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21st Austria weekly - UBM, Bawag (19/10/2022)

23.10.2022

UBM: Following gold in the initial assessment last year, UBM Development has now been awarded platinum by EcoVadis, the highest rating awarded by EcoVadis. This puts UBM in the top one percent of all 100,000 companies assessed by EcoVadis worldwide. The assessment covers the four most important topics in the area of sustainability on the basis of 21 indicators: environment, labor and human rights, ethics and sustainable procurement. In all four categories, UBM Development performs well above the industry average – not least due to the consequent implementation of the ambitious goals and measures, which are also communicated extensively and transparently in the ESG report. “For us, sustainability is not only anchored in the group strategy green. smart. and more. but sustainability is an attitude for us,” says Thomas G. Winkler, CEO of UBM Development AG.
UBM: weekly performance: -0.72%

Bawag: Bawag Group today released its results for the third quarter 2022, reporting a net profit (excluding City of Linz) of Euro 132 mn and a RoTCE of 19.3%. The third quarter 2022 incorporated the full write-off of the City of Linz receivable. In August, the Austrian Supreme Court ruled that the swap contract entered between Bawag and the City of Linz 15 years ago was invalid. As a result of the ruling, we took a pre-tax write-off of Euro 254 mn, equal to Euro 190 mn impact after tax, related to the City of Linz receivable on the balance sheet. Net loss in Q3 including City of Linz was Euro -58 mn.
Bawag: weekly performance: 1.09%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (19/10/2022)


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21st Austria weekly - UBM, Bawag (19/10/2022)


23.10.2022, 1620 Zeichen



UBM: Following gold in the initial assessment last year, UBM Development has now been awarded platinum by EcoVadis, the highest rating awarded by EcoVadis. This puts UBM in the top one percent of all 100,000 companies assessed by EcoVadis worldwide. The assessment covers the four most important topics in the area of sustainability on the basis of 21 indicators: environment, labor and human rights, ethics and sustainable procurement. In all four categories, UBM Development performs well above the industry average – not least due to the consequent implementation of the ambitious goals and measures, which are also communicated extensively and transparently in the ESG report. “For us, sustainability is not only anchored in the group strategy green. smart. and more. but sustainability is an attitude for us,” says Thomas G. Winkler, CEO of UBM Development AG.
UBM: weekly performance: -0.72%

Bawag: Bawag Group today released its results for the third quarter 2022, reporting a net profit (excluding City of Linz) of Euro 132 mn and a RoTCE of 19.3%. The third quarter 2022 incorporated the full write-off of the City of Linz receivable. In August, the Austrian Supreme Court ruled that the swap contract entered between Bawag and the City of Linz 15 years ago was invalid. As a result of the ruling, we took a pre-tax write-off of Euro 254 mn, equal to Euro 190 mn impact after tax, related to the City of Linz receivable on the balance sheet. Net loss in Q3 including City of Linz was Euro -58 mn.
Bawag: weekly performance: 1.09%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (19/10/2022)



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