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21st Austria weekly - Vienna Insurance Group, ams (10/08/2020)

16.08.2020

Vienna Insurance Group: Vienna Insurance Group adjusts goodwill for Bulgaria, Croatia and Georgia by a total of around Euro 120 mn. In view of the - currently not yet conclusively assessable - effects of the pandemic on medium- and long-term economic developments, the Executive Board decided to conduct scenario analyses for certain cash-generating unit groups within the framework of the traditionally cautious valuation policy of VIG Group. On the basis of this event-related goodwill review, goodwill impairments of about EUR 120 million are carried out for Bulgaria, Croatia and Georgia, which is particularly attributable to the significant increase in discount rates due to Covid-19. Profit before taxes before impairment shows a positive development in the first Due to the ongoing uncertainties, it is not possible to provide an outlook for the financial year 2020 at this point in time. For the first half of 2020, the Managing Board expects a pre-tax profit including goodwill impairment of around Euro 200 mn.
VIG: weekly performance: 4.75%

ams: ams, an Austrian based worldwide supplier of high-performance sensor solutions, shares the results of its ‘Comfortable, Smart, High-performing Earbuds Survey’ conducted in spring 2020 with 2000-plus consumers around the world on their audio earbud uses, habits and preferences. The survey was conducted in Austria, China, France, Germany, Netherlands, Sweden, UK, and USA. It found that consumers are demanding greater comfort and hearing safety without compromising on sound quality – or their long-term hearing. This becomes more important given the trend to wear earbuds all day. In fact, customers are asking for innovations like reducing background noise without losing awareness of one’s surroundings, volume-limiting features, 3D/special sound, and long battery life. This is especially true in China where consumers seem to be particularly well informed and more selective on earbud innovations. Listening to music was cited as the primary use of headphones across all regions (80%), followed by sports/exercise (61%), voice calls (51%) and gaming (45%). In fact, the survey showed earbuds are an integral part of daily life for many consumers. Users in USA and some European countries reported that they tend to wear earbuds all day – while making calls, listening to music, or exercising. “Until now, real data on consumer needs, wants, and uses for earbuds was hard to find. By talking directly with a statistically relevant sample of earbud users, we have learned, that users want a say in earbud innovation. They want comfort, safety, and usability: such as a comfortable yet secure fit; innovations, that will protect their ears and hearing; and long battery life in both the earbuds and charging case regardless of the usage scenario. ams strives to deliver innovation to meet these needs. Examples include: digital active noise cancellation for loose-fit earbuds to ad-dress comfort and hearing safety; features that help reduce the symptoms of Tinnitus for safety; and proximity sensors to help increase battery life. They want these features regardless of their activity – traveling, working, relaxing, or doing sport activities such as running or biking,” said Wim Renirie, Vice President and General Manager for Accessory & Wearable Solutions Business Line at ams. 
AMS: weekly performance: -1.87%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (10/08/2020)


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21st Austria weekly - Vienna Insurance Group, ams (10/08/2020)


16.08.2020, 3458 Zeichen



Vienna Insurance Group: Vienna Insurance Group adjusts goodwill for Bulgaria, Croatia and Georgia by a total of around Euro 120 mn. In view of the - currently not yet conclusively assessable - effects of the pandemic on medium- and long-term economic developments, the Executive Board decided to conduct scenario analyses for certain cash-generating unit groups within the framework of the traditionally cautious valuation policy of VIG Group. On the basis of this event-related goodwill review, goodwill impairments of about EUR 120 million are carried out for Bulgaria, Croatia and Georgia, which is particularly attributable to the significant increase in discount rates due to Covid-19. Profit before taxes before impairment shows a positive development in the first Due to the ongoing uncertainties, it is not possible to provide an outlook for the financial year 2020 at this point in time. For the first half of 2020, the Managing Board expects a pre-tax profit including goodwill impairment of around Euro 200 mn.
VIG: weekly performance: 4.75%

ams: ams, an Austrian based worldwide supplier of high-performance sensor solutions, shares the results of its ‘Comfortable, Smart, High-performing Earbuds Survey’ conducted in spring 2020 with 2000-plus consumers around the world on their audio earbud uses, habits and preferences. The survey was conducted in Austria, China, France, Germany, Netherlands, Sweden, UK, and USA. It found that consumers are demanding greater comfort and hearing safety without compromising on sound quality – or their long-term hearing. This becomes more important given the trend to wear earbuds all day. In fact, customers are asking for innovations like reducing background noise without losing awareness of one’s surroundings, volume-limiting features, 3D/special sound, and long battery life. This is especially true in China where consumers seem to be particularly well informed and more selective on earbud innovations. Listening to music was cited as the primary use of headphones across all regions (80%), followed by sports/exercise (61%), voice calls (51%) and gaming (45%). In fact, the survey showed earbuds are an integral part of daily life for many consumers. Users in USA and some European countries reported that they tend to wear earbuds all day – while making calls, listening to music, or exercising. “Until now, real data on consumer needs, wants, and uses for earbuds was hard to find. By talking directly with a statistically relevant sample of earbud users, we have learned, that users want a say in earbud innovation. They want comfort, safety, and usability: such as a comfortable yet secure fit; innovations, that will protect their ears and hearing; and long battery life in both the earbuds and charging case regardless of the usage scenario. ams strives to deliver innovation to meet these needs. Examples include: digital active noise cancellation for loose-fit earbuds to ad-dress comfort and hearing safety; features that help reduce the symptoms of Tinnitus for safety; and proximity sensors to help increase battery life. They want these features regardless of their activity – traveling, working, relaxing, or doing sport activities such as running or biking,” said Wim Renirie, Vice President and General Manager for Accessory & Wearable Solutions Business Line at ams. 
AMS: weekly performance: -1.87%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (10/08/2020)



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