29.03.2020, 5816 Zeichen

FACC: Against the background of the current development in the international aviation industry in connection with the COVID-19 crisis, which will affect the market side and in all plants of FACC, a manufacturer of advanced aircraft components. The company informed, that it must assume that there will be noticeable demand restrictions in the next quarters. From today's perspective, the impact on the Group's earnings for 2020 and at least also in 2021 is currently difficult to assess. From today's perspective, management assumes that a serious market assessment will not be possible until mid-2020. The Supervisory Board and Management Board decided the following package of measures at their meeting. In the current environment, FACC has two main goals. The protection of the entire workforce and their families is top priority. COVID-19 preventive measures were implemented across the group and continuously expanded. Associated with this is the economic stability in the focus of the management with the aim to keep production interruptions as low as possible. As a technology partner, FACC is an integral part of a global manufacturing network for the aerospace industry. FACC is the only approved supplier for the systems manufactured. In this way, as a system-critical supplier, we will ensure the best possible supply for our customers as demanded and as long as the material supply chain or measures by the government permit. The activities to reduce fixed costs that were started before the COVID-19 crisis will be continued. Additional measures, adapted to a new market situation, are being worked out. The investment budget for 2020 is being reviewed to meet the needs of the market. The measures for vertical integration of strategic components and materials defined in the fourth quarter of 2019 will be continued without restriction. 5) Due to the current situation in connection with the COVID-19 crisis, it was decided to re-evaluate the investments in the Croatian location and to start the implementation after reassessing the prevailing market situation. The need for the location to reduce production costs in the medium and long term is expressly stated. Against the background of strengthening the company's liquidity, the Supervisory Board and Management Board will propose to the Annual General Meeting not to distribute a dividend for the short financial year 2019. Further, the company announced, that the supervisory board decided to extend the mandate of CEO Robert Machtlinger until June 30, 2025.
FACC: weekly performance: 2.13%

Lenzing: As a result of the global COVID-19 crisis, the fiberproducer Lenzing expects based on recent developments a negative impact on its textile sales volume. The potential impact cannot yet be reliably estimated, as it strongly depends on the duration of the crisis as well as its further effects on the global economy and textile markets. Consequently, Lenzing suspends its result forecast for 2020 as disclosed on March 12, 2020, when it expected the result for 2020 to be below the level of 2019. In order to mitigate a potentially stronger than expected decline in earnings, Lenzing has already started to implement cost saving measures across its sites globally.
Lenzing: weekly performance: -2.24%

S&T: The global spread of the SARS-CoV-2 virus and its direct impacts affect society and economy worldwide. Under these circumstances, S&T AG is unable to forecast the further business development of Group S&T in the current financial year in detail. For this reason, S&T AG cannot maintain the current Revenue and EBITDA guidance published on January 22, 2020.  S&T AG plans to publish its new guidance after availability of the figures for the first quarter of 2020, which so far developed as initially planned, and following a re-evaluation of the current situation. S&T AG continues to adhere to its medium-term goals of EUR 2 Bn. revenues and EUR 220 Mio. EBITDA for 2023. The company operates critical infrastructures and delivers important products, for example for the medical technology sector, and therfor is striving to continue its business operations as far and long as possible without restrictions. S&T Group is using all available measures to minimize the economic impact of the corona pandemic on S&T group as much as possible.
S&T: weekly performance: 23.23%

CA Immo: Austrian real estate company CA Immo presentes another extraordinarily good result for the year as a whole. With a significant increase in recurring earnings (FFO I +13%) and rental income (+15%), the company is benefiting from the successful development and acquisition activities of previous years. FFO I, a key indicator of the Group’s long-term earning power, is reported before taxes and adjusted for the sales result and other non-recurring effects. In 2019, a FFO I of Euro 133.3 mn was generated, 12.5% above the previous years’ value of Euro 118.5 mn. Rental income increased by 14.7% to Euro 220.7 m in 2019. The result for the period reached Euro 393.3 mn, 28.8% above the previous year´s value of Euro 305.3 m and the highest level in the company's history. For business year 2019, the Management Board proposes a dividend of Euro 1.00 per share with divi-dend entitlement. Compared to last year, this represents a rise of approximately 11%.  Since neither the duration of the COVID-19 crises nor the further financial, general business and real estate specific impacts as well as the timing of the Annual General Meeting of 2020 can be predicted with certainty, the Management and Supervisory Boards will evaluate the proposal for de-cision until the Annual General Meeting on an ongoing basis and reserve the right to modifications.
CA Immo: weekly performance: 23.62%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (25/03/2020)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #632: Warum CA Immo, Immofinanz und RBI positiv bzw. voestalpine negativ auffallen, morgen April-Verfall

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