21st Austria weekly - CA Immo, S Immo, VIG (28/08/2024)

CA Immo: Austrian based real estate company CA Immo recorded a 3% increase in rental income to €121.4m despite the sale of non-strategic properties. This development is primarily due to higher rental income in the portfolio and the completion of project developments in previous years, which more than compensated for the decline in rental income from the sale of non-strategic properties as part of the strategic capital rotation program.  The result from property sales amounted to €2.0m as at 30.6.2024 after €112.3m in the prior-year period.   Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at €77.5m, 58% below the previous year´s figure (30.6.2023: €184.6m), mainly due to the lower sales result.  The revaluation result totaled €–119.1 m (30.6.2023: €–146.6m), which corresponds to a decrease of around 2.3% of FY 2023 Gross Asset Value.  At €–49.1m, consolidated net result was below the previous year's figure of €13.5m. Earnings per share amounted to €–0.50 on the balance sheet date (€0.14 per share as at 30.6.2023).
CA Immo: weekly performance: -3.69%

S Immo: In the first half-year of 2024, total revenues of Austrian based real estate company S Immo increased from EUR 137.8m to EUR 185.6m compared to the same period of the previous year. This improvement is mainly due to acquisitions of profitable rented properties in the Czech Republic and Austria in 2023 and 2024 and a good like-for-like performance. Like rental income and revenues from operating costs, property expenses were influenced by transactions and increased from EUR 42.8m in the first half-year of 2023 to EUR 54.0m, mainly as a result of higher expenses for operating and maintenance costs. The result from hotels operations remained at a high level, totalling EUR 8.0m (HY 2023: EUR 8.0m). The property valuation result was slightly negative at EUR -9.2m (HY 2023: EUR -21.3m), albeit improving versus the previous year. Thanks to the rise in rental income, gross profit improved from EUR 73.0m to EUR 108.6m – up by 49%.
S Immo: weekly performance: 0.00%

VIG: The first half of 2024 at Vienna Insurance Group (VIG) saw the total volume of gross written premiums climb to EUR 7,886.8 million, an increase of 7.9% compared to the previous year. Premiums rose not only in all segments but in all lines of business too. Particularly positive premium growth was reported in the Special Markets segment (Germany, Georgia, Liechtenstein, and Türkiye) with an increase of 32.0%, in the Extended CEE segment (Albania incl. Kosovo, the Baltic States, Bosnia-Herzegovina, Bulgaria, Croatia, Hungary, Moldova, North Macedonia, Romania, Serbia, Slovakia, and Ukraine) with a growth of 11.5%, and in Austria with a premium increase of 6.5%. Profit before taxes rose to EUR 481.0 million in the first half of 2024. This increase of 3.9% is mainly attributable to Austria, Poland, and Extended CEE. 
VIG: weekly performance: 1.30%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (28/08/2024)

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Bildnachweis

1. CA Immo verkauft Donau Business Center am Handelskai, Credit/Bildquelle: CA Immo   >> Öffnen auf photaq.com

Aktien auf dem Radar:CA Immo, Immofinanz, Mayr-Melnhof, Austriacard Holdings AG, Lenzing, Frequentis, Erste Group, ATX, ATX TR, Andritz, AT&S, EVN, RBI, Semperit, Addiko Bank, Cleen Energy, Marinomed Biotech, RWT AG, Stadlauer Malzfabrik AG, EuroTeleSites AG, Oberbank AG Stamm, Flughafen Wien, Agrana, Amag, OMV, Palfinger, Österreichische Post, S Immo, Telekom Austria, Uniqa, VIG.

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