02.06.2024, 3841 Zeichen

Strabag: Construction group Strabag generated an output volume of € 3.4 billion in the first quarter of 2024, a slight increase of 2% compared to the same period of the previous year. The order backlog as at 31 March 2024 remained stable at a high level of € 24.6 billion year-on-year. Compared to the end of 2023, this figure grew by 5%, attributable to successful project acquisitions in the first quarter of the current year. New projects include the construction of a shipping lock in Kriegenbrunn (Germany), the expansion of a rapid transit line in Toronto (Canada) and the construction of a bridge over the river Oder near Nędza (Poland).
Strabag: weekly performance: -0.98%

UBM: As expected, the first quarter failed to bring a trend reversal on the real estate market, but real estate developer UBM can report on progress. UBM Development generated Total Output of €85.0m in the first quarter of 2024, compared with €53.5m in the comparative prior year period. EBT declined from €1.1m in the previous year to €-7.3m. “Our focus for the current year remains consistently on liquidity over profitability. In this respect, our first quarter performance was satisfactory,“ indicated UBM CEO Thomas G. Winkler. UBM expects a significant year-on-year reduction of the loss in 2024, but the protection of liquidity has priority. A return to the profit zone can be expected in 2025, most likely due to the growing supply gap as well as the steady increase in rent levels in all UBM markets. In view of the current market reorganisation, there can be no doubt that the remaining market participants will be able to enjoy above-average benefits.
UBM: weekly performance: -1.00%

VIG: Vienna Insurance Group (VIG) increased its gross written premiums by 11% to EUR 4.3 billion after the first quarter of 2024. With a solvency ratio of 262% as of 31 March 2024, the Group continues to be excellently capitalised. "Due to our successful broad diversification in a growth region, we remain optimistic for business development in 2024 and beyond, despite the continuing geopolitical uncertainties”, says Hartwig Löger, emphasising the focus on the CEE region. With the first quarterly figures for 2024, VIG’s management confirms its outlook to achieve profit before taxes within a range of EUR 825 million to EUR 875 million for the 2024 financial year.
VIG: weekly performance: -6.20%

Warimpex: Warimpex is starting off the year 2024 in a persistently challenging market environment characterised by high interest rates and elevated prices. This is reflected in a weaker profit for the first quarter compared with the same period of the prior year, moving slightly into negative territory (Q1 2024: EUR -0.8 million, Q1 2023: EUR 1.4 million). EBITDA went from EUR 5.6 million to EUR 3.8 million and EBIT from EUR 5.3 million to EUR 3.5 million. Total revenues fell by 6 per cent to EUR 12.1 million. "Despite continued challenges in the real estate industry, operational performance for Warimpex was positive overall in the first quarter with earnings before taxes of EUR 0.3 million. Our current development projects and new lettings in the office segment are proceeding according to plan," reported Warimpex CEO Franz Jurkowitsch.
Warimpex: weekly performance: -4.15%

S Immo: On 28th May 2024, as part of its sales programme in Germany, real estate company S Immo has concluded contracts to sell a large portfolio consisting of 18 German commercial and one residential property with a total property transaction value of EUR 255,000,000 through separate share and asset deals. This corresponds to a discount of roughly 9.5% on the book values as of 31 December 2023, which is primarily due to the fact that this is a portfolio deal.
S Immo: weekly performance: 8.33%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (29/05/2024)

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Aktien auf dem Radar:CA Immo, Immofinanz, Wienerberger, Strabag, Polytec Group, UBM, EVN, Wiener Privatbank, Palfinger, VIG, Mayr-Melnhof, Semperit, Telekom Austria, RBI, ams-Osram, AT&S, Marinomed Biotech, Wolford, Addiko Bank, Oberbank AG Stamm, Zumtobel, Agrana, Amag, Erste Group, Flughafen Wien, Kapsch TrafficCom, Österreichische Post, S Immo, Uniqa, Warimpex, Sartorius.

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