10.07.2022, 2148 Zeichen

Uniqa: When preparing the closing for the first half of 2022, Uniqa Insurance Group AG (UNIQA) identified a potential need for impairment of Russian bonds in the amount of Euro 127 mn. The impairment concerns Russian government and corporate bonds with an aggregate acquisition cost of €156 million that are denominated in euros, US dollars and Russian roubles and are held by Uniqa in Group companies outside Russia. Notwithstanding this impairment, Uniqa expects to post earnings before taxes in the range of €145–165 million for the first half of 2022 based on otherwise good net investment income and solid performance in its core underwriting business (first half of 2021: Euro 216 mn).

OMV: On June 3, 2022, while performing a legally required water pressure test in the finalization phase of the planned OMV Schwechat refinery turnaround, damage occurred to the outer shell of one of the columns of the crude oil distillation unit. Due to optimization measures at a smaller crude distillation unit, the refinery is currently operating at around 20% capacity. OMV has in place both business interruption and property damage insurance for the Schwechat refinery. Customary, market- standard deductibles (for property damage) and waiting periods (for business interruption) apply. The business interruption insurance has a waiting period of 60 days. The property damage deductible is around USD 40 mn. OMV expects the total financial impact from the incident to be around Euro 200 mn. The impact in June is around Euro 90 mn. The refinery is expected to be fully operational and fully utilized again in the second half of Q3/22.

Rath: Refractory company Rath Aktiengesellschaft has placed a promissory note loan in the amount of 40 million euros with maturities of 5 and 7 years. The transaction comprises tranches with both fixed and variable interest rates. The placement was made with institutional investors from Austria and Germany. Rath Aktiengesellschaft is using the transaction proceeds to refinance upcoming repayments and to secure long-term liquidity.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (08/07/2022)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #880: ATX runter, mein George macht Druck, Börse-Mitarbeiter des Monats, FACC beim Österreichischen Aktientag

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Aktien auf dem Radar:Flughafen Wien, Addiko Bank, DO&CO, Austriacard Holdings AG, RHI Magnesita, Zumtobel, Bawag, AT&S, CA Immo, Kapsch TrafficCom, Marinomed Biotech, Mayr-Melnhof, OMV, Polytec Group, RBI, Rosenbauer, SBO, Semperit, Oberbank AG Stamm, Agrana, Erste Group, FACC, Wienerberger, Amag, Österreichische Post, Telekom Austria, Uniqa, VIG.

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