21st Austria weekly - voestalpine, Valneva, Porr, Pierer Mobility (29/08/2023)

voestalpine: voestalpine-CFO Robert Ottel will not accept the Supervisory Board's offer of reappointment for a five-year term starting April 1, 2024. He will therefore resign from the Management Board of voestalpine AG at the end of March 31, 2024. The Supervisory Board will decide promptly on a successor to Robert Ottel. Further, Peter Schwab, Member of the Management Board of voestalpine AG and Head of the Metal Forming Division, will not be available for a further period in office when his contract comes to an end on 31 March 2024 for personal reasons. The successor to Peter Schwab will be announced in September. Head of the High Performance Metals Division, Franz Rotter will leave the company to enjoy his well-earned retirement. Reinhard Nöbauer will become a Member of the Management Board from April 1, 2024, and the new Head of the High Performance Metals Division. 
voestalpine: weekly performance: 3.67%

Valneva: Valneva, a specialty vaccine company, today announced that Health Canada has completed screening validation of the Company’s regulatory application for marketing approval of its single-shot chikungunya vaccine candidate VLA1553 in persons aged 18 years and above, and has determined that the New Drug Submission (NDS) application is sufficiently complete to permit a substantive review. Based on Health Canada’s performance standard to process an NDS application, the Company believes the regulatory review could be completed by mid-2024. This is the second regulatory application for VLA1553 filed by Valneva, and the Company intends to make additional regulatory submissions in 2023. A Biologic License Application (BLA) is currently under priority review by the U.S. Food and Drug Administration (FDA).
Valneva: weekly performance: -0.59%

Porr: In the first half of 2023, construction group Porr generated revenue of EUR 2,891.1m, 11.4% more than in the same period of 2022. On the cost side, purchased services in particular recorded a significant increase. The company increased its EBITDA by 8.7% to EUR 136.7m. EBT rose by 24.6% to EUR 27.5m, resulting in an EBT margin of 0.9% in relation to production output (HY/2022: 0.8%). The order backlog also increased (+11.7% compared to the first half of 2022) and approached the EUR 9 bn mark for the first time. PORR achieved production output of EUR 3,017m – an increase of 9.1% year on year. Growth was particularly strong in the permanent business in Poland and Romania: Here, production output for each market rose by over 40%. The railway construction segment in Austria also showed pleasing increases. PORR’s focus is on its seven European home markets, where it generated 96.9% of its production output. Austria remains the largest market, accounting for 44.8%.
Porr: weekly performance: 4.52%

Pierer Mobility: In the first half of 2023, the Pierer Mobility Group increased the group revenue by 20.2 % to a new record value of € 1,387.6 million (previous year: € 1,154.1 million), with the motorcycle segment (+19 %) and also the bicycle segment (+37 %) realising significant sales increases. Group-wide, about 59 % of the turnover was generated in Europe, 28 % in North America incl. Mexico and 13 % in the rest of the world. The operating result (EBIT) of € 96.9 million in the first half of 2023 is above the previous year's figure of € 92.8 million. The very strong operating result performance in the motorcycle segment (+16.6%) compensates for the negative deviation in the bicycle segment. The tight inventory situation at bicycle dealers increasingly led to discounts, which had a negative impact on the group EBIT. The bicycle market as a whole is characterized by major changes. The consolidation that has already begun and is expected will have profound effects on the entire bicycle industry.
Pierer Mobility: weekly performance: -1.55%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (29/08/2023)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #725: VIG mit gutem Zahlenwerk und neuer positiver Initial Coverage, Post besetzt CFO prominent nach

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1. VBV Smeil Alps 2022 - Seriensieger. Der „VBV Smeil Alps“ ist nun zehn Jahre alt, zunächst hatte es sechs verschiedene Sieger gegeben, in den Jahren 2019 bis 2022 war die Erste Asset Management (EAM) nun 4x en suite unser Champion. Herzliche Gratulation an Paul Severin & Team, auch 2022 wurde es ein überlegener Sieg. Rang 2 unter 28 Corporate Nominees erreichte die OMV, auf Rang 3 findet sich der Blog der voestalpine. Bild: Paul Severin bekommt die Urkunde von Josef Chladek überreicht.   >> Öffnen auf photaq.com

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