21st Austria weekly - Pierer Mobility, wienerberger (21/10/2024)

27.10.2024

Pierer Mobility: The difficult macroeconomic conditions are lasting longer than expected. The European economy is stagnating, with the important German market in particular in recession. In the USA, consumer purchasing power remains low due to the high cost of living and the long period of expensive consumer credit. As a result of these circumstances, PIERER Mobility will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year, and is revoking its guidance for the 2024 financial year. A new review of non-cash value adjustments will also be carried out by the end of the year. In the course of the reorientation of PIERER Mobility, the Executive Board of the listed holding company will be reduced from six to two members: Stefan Pierer (CEO) and Gottfried Neumeister (Co-CEO).
Pierer Mobility: weekly performance: -35.71%

wienerberger: wienerberger, provider of innovative, ecological solutions for the entire building envelope, in the fields of new build and renovation, as well as infrastructure in water and energy management, hosted its first-ever Investor Day on October 17 in Sittingbourne, UK. The event centered around the theme "It's All About Growth" highlighted the company’s strategic focus on delivering innovative, sustainable construction solutions for buildings and infrastructure to investors and analysts. Attendees were given a behind-the-scenes look at the FloPlast piping facility, providing valuable insights into cutting-edge technology and production processes. Key highlights of the event included in-depth presentations on wienerberger’s European Piping Operations and Roofing Business, emphasizing the company’s commitment to innovation, sustainability, and future growth.
Wienerberger: weekly performance: -0.07%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/10/2024)


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21st Austria weekly - Pierer Mobility, wienerberger (21/10/2024)


27.10.2024, 1938 Zeichen



Pierer Mobility: The difficult macroeconomic conditions are lasting longer than expected. The European economy is stagnating, with the important German market in particular in recession. In the USA, consumer purchasing power remains low due to the high cost of living and the long period of expensive consumer credit. As a result of these circumstances, PIERER Mobility will fall short of expectations in terms of revenue and earnings, as well as with regard to the reduction in working capital and net debt in the current financial year, and is revoking its guidance for the 2024 financial year. A new review of non-cash value adjustments will also be carried out by the end of the year. In the course of the reorientation of PIERER Mobility, the Executive Board of the listed holding company will be reduced from six to two members: Stefan Pierer (CEO) and Gottfried Neumeister (Co-CEO).
Pierer Mobility: weekly performance: -35.71%

wienerberger: wienerberger, provider of innovative, ecological solutions for the entire building envelope, in the fields of new build and renovation, as well as infrastructure in water and energy management, hosted its first-ever Investor Day on October 17 in Sittingbourne, UK. The event centered around the theme "It's All About Growth" highlighted the company’s strategic focus on delivering innovative, sustainable construction solutions for buildings and infrastructure to investors and analysts. Attendees were given a behind-the-scenes look at the FloPlast piping facility, providing valuable insights into cutting-edge technology and production processes. Key highlights of the event included in-depth presentations on wienerberger’s European Piping Operations and Roofing Business, emphasizing the company’s commitment to innovation, sustainability, and future growth.
Wienerberger: weekly performance: -0.07%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/10/2024)



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