04.08.2019, 2688 Zeichen

Erste Group: Austrian based CEE banking group Erste Group posted a solid  profit of Euro 732 mn (774,3 mn in 1HY 2018) in first half year, driven by highest operating result in five years. "We are very satisfied with our net profit of Euro 732 million for the first half of this year – it is a strong result. In particular, it is a strong result because it is based on a foundation of solid key indicators ranging from operating income and operating expenses to risk costs, capital and liquidity. Of course there is always room to further improve our performance, but we are moving in the right direction,” says Andreas Treichl, CEO of Erste Group Bank AG. The healthy macroeconomic growth in our region, which remains the growth powerhouse of the European Union, is also reflected in the 7 percent increase year-on-year in customer loans volume to Euro 155.3 bn. However, the increase in customer deposits by 8 percent to Euro 169.7 bn is a cause for concern during what continues to be a low interest rate environment – deposits are not anymore the basis on which our customers can build their financial well-being. Treichl: “The current conditions make us confident about reaching the goals that we have set for our 200 anniversary year: growing our income at a rate higher than expenses, keeping risk costs low, and achieving a solid return on equity of above 11 percent.”
Erste Group: weekly performance: -8.20%

OMV: Austrian oil and gas company OMV and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity partnerships covering both the existing ADNOC Refining business and a new Trading Joint Venture. The shareholder structure for both, the ADNOC Refining and the Trading Joint Venture, is OMV 15%, Eni 20% and ADNOC the remaining 65%. The purchase price for OMV amounts to USD 2.43 bn. Futher, the company presentet HY figures. Consolidated sales increased by 7% to Euro 11,438 mn. This increase was driven by higher sales volumes and realized oil prices in Upstream, as well as higher sales volumes in Downstream. The clean CCS Operating Result rose from Euro 1,544 mn in 6m/18 to Euro 1,806 mn. OMV Group’s reported Operating Result rose to Euro 1,853 mn (6m/18: Euro 1,502 mn).
OMV: weekly performance: 1.65%

VIG: The international rating agency Standard & Poor’s (S&P) again confirmed its rating for Vienna Insurance Group of A+ with stable outlook in a press release. S&P based its positive assessment on the company’s broad-based product portfolio and sound premium diversification at Group companies, and its market leadership in Austria and CEE. 
VIG: weekly performance: -1.50%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (31/07/2019)

Christian Drastil: Wiener Börse Plausch

Börsepeople im Podcast S18/15: Veronika Korbei

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Aktien auf dem Radar:Frequentis, Porr, Österreichische Post, Addiko Bank, Pierer Mobility, RHI Magnesita, Verbund, EVN, CPI Europe AG, Bawag, VIG, OMV, Telekom Austria, Uniqa, Amag, Wolford, Oberbank AG Stamm, Marinomed Biotech, CA Immo, Erste Group, FACC, Kapsch TrafficCom, Polytec Group, RBI, Rosenbauer, SBO, Semperit, Strabag, Wienerberger, Flughafen Wien, Fresenius Medical Care.

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