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21st Austria weekly - Strabag, OMV, Vienna Airport (17/04/2020)

19.04.2020

Strabag: Construction company Strabag has been commissioned to build a 640 m cable-stayed bridge across the river Someș in the western Romanian city of Satu Mare. The contract, worth RON 142 million (approx. Euro 30 mn), was signed in early April with representatives of the municipality and of Strabag in compliance with the currently strict hygiene regulations. Construction is scheduled to start in May 2020. “Despite the restrictions on public life currently in place in many of our European countries of operation, it is important not to lose sight of the long-term perspective and to continue to pursue important infrastructure projects such as this in Romania,” emphasises Thomas Birtel, CEO of Strabag SE.
Strabag: weekly performance: 4.80%

OMV: Austrian oil and gas company OMV is supporting relief flights of the Austrian Federal Government for public health facilities und aid organizations that have become necessary due to the coronavirus crisis with Jet A1 fuel worth up to Euro 500,000. The relief flights operated by Austrian Airlines will bring urgently needed medical materials such as protective suits, masks and disinfectants directly to Austria.
OMV: weekly performance: -12.31%

Vienna Airport: Flughafen Wien AG (Vienna Airport) responds to the ongoing COVID-19 crisis, that has led to a reduction of passenger volume of 98%, with an extensive savings and liquidity protection programme. The savings programme comprises a volume of over Euro 220 mn which corresponds to more than 25% of planned revenue for 2020. In addition, staff is in reduced working hours. Usage of state aid packages, the provision of sufficient credit lines and the successful implementation of saving measures guarantee the liquidity of the company, even if the crisis prevails until the end of the year. Planned investments for 2020 will be reduced to a figure below EUR 100m. Office Park 4 and Terminal 2 will be completed, all other substantial construction projects, such as the southern extension and the refurbishment of Pier East, will be delayed. A new schedule will not be available before the end of 2020. The annual general meeting for the financial year 2019 will be rescheduled to 4 September 2020. Like at other listed European Airports, the proposal for the distribution of profits of Flughafen Wien AG will call for the profit to be carried forward and will no longer provide for a dividend payment for the financial year 2019. 
Flughafen Wien: weekly performance: 0.55% 

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (17/04/2020)


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21st Austria weekly - Strabag, OMV, Vienna Airport (17/04/2020)


19.04.2020, 2565 Zeichen



Strabag: Construction company Strabag has been commissioned to build a 640 m cable-stayed bridge across the river Someș in the western Romanian city of Satu Mare. The contract, worth RON 142 million (approx. Euro 30 mn), was signed in early April with representatives of the municipality and of Strabag in compliance with the currently strict hygiene regulations. Construction is scheduled to start in May 2020. “Despite the restrictions on public life currently in place in many of our European countries of operation, it is important not to lose sight of the long-term perspective and to continue to pursue important infrastructure projects such as this in Romania,” emphasises Thomas Birtel, CEO of Strabag SE.
Strabag: weekly performance: 4.80%

OMV: Austrian oil and gas company OMV is supporting relief flights of the Austrian Federal Government for public health facilities und aid organizations that have become necessary due to the coronavirus crisis with Jet A1 fuel worth up to Euro 500,000. The relief flights operated by Austrian Airlines will bring urgently needed medical materials such as protective suits, masks and disinfectants directly to Austria.
OMV: weekly performance: -12.31%

Vienna Airport: Flughafen Wien AG (Vienna Airport) responds to the ongoing COVID-19 crisis, that has led to a reduction of passenger volume of 98%, with an extensive savings and liquidity protection programme. The savings programme comprises a volume of over Euro 220 mn which corresponds to more than 25% of planned revenue for 2020. In addition, staff is in reduced working hours. Usage of state aid packages, the provision of sufficient credit lines and the successful implementation of saving measures guarantee the liquidity of the company, even if the crisis prevails until the end of the year. Planned investments for 2020 will be reduced to a figure below EUR 100m. Office Park 4 and Terminal 2 will be completed, all other substantial construction projects, such as the southern extension and the refurbishment of Pier East, will be delayed. A new schedule will not be available before the end of 2020. The annual general meeting for the financial year 2019 will be rescheduled to 4 September 2020. Like at other listed European Airports, the proposal for the distribution of profits of Flughafen Wien AG will call for the profit to be carried forward and will no longer provide for a dividend payment for the financial year 2019. 
Flughafen Wien: weekly performance: 0.55% 

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (17/04/2020)



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