21st Austria weekly - ams, RHI Magnesita, Wienerberger, Agrana (16/09/2019)

ams: ams, a leading worldwide supplier of high performance sensor solutions, announces that it expects to hold an extraordinary general meeting around the end of October 2019 to approve the equity issuance in conjunction with the all-cash takeover offer for Osram Licht AG. The invitation to the EGM will be published in due course, including further details on the proposed Euro 1.5 bn equity issuance to partially refinance the Euro 4.2 billion acquisition bridge facility in conjunction with the Offer. This decision reflects the positive feedback ams has received from shareholders and investors during a global investor roadshow over the last two weeks. Based on extensive interaction with investors in Europe, the US and Asia, ams sees strong support for its strategic vision including Osram which is reinforcing ams' conviction for the Offer. Capitalising on this positive momentum, ams intends to lower the acceptance threshold of the Offer to 62.5% from the previous 70% to de-risk the Offer reflecting further analysis of Osram's shareholder base, and achieve success sooner. ams continues to encourage all Osram shareholders to tender into the Offer. All other terms and conditions of the Offer remain unchanged and the Offer is due to expire on 1 October 2019 at midnight (CEST).
AMS: weekly performance: -2.16%

RHI Magnesita: As announced previously, RHI Magnesita continues to consider a potential transaction involving Kumas Manyezit Sanayi AS, and the Company has now signed a non-binding letter of intent with the sellers, Yıldız Holding A.Ş and Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. The Letter of Intent allows, in particular, the Company to commence the competition clearance process and other regulatory filings. There can be no certainty that any transaction will occur.
RHI Magnesita: weekly performance: -0.25%

Wienerberger: On the occasion of its Capital Markets Day, the Wienerberger Group, a leading international supplier of innovative solutions for the building envelope and smart infrastructure, announces a new capital distribution policy. The company intends to distribute 20-40% of the free cash flow to its shareholders in the form of dividends and share buybacks. To date, Wienerberger's distribution policy has been 10-30% of the free cash flow after deduction of the costs of hybrid capital. To date, Wienerberger's distribution policy has been 10-30% of the free cash flow after deduction of the costs of hybrid capital. "We are experiencing profitable growth and have most recently generated the best half-year result in the 200-year history of our company. We want our shareholders to benefit more strongly from this successful performance", says Chairman of the Managing Board Heimo Scheuch.
Wienerberger: weekly performance: 0.00%

Agrana: Agrana's operating profit (EBIT) in the second quarter of 2019|20 (the period from 1 June to 31 August 2019) was Euro 20.8 mn, significantly less than in the second quarter of 2018|19 (26.0 mn). Group revenue in the latest three-month period was Euro 611.6 mn (Q2 prior year: Euro 630.7 mn). In the Fruit segment, due to the first-half earnings trend in the fruit preparations business, and in expectation of a weaker apple harvest for the fruit juice concentrate activities, a significant EBIT decrease is now expected for the full financial year as well. However, thanks to significant earnings improvements in the Starch and Sugar segments, Agrana reaffirms the forecast of significant growth in Group EBIT for the current 2019|20 financial year.
Agrana: weekly performance: -1.87%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (16/09/2019)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #636: Marcel Hirscher läutet wieder die Opening Bell und ich denke dabei an Palfinger und Raiffeisen

Bildnachweis

1. ams, Michael Wachsler-Markowitsch, Chief Financial Officer; Quelle: ams.com

Aktien auf dem Radar:Addiko Bank, Immofinanz, Marinomed Biotech, Flughafen Wien, Warimpex, EuroTeleSites AG, ATX Prime, ams-Osram, AT&S, Palfinger, RBI, Strabag, Pierer Mobility, UBM, CA Immo, Frequentis, Lenzing, SW Umwelttechnik, Oberbank AG Stamm, Wolford, Agrana, Amag, Erste Group, EVN, Kapsch TrafficCom, OMV, Österreichische Post, Telekom Austria, Uniqa, VIG, Wienerberger.

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