21st Austria weekly - Verbund, Semperit, Addiko (07/11/2024)

Verbund: Utility company VERBUND released results and reported a decline in EBITDA by 26.0% year-on-year to €2,625.2m. The Group result was down 30.0% to €1,387.2m and the Group result after adjustment for non-recurring effects was down 25.7% year-on-year at €1,485.7m. The water supply, which was well above average, bolstered earnings. At 1.07, the hydro coefficient for the run-of-river power plants was 14 percentage points above the prior-year figure and 7 percentage points higher than the long-term average. Earnings were hard-hit by the sharp drop in futures prices for wholesale electricity that were relevant for the reporting period.
Verbund: weekly performance: -4.52%

Semperit: In the first three quarters of 2024, the elastomer company Semperit Group increased EBITDA by 11.9% to EUR 63.9 million and significantly improved earnings after tax to EUR 7.1 million, compared with EUR –26.8 million in the same period of the previous year. With revenue of EUR 506.6 million (–2.5%), the EBITDA margin increased to 12.6%, mainly due to the cost-cutting program initiated early in 2023. The EBITDA guidance for 2024 is confirmed at around EUR 80 million.
Semperit: weekly performance: 2.68%

Valneva: Valneva, an Austrian/Frenche specialty vaccine company, today reported consolidated financial results for the first nine months of the year. Valneva’s total revenues were €116.6 million in the nine months ended September 30, 2024 compared to €111.8 million in the nine months ended September 30, 2023. Valneva’s total product sales reached €112.5 million in the first nine months of 2024 compared to €106.1 million in the same period of 2023. In the first nine months of 2024, Valneva generated a net profit of €24.7 million, mainly resulting from the sale of the PRV in February 2024. This compared to a net loss of €69.3 million in the first nine months of 2023.
Valneva: weekly performance: -8.97%

Addiko: Addiko Group, a Consumer and SME specialist bank active across Central and South-Eastern Europe (CSEE), achieved a profit after tax of €37.7m in the first nine months 2024, driven by strong business development in the Consumer segment and focused cost management. The result was impacted by one-off costs related to the takeover bids and amounting to €3m in 3Q24. The result marks an improvement of 25% over the previous year or 35% excluding these one-off costs. "Our Consumer segment delivered strong growth, with new business development increasing by 22% year over year, while our focus on disciplined execution has helped offset muted loan growth in the SME segment. Net interest income rose 9% year-over-year, reflecting solid contributions from Consumer and SME activities, as well as strategic gains in liquidity management and treasury. Our capital ratio remains strong at 21.1% all in CET1, underscoring our financial strength”, said Chief Executive Officer Herbert Juranek.
Addiko Bank: weekly performance: -0.25%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (07/11/2024)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #779: ATX schwächer, CA Immo hat was vor, Wiener Börse sucht Börsenunwort, ich hab einen Favoriten

Bildnachweis

1. Das Wasserkraftwerk von VERBUND in Passau Ingling, aus dem der WACKER-Standort Burghausen zukünftig Grünstrom bezieht, Credit: Verbund , (© Aussendung)   >> Öffnen auf photaq.com

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