28.11.2018, 2555 Zeichen

Vienna Insurance Group: Vienna Insurance Group continued its stable upward trend in the first three quarters of 2018, achieving a further improvement in key figures. Group premiums written increased by +2.9 percent to around Euro 7.4 bn in the first three quarters of 2018. The Group result (before taxes) increased by +6.4 percent to Euro 352.3 mn in the first to third quarter of 2018. “This positive business development makes us highly confident about achieving our targets for 2018. We continue to aim for a premium volume of Euro 9.5 bin and a result before taxes in the range of Euro 450 to 470 mn in 2018. Our steady upward trend and broad risk diversification across countries also give us the financial foundation needed to remain fit for the future. This is also demonstrated by the A+ rating with stable outlook that was confirmed by Standard & Poor’s again in the third quarter of 2018 for our solid financial position and high capital strength”, stated Elisabeth Stadler, CEO of Vienna Insurance Group.
VIG: weekly performance: -2.32%

Amag: The Supervisory Board of Amag Austria Metall AG, supplier of primary aluminium and semi-finished aluminium products, has passed a resolution to implement an early extension of the Management Board contracts of Gerald Mayer and Helmut Kaufmann until December 31, 2022, and to appoint Gerald Mayer to be the new Management Board Chairman (CEO) of the company from March 1, 2019 until December 31, 2022. Gerald Mayer, who has already been the company's CFO since 2007, succeeds Helmut Wieser, and will perform this role in addition to his position as CEO until a new CFO is appointed.
Amag: weekly performance: -4.96%

Immofinanz: Austrian real estate company Immofinanz has remained on a sound course in the 2018 financial year: In the first three quarters, the results of operations more than doubled year-on-year to Euro 149.7 mn (Q1-3 2017: Euro 66.2 min), sustainable FFO 1 from the standing investment business rose by 100.0% to Euro 63.0 mn or Euro 0.57 per share, and net profit turned positive with a significant increase to Euro 135.0 min (Q1-3 2017: Euro -59.1 mn). That represents basic earnings per share of Euro 1.23 and diluted earnings per share of Euro 1.14. The company plans to take further steps to optimise its financing structure in the coming months. These steps will include possible issuance of bonds (Eurobonds) to lock in financing costs over the long-term.
Immofinanz: weekly performance: 4.89%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (28/11/2018)

Christian Drastil: Wiener Börse Plausch

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