05.04.2020, 1803 Zeichen

RHI Magnesita: Refractory producer RHI Magnesita recorded revenues in 2019 2.92 bn (-6.5%) and a pretax profit of 200 mn (- 19%). Chief Executive Stefan Borgas said: "In 2019, RHI Magnesita has further demonstrated strong progress in executing our strategy, resolving previously identified operational issues and implementing the initiatives that will underpin our long-term growth. We have delivered a resilient financial performance in the year, despite difficult market conditions and lower raw material prices, particularly in our Steel Division in the second half." RHI has decided against a final dividend "to preserve financial flexibility". It paid a Euro 0.50 per share dividend for the first half of 2019.
RHI Magnesita: weekly performance: -7.24%

Erste Group: The management board of Erste Group Bank AG has decided to suspend the financial guidance for the 2020 fiscal year, originally issued at the Capital Markets Day on 21 November 2019 and confirmed on 28 February 2020, albeit with the addition of a coronavirus risk factor. This decision is a result of an accumulation of evidence over the past weeks that coronavirus-related lockdowns have led to a significant deterioration in the economic outlook in spite of political, monetary and regulatory mitigating measures; some of these measures, such as loan repayment moratoria, may also lead to negative financial effects, though. The halt in economic activity will likely negatively impact business prospects in general and jeopardize volume as well as revenue development, in particular. As a consequence, risk costs are expected to rise and asset quality will likely deteriorate from currently very benign levels.
Erste Group: weekly performance: -16.33%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (01/04/2020)

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