06.11.2022, 6960 Zeichen

Immofinanz: Austrian real estate company Immofinanz has successfully completed the sale of additional office properties. Two office buildings in Vienna were sold to the Austrian Winegg Group for an attractive market price of approximately Euro 60 mn. These two properties have 7,000 sqm of space in total and are occupied by long-term tenants.These property sales involve the offices at “Franz Josefs Kai 27” and “Schreyvogelgasse 2“, top locations in Vienna’s inner city with perfect infrastructure.
Immofinanz: weekly performance: 3.10%

Mayr-Melnhof: Carton board group Mayr-Melnhof reported figures for the first three quarters. The Group’s consolidated sales amounted to Euro 3,450.4 mn (1-3Q 2021: EUR 2,107.1 million). This rise mainly results from the previous year’s acquisitions and passing on cost increases through higher prices. At Euro 452.2 million, an operating profit above the previous year’s value was reached (1-3Q 2021: Euro 177.2 min). The significant rise primarily results from the division MM Board & Paper. Profit for the period rose by Euro 186.8 million to Euro 315.2 mn in the first three quarters of the previous year. CEO Peter Oswald: "For the 4th quarter, we expect impacts from necessary adjustment measures and ongoing selective temporary downtime in the Board & Paper division. Although a recessionary scenario must be assumed for the economy as a whole, most of our business areas are expected to set forth a rather robust development despite further destocking in the supply chain filtering through. In the current rapidly changing environment safeguarding of profitability stays our top priority."
Mayr-Melnhof: weekly performance: 3.47%

Verbund: Austrian utility company Verbund saw a significant improvement in the results posted for the first three quarters. EBITDA rose by 68.0% to Euro 1,933.3 mn. The Group result surged by 81.4% to Euro 1,065.2 mn compared with the same period of the previous year. The earnings forecast for financial year 2022 has been adjusted as a result of the poor water supply in quarter 3/2022 and the EU’s measures to skim off profits at energy companies, which will be implemented beginning December 2022. Based on average own generation from hydropower, wind power and photovoltaic production in fourth quarter and the opportunities and risks currently identified, Verbund expects EBITDA of between approximately Euro 2,800 mn and Euro 3,300m and a reported Group result of between approximately Euro 1,530 mn and Euro 1,880 mn in financial year 2022.
Verbund: weekly performance: -4.67%

AT&S: AT&S, leading manufacturer of high-end printed circuit boards and IC substrates, continued its growth course in the first half of the financial year 2022/23, achieving record revenue and earnings levels. Consolidated revenue improved by 53% to Euro 1,070 mn in the first half of the financial year 2022/23. The positive development was primarily driven by the additional capacity for ABF substrates in Chongqing, China. Furthermore, the strategy to broaden the application portfolio of mobile devices and to promote the module printed circuit board business continues to contribute to the company’s success. EBITDA rose by 141% to Euro 315 mn. The improvement in earnings is primarily attributable to the increase in consolidated revenue. Depending on the market development, AT&S will continue to concentrate on the start-up of the new production capacities at plant III in Chongqing, push ahead the investment project in Kulim and the expansion of the site in Leoben and implement technology upgrades at other locations in the financial year 2022/23. In view of the highly volatile environment, the ongoing investment projects will be reviewed at frequent intervals and adapted to the respective current situation if required.
AT&S: weekly performance: 2.85%

RBI: Raiffeisen Bank International (RBI) reported resutls for the first nine month. Excluding Russia and Belarus, net interest income up 38% year-over-year in the first three quarters of 2022 to Euro 2,399 mn). Net fee and commission income, also excluding Russia and Belarus, up 18% year-over-year to 1,287 mn). Consolidated profit (11% ROE) excluding Russia and Belarus as well as gain on sale of the Bulgarian units came in at  Euro 822 mn.  Loan growth in Q3/2022 was 1.3%, driven by CE and SEE, flat volumes in Group Corporates & Markets and a reduction in EE. Risk costs were Euro 160 mn booked in Q3/2022, bringing the total year-to-date to Euro 721 mn. The CET1 ratio is 14.6% (transitional, incl. result), driven by strong consolidated profit and stable RWA in Q3.
RBI: weekly performance: 4.82%

Kontron: Austrian based IoT group Kontron AG has successfully completed Q3 of 2022 with solid figures. At Euro 755.0 mn, revenues in Continued Operations (CO) were 9.6% higher in the first nine months than in the previous year. EBITDA from Continued Operations rose to Euro 69.5 million in the first nine months of 2022 compared to Euro 63.0 million in the same period of the previous year.  Hannes Niederhauser, CEO Kontron AG: "Despite the current market environment, the results of the first nine months and our order situation make us optimistic for 2022 and 2023. We therefore expect ongoing double-digit growth for Continued Operations to around EUR 1,100 million revenue in 2022. Operating net income is expected to rise by 16% to around EUR 56 million, and the unadjusted figure following gains from the sale of IT services will be even higher. Starting in 2023, we plan to replace the lost revenue from IT services with IoT acquisitions in the short term and expect growth as well as an increase in revenue to Euro 2,000 mn by 2025 with a significantly increased EBITDA margin of 13%.
Kontron: weekly performance: -0.35%

Pierer Mobility: MV Agusta and Pierer Mobility have agreed on a strategic cooperation. Within the framework of this strategic partnership between the two European motorcycle manufacturers, KTM AG, a subsidiary of Pierer Mobility AG, will provide MV Agusta with supply chain support and take over the purchasing. Furthermore, in the course of this cooperation, MV Agusta will partly distribute its product range via PIERER Mobility’s worldwide distribution network. Furhter, KTM AG will acquire a 25.1% stake in MV Agusta Motor S.p.A., based in Varese (Italy), by way of a capital increase.
Pierer Mobility: weekly performance: 5.50%

Apeiron: Apeiron Respiratory Therapies GmbH (“AResT”), a privately held biotech company focusing on the discovery and development of treatments for respiratory diseases, today announces positive final results from a Phase I clinical trial of inhaled APN01, a soluble recombinant version of the SARS-CoV-2 cell entry receptor ACE2. The study met all primary and secondary endpoints, with all results indicating that the inhalation of APN01 at all dosage levels used in the trial is safe and well tolerated.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (03/11/2022)

Christian Drastil: Wiener Börse Plausch

Börsepeople im Podcast S12/08: Robert Abend

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Aktien auf dem Radar:Amag, Palfinger, SBO, Addiko Bank, Flughafen Wien, Austriacard Holdings AG, EVN, EuroTeleSites AG, Pierer Mobility, Semperit, Bawag, Kostad, Wolford, Oberbank AG Stamm, Polytec Group, ams-Osram, Agrana, CA Immo, Erste Group, Immofinanz, Kapsch TrafficCom, Mayr-Melnhof, OMV, Österreichische Post, Strabag, Telekom Austria, Uniqa, VIG, Wienerberger, Covestro, Sartorius.

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