22.08.2021, 3627 Zeichen

UBM: UBM Development handed over the barany.7 residential complex it had developed to the Buwog real estate group. The property, located at Baranygasse 7 in Vienna’s 22nd district, comprises 126 apartments and was already sold to Buwog at the end of 2019 in the form of a forward sale. As a special feature, six of the seven identical buildings were built using conventional construction methods – but one, the four-story “House 3” with 12 apartments, was built of wood. With this pilot project, UBM wanted to prove the ecological and economic competitiveness of modern timber construction.
UBM: weekly performance: -0.47%

VIG: Vienna Insurance Group’s (VIG) figures for the first half of 2021 show positive results. Premium volume followed a significant upward trend in spite of the varying effects of Covid-19 in VIG markets, rising 3.5% to Euro 5,773 mn. With the exception of single premium life insurance, all lines of business recorded premium increases. The result before taxes of Euro 251.4 mn was 25% above the value in the previous year and includes provisions for Covid-19 and adverse weather events. The result after taxes and non-controlling interests was Euro 186.3 mn for the first half of 2021, up by 47.5%.“VIG Group business development is continuing at the level before the coronavirus pandemic. The significant increase both in premium volume and in profit was achieved in an environment that remains challenging, as the pandemic continued during the first half of the year and affected our everyday life to varying degrees. I consider our business model, which gives all regional Group companies the entrepreneurial freedom needed to tailor products and solutions to meet local needs, as a positive factor in our stable development. It allows us, as the largest international insurance group in Central and Eastern Europe, to act quickly and individually in the different situations in each country in our region”, explains CEO Elisabeth Stadler. She adds: "We are confident that we will achieve our targets for 2021, not least because of our prudent reserving policy. Therefore, we can confirm our forecast of achieving around Euro 10.4 bn for premium volume and a profit before taxes in the range of Euro 450 mn to Euro 500 mn. Our combined ratio is expected to be around 95%”, states Elisabeth Stadler, confirming the forecast for 2021.
VIG: weekly performance: 0.40%

FACC: After the challenges of 2020, the aerospace market is once again showing signs of stability. FACC AG, leading aerospace company in design, development and production of aerospace technologies and advanced aircraft lightweight systems, reacted quickly and focused to the changed framework conditions during the pandemic, and is now consistently taking advantage of the industry recovery. The half-year revenues of Euro 240.2 mn for 2021 are on target and reflect the market recovery. With the implemented measures, the company achieved a turnaround of Euro 37.3 mn and a half-year result of Euro 2.9 mn. “Our goal was the turnaround and we have successfully achieved it. FACC responded quickly to the sudden challenges with a stringent efficiency enhancement program. In addition to the necessary adjustments in the core aerospace business, we have expanded our strategy to include drones and space applications," reports Robert Machtlinger, CEO of FACC AG. "We are noticing a steady recovery in the aerospace market after the first six months, and the forecasts for 2022 also promise a further increase in demand."
FACC: weekly performance: 0.24%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (18/08/2021)

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