A favourable change in parameters in the energy market, primarily an increase in electricity price forecasts, caused these positive non-recurring effects from impairment testing. The resulting value increases concern hydropower in Austria and Germany and wind energy in Romania.
Verbund: weekly performance: 5.22%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/01/2019)


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21st Austria weekly - Valneva, Verbund (16/01/2019)


20.01.2019, 1533 Zeichen



Valneva: Austrian French Biotech company Valneva announced the signing of a new USD 59 mn contract with the U.S. government Department of Defense for the supply of its Japanese encephalitis (JE) vaccine IXIARO®. Under the terms of the agreement, Valneva will supply IXIARO® doses to the Defense Logistics Agency of the U.S. Department of Defense, through 2019 and the beginning of 2020 with a value of USD 59 mn guaranteed and potentially worth up to USD 70 mn. A delivery schedule is being prepared and supply shipments will commence immediately.
Valneva: weekly performance: 6.51%

Verbund: Austrian utility company Verbund announced an increase in earnings forecast for financial year 2018. As a result of positive non-recurring effects from impairment testing, the company now expects a Group result of approximately Euro 430 mn for financial year 2018 (former forecast: approximately Euro 340 million). The forecast for EBITDA and the Group result adjusted for non-recurring effects, which serves as the basis for calculating the dividend, remains unchanged at approximately Euro 870 mn and approximately Euro 335 mn respectively. A favourable change in parameters in the energy market, primarily an increase in electricity price forecasts, caused these positive non-recurring effects from impairment testing. The resulting value increases concern hydropower in Austria and Germany and wind energy in Romania.
Verbund: weekly performance: 5.22%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/01/2019)



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