31.05.2020, 3704 Zeichen

Porr: Austrian based construction group Porr reported first quarter earnings. The order backlog of more than Euro 7 bn also provides a solid foundation, the company stated. Production output stood at Euro 942 mn, of which 94% was once again generated on the seven stable home markets. Revenue totalled Euro 912.4 mn, representing a slight decline of 3.5% against the comparable period. EBT was negative due to seasonal factors and the coronavirus and totalled Euro –25.5 mn. “We have a healthy order backlog at a record level. Our broad positioning is a major competitive advantage – especially in these challenging times”, said Karl-Heinz Strauss, CEO of Porr. “We have had a stable start to the new year; unfortunately, from March, we have had to accept declines in output and earnings as a result of the coronavirus”.
Porr: weekly performance: 3.26%

European Lithium:  European Lithium (EUR), a stock listed company that is developing its Wolfsberg Lithium Project in Austria (100% interest) where it aims to be the first local supplier of lithium into an integrated European battery supply chain, has entered into a strategic engagement agreement with Talaxis Limited which includes the appointment of Talaxis and Noble Group Holdings Limited executive Daniel Mamadou-Blanco as a strategic advisor to EUR. Talaxis invests and develops projects that are related to nickel, cobalt, lithium, rare earths and other metals and materials that are key to the energy transition. Tony Sage EUR Non-Executive Chairman commented: "The appointment will expedite the DFS for the Company's Wolfsburg's lithium project as the world starts to move out of the pandemic and into an EV future, especially in Europe". Daniel Mamadou-Blanco Managing Director and the Global Head of Technology Metals and Materials at Noble Holdings adds: "Having followed the Wolfsberg Lithium Project for a number of years, we believe the asset is uniquely placed to drive growth in the European battery industry given its strategic location, metallurgically friendly lithium ore and expected production timeline. Despite a challenging macro-economic environment in light of COVID-19, we believe the industry's long-term fundamentals remain resilient as the transition towards electric vehicles and renewable energy continues to accelerate. We are proud to be partnering with European Lithium to support the energy transition and drive long-term growth."
European Lithium: weekly performance: 19.35%

Immofinanz: Austrian based real estate company Immofinanz started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to Euro 74.0 mn, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to Euro 59.5 mn, and the results of operations were 18.0% higher at Euro 43.5 million. However, the revaluation results of Euro -45.0 mn from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at Euro -37.6 mn. "By now, 79% of our retail space has already reopened. We want to emerge from this crisis even stronger and continue Immofinanz‘s growth course, whereby our focus will remain on the office and retail asset classes and on our brand strategy“, indicated CEO Ronny Pecik. "Due to our operating performance and our solid liquidity position and financing structure, we are well positioned to handle the current challenges“, adds COO Dietmar Reindl.
Immofinanz: weekly performance: 6.51%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (27/05/2020)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #777: ATX schwächer, Palfinger und RWT glauben an sich und am Montag kommt The One and Only

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Aktien auf dem Radar:Warimpex, RBI, Andritz, Immofinanz, CA Immo, Addiko Bank, Agrana, Frequentis, Pierer Mobility, AT&S, Cleen Energy, FACC, Lenzing, Linz Textil Holding, SW Umwelttechnik, EuroTeleSites AG, Oberbank AG Stamm, Zumtobel, Kapsch TrafficCom, Amag, Erste Group, EVN, Flughafen Wien, OMV, Österreichische Post, S Immo, Telekom Austria, Uniqa, VIG, Wienerberger.

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