17.05.2020, 4492 Zeichen

Wienerberger: In the first quarter of 2020, revenues at Wienerberger Group level increased by 2% to Euro 793 mn (2019: 777 mn). This positive development was driven by strong demand for high-quality product solutions in all markets. The strong performance contrasted with the initial negative effects of the Covid-19 crisis. Thanks to the clear focus on innovative products and the successful implementation of further efficiency-enhancing projects, EBITDA LFL came to Euro 105 mn and almost matched the previous year’s record level (Euro 109 mn). However, this strong operating result was negatively impacted by non-recurrent, non-cash valuation adjustments. Owing to the Covid-19 pandemic, the targets for individual markets had to be adjusted accordingly, which resulted in impairment charges of roughly € 116 million in the first quarter of 2020. The majority of this impairment (€ 94 million) is attributable to the full write-off of goodwill in North America. In addition, impairment losses were recognized for the same reason on various tangible assets across selected European markets (Euro 22 mn).
Wienerberger: weekly performance: 1.78%

AT&S: AT&S, producer of printed circuit boards and IC substrates, delivered results for the financial year 2019/20 despite a challenging operating environment (e.g. trade conflict China-USA, Brexit, global economic downturn and COVID-19). The increase in sales volume of IC substrates and in the Medical & Healthcare segment generated a positive effect. Consolidated revenue again exceeded the one-billion-euro mark, but declined slightly by 2.7% year-on-year to Euro 1,000.6 mn (previous year: Euro 1,028.0 mn). The catch-up effects expected for the fourth quarter failed to occur after the outbreak of the COVID-19 pandemic. EBITDA, at Euro 194.5 mn, was lower than in the previous year at Euro 250.1 mn. The EBITDA margin declined to 19.4% (previous year: 24.3%) and was within the target range of 18 to 20%, which had been adjusted in the third quarter. The main reasons for this include the intensive preparations for the strategic expansion of business. EBIT dropped to Euro 47.4 mn (previous year: Euro 117.2 mn). The EBIT margin amounted to 4.7% (previous year: 11.4%). Thanks to its strategic alignment, AT&S considers itself well prepared to successfully overcome the current crisis and to positively participate in the intact market trends in the medium term. Based on its corporate strategy, AT&S adheres to its medium-term goals, leading to a doubling of revenue and an EBITDA margin of 25 to 30%.
AT&S: weekly performance: -6.68%

Austrian Post: In the first quarter of 2020, total revenue of Austrian Post Group has improved by 2.1 % to Euro 502.9m. The dynamically growing parcel business achieved an increase of 23.8 %, which helped to offset the declines in the Mail Division and the Retail & Bank Division by 4.6 % and 39.4 % respectively. Group earnings (EBIT) fell to EUR 33.3m in the period under review from the comparable level of EUR 57.4m in the first quarter of 2019. This substantial decline at first glance is the result of two special effects: The first quarter of 2020 fully encompasses initial start-up costs for bank99, whereas the first revenue from financial services will be generated in the second quarter of the year. Moreover, special effects relating to Covid-19 are noticeable in all operating divisions.
Österreichische Post: weekly performance: -6.76%

Mayr-Melnhof: The Mayr-Melnhof Group, producer of cartonboard packaging, was able to close the first quarter of 2020 with a positive development of results, despite increasingly challenging conditions due to the Covid-19 pandemic. The Group’s consolidated sales amounted to Euro 646.6 mn, slightly above the comparable figure for the previous year (1Q 2019: Euro 642.9 mn). EBITDA increased by 8.8 % to Euro 98.9 mn. The operating profit rose by 12.9 % to Euro 64.6 mn  and includes a liability recognized as expenses for the termination agreement with the former CEO in the amount of Euro -8.6 mn, which was booked in equal shares in the divisions. Profit for the period thus went up by 3.2 % to Euro 45.1 mn. Due to short-term visibility and macroeconomic uncertainties, a further assessment for the current year is not possible at the moment. In any case, sustained investment activity should further strengthen the competitiveness.
Mayr-Melnhof: weekly performance: 0.94%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (14/05/2020)

Christian Drastil: Wiener Börse Plausch

Karrieren & Kurse: Petra Plank, Mentorin für Beziehungsfähigkeit (und das Wifi Wien hat zwei Kurse dazu)

Bildnachweis

Aktien auf dem Radar:Österreichische Post, FACC, Austriacard Holdings AG, Flughafen Wien, S Immo, Addiko Bank, Andritz, Rosenbauer, SBO, OMV, ams-Osram, AT&S, Gurktaler AG VZ, Polytec Group, Wiener Privatbank, SW Umwelttechnik, Oberbank AG Stamm, Agrana, Amag, CA Immo, Erste Group, EVN, Immofinanz, Kapsch TrafficCom, Telekom Austria, Uniqa, VIG, Wienerberger, Beiersdorf, Brenntag, Siemens.

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