21st Austria weekly - Porr, Palfinger, Amag, FACC (25/02/2021)

Porr:  The nomination committee of the Supervisory Board has today nominated Jürgen Raschendorfer as member of the Executive Board of Porr AG as of 8 March 2021. The corresponding resolutions were passed in the subsequent Supervisory Board meeting. As member of the Executive Board of Porr AG Jürgen Raschendorfer will be responsible for Poland, Norway, GCC (Dubai, Qatar), tunneling and infrastructure.
Porr: weekly performance: 2.14%

Palfinger:  In fiscal year 2020, the Group revenues of lifting solutions provider Palfinger was Euro 1,533.9 mn, down from Euro 1,753.8 mn the previous year. In comparison to 2019, the EBITDA decreased by 15.6 percent to Euro 188.7 mn. The EBIT decreased to Euro 100.3 mn from Euro 149.0 mn in 2019. The EBIT margin decreased from 8.5 percent in 2019 to 6.5 percent in 2020. Consolidated net result in 2020 declined 37.8 percent to Euro 49.8 mn in comparison to a record of Euro 80.0 mn in 2019. In 2021, Palfinger strives for annual revenue over Euro 1.7 bn and an EBIT margin of 8 percent. For 2024 the financial targets are Euro 2.0 bn in revenue from organic growth, an average EBIT margin of 10 percent and an average ROCE of 10 percent over the business cycle.
Palfinger: weekly performance: -4.32%

Amag: Amag Group, premium supplier of high-quality aluminium cast and flat rolled products, reported sales of Euro 904.2 mn in 2020 after Euro 1,066 mn in the previous year. Earnings before interest, tax, depreciation and amortisation (EBITDA) decreased year-on-year from Euro 143.0 mn to Euro 108.2 mn. CEO Gerald Mayer: "The year 2020 highlighted in particular the importance of a solid business model and a stable financial position. We have achieved a lot during a challenging period, successfully adjusting structural costs to lower capacity utilisation in the short term, as well as developing the company strategically during the crisis. We have, for example, achieved initial marketing successes with around 30 new products, and by investing in Aircraft Philipp we have seized the opportunity to extend our value chain."
Amag: weekly performance: 3.42%

FACC: Aerospace supplier FACC AG generated annual sales of Euro 526.9 mn in the 2020 financial year, which was heavily impacted by the COVID-19 pandemic. The significant decline in sales is based on negative downward adjustments of production rates for all aircraft programs that are essential for FACC. Whereas sales in July and August in particular were characterized by reduced customer demand, a positive dynamic was visible from September onwards, which led to more evenly distributed monthly sales in Q4 2020. The reported EBIT is Euro -74.4 mn and includes negative one-off effects of Euro -47.6 mn. Around Euro 12 mn of those one-off effects relate to expenses for staff lay-off in the fourth quarter. The net financial debt as of December 31st, 2020 is around Euro 232 mn.
FACC: weekly performance: -5.86%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (25/02/2021)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #631: XXL-Folge mit ATX in Zürs, Thieme-Einschätzung zum ATX, Missverständnis Matejka und Poetry Slam

Bildnachweis

1. Porr stellt Infrastruktur-Expertise in Rumänien unter Beweis (Copyright: © Porr)

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