21st Austria weekly - Porr, Zumtobel (03/07/2024)

Verbund, Porr, beide börsenotiert, (© https://de.depositphotos.com)  >> Öffnen auf photaq.com

Porr: The General Directorate for National Roads and Motorways (GDDKiA) in Poland has commissioned Austrian based construction group PORR to upgrade another section of the S16. The existing 18 km-long section of the DK16 from Barczewo to Biskupiec will be converted into an expressway. As part of the contract, PORR will also build a second traffic lane. The contract, worth around EUR 86m (PLN 372m), includes recycling the old asphalt and installing a lighting for the intersections, that uses renewable energy sources.
Porr: weekly performance: -1.43%

Zumtobel: The lightning group Zumtobel was confronted with challenging economic conditions during the 2023/24 financial year, which had a negative impact, above all, on the components business. The Lighting Segment made good progress in this challenging market environment with only a slight 1.5% reduction in revenues. In total, the company recorded a decline of 6.8% in revenues to EUR 1,127.0 million, after an adjustment for foreign exchange effects the decline equalled 5.8%. Adjusted EBIT totalled EUR 57.3 million, compared with EUR 84.3 million in the previous year. The adjusted EBIT margin equalled 5.1% and reached the middle of the expected range between 4 and 6%. Below the line, net profit totalled EUR 24.7 million. "We successfully reached a number of key turning points for the future during the past financial year – starting with the successful market presentation of our new Keyture product brand for the Internet of Things to the implementation of numerous projects to accelerate our digital transformation and further progress towards meeting our sustainability goals", commented Alfred Felder, CEO of the Zumtobel Group.
Zumtobel: weekly performance: -1.29%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (03/07/2024)

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1. Verbund, Porr, beide börsenotiert , (© https://de.depositphotos.com)   >> Öffnen auf photaq.com

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