21st Austria weekly - Bawag, Frequentis, OMV (28/07/2020)

Bawag: Banking group Bawag reported results for the first half 2020 with a net profit of 122 mn, earnings per share of Euro 1.39 and a RoTCE of 8.8%. The first half 2020 was marked by the outbreak of COVID-19. The underlying operating performance of our business remained solid in the first half 2020 with pre-provision profits of Euro 330 mn and a cost-income ratio of 43%. To address the deteriorating macroeconomic environment as well prudently provision against the observed build-up of customer payment deferrals due to COVID-19, a general reserve of approximately Euro 65 mn was posted in the first half 2020, leading to total risk costs of Euro 130 mn. This assumes the most severe economic scenarios published by the ECB for the Euro area of -12.6% GDP decline in 2020, followed by a recovery of 3.3% in 2021. The bank’s capital position remained strong, with a fully loaded CET1 ratio of 13.4% post deduction of dividends. The Bank continues to deduct the full year 2019 (€ 230 million) and first half 2020 (Euro 61 mn) dividends from capital and will wait for further guidance from our regulators regarding capital distributions.
Bawag: weekly performance: -1.53%

Frequentis: The Frequentis Group, international provider of communication and information systems for safety-critical control centres, is the global leader in Aeronautical Message Handling System (AMHS), with systems already in use in around 90 countries worldwide. Current projects confirm the company’s strong market position: The French air navigation service provider DSNA has recently opted for an AMHS system from Frequentis Comsoft to further expand airspace communication and fully support the AMHS service profiles of ICAO. AMHS is also successfully operating in Chile. The Chilean air traffic control is not only responsible for Chile itself, with a length of more than 5,500 km, but also for a large part of the southern Pacific and Antarctic airspace. The improvement of the air traffic services in this region is a major concern – the new system is significantly contributing to the modernisation and extension of these services. After Colombia, Peru and Venezuela, Chile is the fourth country in the South American region to rely on a Frequentis Comsoft AMHS as its central messaging system.
Frequentis: weekly performance: 3.12%

OMV: Austrian oil and gas company OMV intends to issue a new perpetual, subordinated bond in one or several tranches, with a total volume of up to Euro 1.5 bn. The proceeds shall be used for the purpose of financing the acquisition of an additional 39% share in Borealis AG as well as for general corporate purposes, the company stated.
OMV: weekly performance: -9.61%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (28/07/2020)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #633: Heute April Verfall, Ex-Marinomed-Investor in Troubles und die Radio-Studios A, B, C und vielleicht D

Bildnachweis

1. Österreichische Post eröffnet 13 neue Filialen in Wien, Notwendig wurden die neuen Standorte auf Grund der Entflechtung von BAWAG P.S.K. und Österreichischer Post, in Zuge dessen die Post bis Ende 2019 aus 42 Bankfilialen in Wien ausziehen muss. Im Bild: Post-Generaldirektor DI Dr. Georg Pölzl Bezirksvorsteher Floridsdorf Georg Papai, Credit: Österreichische Post

Aktien auf dem Radar:Palfinger, Amag, SBO, Flughafen Wien, AT&S, Frequentis, EVN, EuroTeleSites AG, CA Immo, Erste Group, Mayr-Melnhof, S Immo, Uniqa, Bawag, Pierer Mobility, ams-Osram, Addiko Bank, Wiener Privatbank, SW Umwelttechnik, Oberbank AG Stamm, Kapsch TrafficCom, Agrana, Immofinanz, OMV, Österreichische Post, Strabag, Telekom Austria, VIG, Wienerberger, Warimpex.

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