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21st Austria weekly - Andritz, Verbund, Amag (29/07/2021)

01.08.2021

Andritz: At the end of the Annual General Meeting deciding on the discharge for the 2021 business year (scheduled for April 12, 2022), Wolfgang Leitner will end his functions on the Andritz AG Executive Board – after 34 years of successful work there, thereof 27 years as President and CEO. As from April 2022, the new President and CEO will be Joachim Schönbeck, who has been a member of the Andritz Executive Board since October 2014.
Andritz: weekly performance: -1.02%

Verbund: The results posted by utility company Verbund for quarters 1–2/2021 were very gratifying. EBITDA increased by 2.5% to Euro 654.9m, and the Group result rose by 4.5% to Euro 324.5 mn. The adjusted Group result increased by 4.7% to Euro 315.2m. Based on expectations of average own generation from hydropower and wind power in quarters 3–4/2021 and the opportunities and risks identified, Verbund currently expects EBITDA of between around Euro 1,310 mn and Euro 1,410 mn and a Group result of between around Euro 590 mn and Euro 660 mn in financial year 2021.
Verbund: weekly performance: -7.60%

Amag: Amag Austria Metall AG, supplier of high-quality aluminium cast and flat rolled products for highly varied industries such as the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries, continued to benefit from the positive market environment after a solid start to the first quarter of 2021 and achieved an increase in revenue from Euro 463.8 mn in H1/2020 to Euro 595.1 mn in the first half of 2021 (+28.3%). Earnings before interest, tax, depreciation and amortization (EBITDA) reported significant growth from Euro 59.3 mn in the first six months of the previous year to the current figure of Euro 93.6 mn. Gerald Mayer, CEO of AMAG Austria Metall AG: "We were well equipped for the rapid market recovery, which enabled us to take advantage of the positive economic environment. Due to the attractive price situation in the Metal Division and a gratifying trend in shipments at the Ranshofen site, we not only exceeded the pre-crisis level, but even achieved the best half-year result in AMAG's history."
Amag: weekly performance: -0.54%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (29/07/2021)


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21st Austria weekly - Andritz, Verbund, Amag (29/07/2021)


01.08.2021


Andritz: At the end of the Annual General Meeting deciding on the discharge for the 2021 business year (scheduled for April 12, 2022), Wolfgang Leitner will end his functions on the Andritz AG Executive Board – after 34 years of successful work there, thereof 27 years as President and CEO. As from April 2022, the new President and CEO will be Joachim Schönbeck, who has been a member of the Andritz Executive Board since October 2014.
Andritz: weekly performance: -1.02%

Verbund: The results posted by utility company Verbund for quarters 1–2/2021 were very gratifying. EBITDA increased by 2.5% to Euro 654.9m, and the Group result rose by 4.5% to Euro 324.5 mn. The adjusted Group result increased by 4.7% to Euro 315.2m. Based on expectations of average own generation from hydropower and wind power in quarters 3–4/2021 and the opportunities and risks identified, Verbund currently expects EBITDA of between around Euro 1,310 mn and Euro 1,410 mn and a Group result of between around Euro 590 mn and Euro 660 mn in financial year 2021.
Verbund: weekly performance: -7.60%

Amag: Amag Austria Metall AG, supplier of high-quality aluminium cast and flat rolled products for highly varied industries such as the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries, continued to benefit from the positive market environment after a solid start to the first quarter of 2021 and achieved an increase in revenue from Euro 463.8 mn in H1/2020 to Euro 595.1 mn in the first half of 2021 (+28.3%). Earnings before interest, tax, depreciation and amortization (EBITDA) reported significant growth from Euro 59.3 mn in the first six months of the previous year to the current figure of Euro 93.6 mn. Gerald Mayer, CEO of AMAG Austria Metall AG: "We were well equipped for the rapid market recovery, which enabled us to take advantage of the positive economic environment. Due to the attractive price situation in the Metal Division and a gratifying trend in shipments at the Ranshofen site, we not only exceeded the pre-crisis level, but even achieved the best half-year result in AMAG's history."
Amag: weekly performance: -0.54%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (29/07/2021)




 

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