03.02.2019, 4303 Zeichen

OMV: Austrian based oil and gas company OMV establishes a major Downstream Oil position in Abu Dhabi. The company signed agreements for a 15% share in ADNOC Refining. The ADNOC subsidiary owning and operating 922,000 barrel per day of refining capacity in Abu Dhabi including the Ruwais Refinery, the world´s fourth largest single site refinery, part of the Ruwais mega-site and integrated in petrochemicals. In addition, OMV and ADNOC agreed to create a Trading Joint Venture with the same shareholder structure. This new Joint Venture will market export volumes and optimize the non-Abu Dhabi feedstock supply of ADNOC Refining. The shareholder structure for both, the ADNOC Refining and the to-be-established trading joint venture, will be: OMV 15%, Eni 20% and ADNOC owning the remaining 65%. OMV´s 15% stake will be consolidated at equity. The estimated purchase price for OMV amounts to approximately USD 2.5 bn based on 2018 year end net debt. The enterprise value for 15% amounts to USD 2.9 bn. The transaction will be accretive to OMV’s earnings per share from the first year onwards. A financial framework to achieve self-funded growth, paired with an attractive dividend policy has been agreed. The transaction is expected to close in Q3/2019, subject to customary closing conditions and all regulatory approvals.
OMV: weekly performance: 0.92%

S Immo: The management board of real estate company S Immo AG expects results from property valuation to exceed last year’s figure (2017: Euro 127.6 mn) and thus consolidated net income to significantly surpass last year’s results (Consolidated net income attributable to shareholders in parent company 2017: Euro 130.1 mn) as well as a significant increase in NAV. CEO Ernst Vejdovszky comments: “The once again strong results from property valuation are based on a strong operative performance, a positive environment in the markets of S IMMO and above all the result of the consistent implementation of our cycle-oriented strategy.”
S Immo: weekly performance: 3.06%

KTM: In 2018 motorcycle company KTM gained disproportionately in market share in the key markets with its brands KTM and Husqvarna Motorcycles and outperformed the market in both, Europe and North America. In Europe the market grew by about 8 % last year. In the overall declining US market in 2018 (minus 2.3 %) KTM increased the registrations by 8.5% and increased the market share to 8.9% at the end of 2018. According to preliminary results, the KTM Industries Group achieved record revenues in the amount of Euro 1,559.5 mn (+2%) in the business year 2018. The preliminary EBIT reached Euro 161.0 mn (+21%) after Euro 132.5 mn in the previous year. In the financial year 2019, the KTM Industries Group will continue to focus on organic growth in all core areas. The objective is to further expand market shares in the markets that are important for KTM and Husqvarna – despite the challenging market environment. Shifting the production of the Husqvarna street motorcycles (up to 400 cc) to the strategic partner Bajaj in Q4/2019 also gives KTM the opportunity to produce Husqvarna entry-level motorcycles at competitive manufacturing costs, thus further increasing sales in the emerging markets.
KTM Industries: weekly performance: -4.27%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (28/01/2019)

Christian Drastil: Wiener Börse Plausch

Börsenradio Live-Blick, Fr. 22.11.24: DAX leichter, Brenntag deutlich stärker, Deutsche Bank deutlich schwächer; Pierer Mobility Gerücht

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Aktien auf dem Radar:Pierer Mobility, Warimpex, Semperit, Addiko Bank, Immofinanz, CA Immo, Rosgix, Linz Textil Holding, AT&S, Wienerberger, Mayr-Melnhof, Palfinger, SBO, EVN, Gurktaler AG Stamm, Kostad, UBM, Verbund, Wolford, Oberbank AG Stamm, DO&CO, Agrana, Amag, Flughafen Wien, OMV, Österreichische Post, RHI Magnesita, S Immo, Telekom Austria, Uniqa, VIG.

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