15.11.2020, 2061 Zeichen

voestalpine: The financial key performance indicators (KPIs) of the voestalpine Group for the first half of the business year 2020/21 were shaped entirely by the Covid-19 pandemic. The decrease in revenue by 21.9% from Euro 6.5 bn to Euro 5.1 bn stems from smaller delivery volumes and lower prices. On the earnings side, voestalpine succeeded in generating a substantially positive operating result (EBITDA) of Euro 395 mn in the business year’s first half despite extremely difficult market conditions. Against the backdrop of the Covid-19 crisis, EBITDA dropped 40.6%, down from Euro 666 mn in the same period the previous year. The decline in EBIT was much more pronounced: Apart from the pure operating performance, it was due especially to some Euro 200 mn in impairment losses on assets at voestalpine Texas and voestalpine Tubulars owing to global market changes that were exacerbated by the Covid-19 pandemic. In sum, EBIT dropped from  Euro 230 mn in the first half of the business year 2019/20 to Euro –215 mn in the first half of the business year 2020/21. CEO Herbert Eibensteiner: “Assuming that there will be no other major constraints on economic activity owing to the COVID-19 pandemic, such as additional governmental restrictions in this connection, the Management Board currently forecasts EBITDA of between Euro 800 mn and Euro 1 bn for the entire business year 2020/21".
voestalpine: weekly performance: 2.48%

Andritz: International technology group Andirzt has received a contract from the U.S. Army Corps of Engineers’ Nashville District for rehabilitation of the turbines and generators at Barkley hydroelectric power plant (186 MW), located on the Cumberland River in Western Kentucky near the town of Grand Rivers. Once fully commissioned, power generation is estimated to be approximately 150 GWh per year. The order value is approximately Euro 65 mn. Commissioning of the first unit is expected in September 2023.
Andritz: weekly performance: 11.21%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (10/11/2020)

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