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21st Austria weekly - Wienerberger, Andritz, Lenzing, Addiko (19/11/2019)

24.11.2019

Wienerberger: Wienerberger, world’s largest producer of bricks and a leading supplier of clay roof tiles, concrete pavers and pipe systems in Europe, announces that the Supervisory Board has appointed Carlo Crosetto as Chief Financial Officer (CFO). He succeeds Willy Van Riet as of March 1st, 2020. Willy Van Riet, who has been CFO since 2007, will step down after 12 years in office for family reasons on December 31st, 2019. Within his 26-years career Crosetto held various finance leadership positions within the Daimler Group in Europe and Asia. After that he became CFO of the RMA Group, a leading Southeast Asian conglomerate, and since 2017 he has been CFO of the German M-DAX listed mechanical and plant engineering Group Dürr AG. Throughout his top finance management positions, he has demonstrated his strong leadership, deep expertise in all areas of finance and financial markets as well as sound ability to transform organisations in dynamic market environments. He has an excellent track record in building world class financial organisations.
Wienerberger: weekly performance: -0.95%

Andritz: Andritz Brasil Ltda, a company of Austrian based technology group Andritz, successfully completed concreting work for the base of the Line 5 debarking drum, which is part of the wood preparation equipment being supplied in partnership with Afonso França. This is the largest concreting volume in Klabin's Puma II project and required approximately 750 m3 of concrete, which corresponds approximately to the concrete volume needed for a 14-storey building.
Andritz: weekly performance: -6.75%

Lenzing: Within the context of the foundation stone laying ceremony held on Friday, November 15, 2019, the Lenzing Group officially launched construction work in Thailand right on schedule to build the world’s largest lyocell production plant. The new plant with a capacity of 100,000 tons per year will be the largest lyocell facility in the world. It will help Lenzing to meet the strong demand for lyocell fibers and simultaneously strengthen the company’s market leadership position for specialty fibers. The investment volume for a first production line amounts to Euro 400 mn. Up to three additional production lines can be built and operated on the site. The project is of great importance to Lenzing as it is the first step in bringing lyocell production to Asia, home to the largest markets, the most important customers and the most extensive growth potential in specialty fiber production. The new manufacturing facility is scheduled to be completed in the third quarter of 2021, with production of the first fibers already expected for the fourth quarter of the same year.
Lenzing: weekly performance: -0.38%

Addiko
: Addiko Group, a Consumer and SME specialist bank headquartered in Austria, released its results for the first nine months of 2019 today. The Bank reported a 3Q19 result after tax of Euro 23.4 mn for the first nine months including one-offs (3Q18: Euro 96.4 mn). The third quarter result after tax of Euro 3.2 mn includes a one-off provision of Euro 8.7mn related to legal matters regarding CHF currency clauses in Croatia. Reported credit loss expenses as of 3Q19 once again resulted in releases and include the negative impact of Euro 8.1 mn related to the CHF conversion law for mortgage loans in Serbia enacted during the second quarter of 2019.
Addiko Bank: weekly performance: -6.84%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (19/11/2019)


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21st Austria weekly - Wienerberger, Andritz, Lenzing, Addiko (19/11/2019)


24.11.2019


Wienerberger: Wienerberger, world’s largest producer of bricks and a leading supplier of clay roof tiles, concrete pavers and pipe systems in Europe, announces that the Supervisory Board has appointed Carlo Crosetto as Chief Financial Officer (CFO). He succeeds Willy Van Riet as of March 1st, 2020. Willy Van Riet, who has been CFO since 2007, will step down after 12 years in office for family reasons on December 31st, 2019. Within his 26-years career Crosetto held various finance leadership positions within the Daimler Group in Europe and Asia. After that he became CFO of the RMA Group, a leading Southeast Asian conglomerate, and since 2017 he has been CFO of the German M-DAX listed mechanical and plant engineering Group Dürr AG. Throughout his top finance management positions, he has demonstrated his strong leadership, deep expertise in all areas of finance and financial markets as well as sound ability to transform organisations in dynamic market environments. He has an excellent track record in building world class financial organisations.
Wienerberger: weekly performance: -0.95%

Andritz: Andritz Brasil Ltda, a company of Austrian based technology group Andritz, successfully completed concreting work for the base of the Line 5 debarking drum, which is part of the wood preparation equipment being supplied in partnership with Afonso França. This is the largest concreting volume in Klabin's Puma II project and required approximately 750 m3 of concrete, which corresponds approximately to the concrete volume needed for a 14-storey building.
Andritz: weekly performance: -6.75%

Lenzing: Within the context of the foundation stone laying ceremony held on Friday, November 15, 2019, the Lenzing Group officially launched construction work in Thailand right on schedule to build the world’s largest lyocell production plant. The new plant with a capacity of 100,000 tons per year will be the largest lyocell facility in the world. It will help Lenzing to meet the strong demand for lyocell fibers and simultaneously strengthen the company’s market leadership position for specialty fibers. The investment volume for a first production line amounts to Euro 400 mn. Up to three additional production lines can be built and operated on the site. The project is of great importance to Lenzing as it is the first step in bringing lyocell production to Asia, home to the largest markets, the most important customers and the most extensive growth potential in specialty fiber production. The new manufacturing facility is scheduled to be completed in the third quarter of 2021, with production of the first fibers already expected for the fourth quarter of the same year.
Lenzing: weekly performance: -0.38%

Addiko
: Addiko Group, a Consumer and SME specialist bank headquartered in Austria, released its results for the first nine months of 2019 today. The Bank reported a 3Q19 result after tax of Euro 23.4 mn for the first nine months including one-offs (3Q18: Euro 96.4 mn). The third quarter result after tax of Euro 3.2 mn includes a one-off provision of Euro 8.7mn related to legal matters regarding CHF currency clauses in Croatia. Reported credit loss expenses as of 3Q19 once again resulted in releases and include the negative impact of Euro 8.1 mn related to the CHF conversion law for mortgage loans in Serbia enacted during the second quarter of 2019.
Addiko Bank: weekly performance: -6.84%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (19/11/2019)




 

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