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Titel-Suche "tells us" - 12 Treffer (Volltext-Suche: 43 Treffer)

13.03.2020

Corona: What Zumtobel tells us so far (RCB)

Based on information provided by the management upon release of 3Q 19/20 results, supply chain issues related to the outbreak of the coronavirus seem manageable, at least for the time being. The group acknowledged that sourcing of some input materials has become more challenging but generally Zumtobel’s components suppliers are back to production. Some price inflation and higher transportation/logistics costs are observed but in turn also Tridonic has announced price adjustments. After an extended holiday period following the Chinese New Year, Zumtobel’s components plant in Shenzhen now operates at a 50-60% utilisation rate. Except for a few products, the plant in Nis can compensate for the production shortfall. Also, for the Lighting segment no production/delivery disruptions are anticipated for the next six to eight weeks. (Markus Remis, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What voestalpine tells us so far (RCB)

The company observed a gradual improvement of the situation in China as regards production at its plants. However, at the same time there are still constraints as regards local logistics. The local railway systems plants are impacted by the standstill of infrastructure projects. However, this might be compensated over the remainder of the year. Exports of Chinese steel makers to Europe have come down markedly which bodes well for sport prices (have been very resilient recently, the same holds true for iron ore due to low mining activity). However, it is premature to the properly quantify the fallout on the European end-markets automotive and oil & gas. As regards Italy, we point out that the sales exposure (ca. EUR 700 mn) is higher than revenues generated in China (ca. EUR 550 mn). (Markus Remis, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What S&T tells us so far (RCB)

With a significant portion of its components manufactured in China, we expect some impact on S&T’s revenue recognition from delays, but so far, the company has made no statements. In 2019, about 6% of revenues were from China, but we could not find a significant Italian exposure as S&T rather focuses on Austria, German, CEE and the US. We might see some delays in orders in 1Q, similar to other industries, in particular regarding the avionics and automotive industries. S&T refrained from participating in the biggest trade fair for embedded systems in Europe in late February. (Teresa Schinwald, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What SBO tells us so far (RCB)

The company stated that currently it is not facing any production interruptions at its locations. SBO has production in Vietnam and Singapore with the latter being more exposed to the Covid- 19 outbreak. SBO does not source any components from China. At the same time, the company has designed and implemented a number of precautionary measures to reduce the risk of infection at its sites. (Oleg Galibur, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What Polytec tells us so far (RCB)

Polytec runs a small plant in China, producing car parts for its German OEM clients. After an extended holiday period production has been resumed. Authorities are closely monitoring the health conditions of all employees, who have to undergo daily temperature testing routines. With regard to its European operations, there is no supply dependency on China. Some minor parts are sourced in Northern Italy. However, we would like to point out that comments from other suppliers (e.g. Continental) and recent market data (e.g. plummeting Chinese car sales in February) paint a grim picture as regards trading conditions, which aggravates an already weak outlook for the European truck market. (Markus Remis, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What Palfinger tells us so far (RCB)

The demand development in China following the outbreak of the Coronavirus remains rather blurry. According to the management, meanwhile about 3⁄4 of the workforce has returned to work which compares to approximately post the extended Chinese New Year break. Apart from suspending travel activity into China, strict (government-imposed) control mechanisms are in place locally. The implications on the supply chain in Europe are limited at the moment but need to be monitored (e.g. for electronics). The management indicated anecdotal evidence of suppliers delivering smaller lot sizes. However, so far no noteworthy impact on European production is observed. The group’s Italian exposure amounts to ca. 3% of sales. The two productions sites (for aerial platforms and loader cranes) are located in the northern part of the country. (Markus Remis, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What Lenzing tells us so far (RCB)

Lenzing had to shut down its Nanjing plant for an additional week in February but already returned to production in mid-February. Viscose prices have been very weak this year so far, despite Chinese factories, which account for about a third of global capacities, having been virtually offline for a month as also downstream mills (spinners, weavers etc.) have been out. There might be some scarcity pricing of viscose in other countries with large textile industries, but so far prices have not shown a massive spike as the value chain is in the process of staggering back into normal operations. We might get a clearer picture at Lenzing's results presentation on March 12, 2020. (Tereas Schinwald, RCB) More "What Corporates tell us so far": https://boerse-social.com/search/@title%20tells%20us


13.03.2020

Corona: What Flughafen Wien tells us so far (RCB)

Air travel is in the centre of the storm and is strongly impacted by the cancellation of conferences and events as well as by plummeting business and holiday travel. Passenger growth at Vienna Airport slumped significantly as of the last week of February. After reporting passenger growth of 14.4% yoy in January the yoy comparison dropped to -15.8% on March 2, the last available data point. Home carrier Austrian Airlines (43% market share at Vienna Airport) announced to cut capacities on European routes by 20%. European traffic accounts for 85% of total passengers. Hence, the cut represents roughly 17% of capacity. Flights to Italy were cut by 40%. For the time being, this measure will apply until the end of the winter schedule at the end of March. Flights to China and Iran are completely suspended. On March 2 Flughafen Wien addressed high uncertainty to its previously (end of January) published FY 20 guidance but stated to see the traffic and earnings guidance still achievable adding that a better assessment ...


13.03.2020

Corona: What Do&Co tells us so far (RCB)

The business model of DO & CO is exposed to the outbreak across all of its operating segments: airline catering, event catering and restaurants/lounges/hotels. DO & CO serves a wide number of airline clients at 30+ sites worldwide, including Austrian Airlines, Turkish Airlines, British Airways, Iberia, Cathay Pacific, Singapore Airlines, etc. Flight cancellations have become a topic of daily headlines as the Covid-19 is spreading to a number of countries, with Lufthansa for example having slashed up to 50% of its flights. While some DO & CO clients have already cancelled flights, or might do so in the future, the breadth of the portfolio of clients and destinations should provide some mitigation to the revenue downside. During the results conference call on February 20, management stated that due to flight cuts to China DO & CO was losing EUR 1.8 mn in revenues per month. On an annual basis we estimate that this would amount to a revenue loss of EUR 22 mn (ca. 1.7% of our last FY 20/21e top line estimate) ...


13.03.2020

Corona: What AT&S tells us so far (RCB)

AT&S has already issued a profit warning for 2019/20 based on production stops in its Chinese factories in Shanghai and Chongqing II, which factored in three to four weeks of outages and slow ramps. The revenue guidance was cut from flat yoy (i.e. EUR 1,028 mn) to EUR 960 mn and the EBITDA margin range was reduced to 18-20% from 20-25%, which translates into a sales impact of about EUR 70 mn and an EBITDA impact of EUR 14-33 mn, according to our estimates. Estimates by industry research company IDC from mid-February suggest a drag on Chinese ITC markets overall in 1Q 20, with the slowdown fading out in 2Q and normalising in 2H 20. Looking at smartphones alone, which account for the lion's share of AT&S's revenues, the smartphone market is expected to decline by 2.3% in volume terms in 2020, down from an earlier forecast of +1.5% (dating back from November 2019). The 1H 2020 decline is estimated at a whopping 10.6% yoy. IDC's probable scenario calls for a multi-quarter recovery in manufacturing and a gradual ...



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