PIR-Information: Information from Verbund, Strabag, analysis on Erste, AT&S, A1 Telekom Austria (Christine Petzwinkler)

07/28/2022, 4919 characters


compound revealed half-year figures: EBITDA elevated by 110.5% to achieve 1.38 billion euros within the first half Consolidated revenue up 151.8% to 817.1 million euros. Gross sales elevated by 174% to achieve 4.7 billion euros. As is thought, the sharp rise in ahead and spot costs on the wholesale electrical energy market had a markedly constructive impact on the event of income. Based on Verbund, nevertheless, constructive results additionally resulted from the total consolidation of Gasoline Join Austria GmbH and the considerably increased contribution from flexibility merchandise. For fiscal 12 months 2022 Group income of between roughly 1,680 million euros and a pair of,030 million euros are anticipated. “A very powerful purpose is the enlargement of renewable power,” CEO Michael Strugl stated on the digital press convention. Over the subsequent few years, greater than 3 billion euros will likely be invested in networks and the event of renewable energies and hydrogen. “It is to safe the nation for the longer term”. In any case, low cost electrical energy technology utilizing wind, solar and water signifies that the value of electrical energy drops globally, as costly technology is squeezed out of the market and the hours of use of gas-fired energy vegetation are decreased. “This is a chance to decrease costs,” says Strugl. Of the Conversion of Mellach energy station to coal is utilized by Verbund completely as emergency help. “This doesn’t change Verbund’s positioning as a CO2-free electrical energy producer”, says CFO Peter Kollmann. Naturally, this could have “no constructive impact” on the duty associated to inexperienced and sustainable improvement.
Relating to electrical energy costs for purchasers, CEO Strugl says that waiting for immediately this 12 months there isn’t any want to regulate the costs once more.
Community (present indication: 105.00 /105.40, -4.88%)

Within the As a result of development cartel, the Federal Competitors Authority (BWB) reviewed Strabag’s antitrust choice (discount of fantastic) requested, since one in respect of administrative help turned conscious of latest details requiring judicial evaluateparticularly with regard to the completeness Compliance with the duty of cooperation made by Strabag as a key witness to work collectively actually, with out restriction and promptlybecause the BWB says. Amongst different issues, it needs to be checked whether or not there’s a lack of disclosure of proof and details by Strabag regardless of data, as they are saying. Of the Strabag’s board of administrators considers the declare unfoundedas a result of Strabag cooperates “extensively and intensively with the BWB inside the framework of the leniency programme”, as Strabag factors out.
Strabag (present indication: 40.00 /40.10, 0.38%)

Analysis: HSBC remembers that Purchase suggestion for Erste Group and decreased the goal value from EUR 51.0 to EUR 45.0. The Berenberg financial institution left each the Promote ​​suggestion and value goal of EUR 38.0 for AT&S unchanged. Raiffeisen Analysis has confirmed that Purchase suggestion for A1 Telekom Austria and sticks to the goal value of EUR 9.0.
Erste Group (present indication: 25.20 /25.24, 1.24%)
AT&S (present indication: 49.30 /49.40, -0.40%)
Telekom Austria (present index: 6.08 /6.11, -0.73%)

Transient on OMV and Amag

OMV was in a position to enhance its gross sales by 124% to 30.621 billion euros within the first half of the 12 months, which is principally on account of considerably increased market costs, as the corporate factors out. CCS’ personal working revenue elevated by 156% to five.6 billion euros, which, in keeping with OMV, was primarily on account of higher ends in exploration and manufacturing and refining and advertising .

The aluminum group Amag was in a position to enhance its gross sales within the first half of 2022 by 52.0% to 904.3 million euros, primarily because of the rise within the value of aluminum (+36.9% to three,088 USD /t) and optimization of the product combine. With an EBITDA of 156.5 million euros (+67.3%), the Amag Group was in a position to obtain the very best half-year outcome thus far within the first six months of the 12 months underneath evaluate. Amag’s board of administrators expects an annual EBITDA of between 220 million euros and 250 million euros.
Baader Financial institution analysts say, “EBITDA is barely above consensus. Full-year steering factors to a slowdown within the second half.” For analysts at Raiffeisen Analysis, the figures have been in step with market expectations. “In comparison with our present annual estimate of €223m or consensus of €234m, the outlook implies some upside potential. The principle threat and detrimental issue for sentiment in direction of the inventory stays doable fuel provide bottlenecks on the Ranshofen website.” commented Raiffeisen analysts.

Listening tip: Christoph Boschan, CEO of the Vienna Inventory Alternate within the profession podcast: https://boersenradio.at/web page/playlist/2068

(The contribution of Christine Petzwinkler for the http://www.boerse-social.com/gabb of 28.07.)

(07/28/2022)


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Photograph credit score

1. OMV and VERBUND have commissioned the extension of the floor photovoltaic system in Schönkirchen/Decrease Austria; Credit score: OMV, (© Sender) >> Open on photaq.com

Actions on the radar:Actual Property, Bawag, amag, Polytec Group, Porr, actual property financing, Rosgix, Mayr Melnhof, Palfinger, A&S, Linz textile farm, Marinomed Biotech, OMV, UBM, compound, Malle Oberbank AG, Financial institution of Addiko, Vienna Airport, Strabag, Distinctive, standby.


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