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21st Austria weekly - Lenzing, VIG, Strabag, Palfinger (31/05/2023)

04.06.2023, 2526 Zeichen


Lenzing: The Lenzing Group, a world-leading provider of specialty fibers for the textile and nonwoven industries, has received further scientific proof that Lenzing fibers are biodegradable in the ocean and revert to being part of the ecosystem at the end of their life cycle. Scientists at the prestigious academic research institute Scripps Institution of Oceanography (SIO) at the University of California, San Diego confirmed back in 2021 that Lenzing™ Lyocell fibers completely biodegrade in sea-surface conditions in a remarkably short time. In a second study published in May 2023 , the biodegradability of Lenzing™ Lyocell fibers, Lenzing™ Viscose fibers and Lenzing™ Modal fibers on the sea floor was also confirmed, providing definitive proof that they are a better alternative to petroleum-based fibers. The assessments are the result of an independent project aimed at understanding end-of-life scenarios for textiles and nonwovens that are discarded as waste in the environment.
Lenzing: weekly performance: 3.24%

Palfinger: Alexander Susanek, former Managing Director of BMW Motoren GmbH in Steyr and previous Head of Engine Production at the BMW Group, will take on the role of COO on the Palfinger AG executive board as of July 1, 2023 and will be largely responsible for the ongoing transformation process.
Palfinger: weekly performance: 1.40%

Vienna Insurance Group (VIG): In the first quarter, VIG Group generated a total premium volume of EUR 3,871 million. This corresponds to an increase of 12.1% compared to the same period of the previous year. The increase can be attributed both to very good business development in the CEE markets and to the initial consolidation of the acquired Aegon Group companies in Hungary and Türkiye. Even without the initial consolidation of these companies, the premium growth is 7.1%. All VIG segments (Austria, Czech Republic, Poland, Extended CEE, Special Markets and Group Functions) achieved premium increases.
VIG: weekly performance: -5.80%

Strabag: The publicly listed European technology group for construction services Strabag SE generated an output volume of € 3.4 billion in the first quarter of 2023, a double-digit increase of 10% compared to Q1/2022, partly attributable to the inflationary environment. The order books grew by a further 3% from the already high comparison value at the end of 2022 to reach a new record of € 24.5 billion.
Strabag: weekly performance: 3.27%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (31/05/2023)



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