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21st Austria weekly - Lenzing, voestalpine, Frequentis (05/08/2020)

09.08.2020

Lenzing: The immediate effects of the COVID-19 crisis further increased price pressure on textile fibers across the entire product range. As a result, revenue of Lenzing Group declined by 25.6 percent to Euro 810.2 mn in the first half of 2020. In addition to price effects, Lenzing also felt the decline in demand for textile fibers in all regions. The slightly higher demand for fibers in the medical and hygiene segments reduced the losses, but could not offset them. The earnings development essentially reflects the decline in revenue. The implementation of measures for structural earnings improvements in all regions and making use of the short-time work model, which was temporarily introduced by the Austrian Federal Government, mitigated this negative effect. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 46.6 percent to Euro 96.7 mn in the first half of 2020. Net profit for the period amounted to Euro 1.5 mn (compared to Euro 78.8 mn in the first half-year of 2019).  Stefan Doboczky, Chief Executive Officer of the Lenzing Group. "Strategically, we are still fully on track and the implementation of our key projects in Thailand and Brazil is progressing according to plan. The successful conclusion of the financing agreements for the construction of the pulp plant in Brazil was a highlight of the first half of the year", says Doboczky. Whilst it remains difficult to give a precise outlook for 2020, Lenzing assumes from today's perspective that the revenue generation and operating performance of the remaining two quarters will exceed those of the second quarter.
Lenzing: weekly performance: 2.03%

voestalpine: In the first quarter of the business year 2020/21 (April 1 to June 30, 2020), technology group voestalpine was affected by the massive meltdown in demand from almost all of its customer segments on account of the Covid-19 pandemic. Hence revenue fell by 28.1% year over year to Euro 2.4 bn. In earnings terms, EBITDA dropped by slightly more than one half year over year, from Euro 371 mn to Euro 158 mn, but stayed in positive territory nonetheless. At Euro -49 mn, profit from operations (EBIT) was negative (previous year: Euro 157 mn) but followed a substantially positive trend most recently.The Group's profit before tax is Euro -74 mn (Q1 2019/20: EUR 124 million), while the profit after tax is Euro -70 mn (Q1 2019/20: EUR 90 million). "We will stick to our initial forecast expressed at the start of the current business year pursuant to which the voestalpine Group is expected to generate EBITDA of between Euro 600 mn and Euro 1 bn in the business year 2020/21," says CEO Herbert Eibensteiner.
voestalpine: weekly performance: 5.89%

Frequentis: Austrian stock listed Frequentis, an international supplier of communication and information systems for control centres with safety-critical tasks, announced the award of a contract for a next generation voice communication system to Austrian Air Navigation Service Provider Austro Control. The award of the new voice communication system contract is a major milestone for Frequentis and Austro Control, which continues decades of successful cooperation. Austrian technology company Frequentis will provide a highly innovative solution that will enhance Austria's air traffic control, in line with future requirements. Despite challenging COVID-19 conditions, the project is progressing according to plan, with initial site acceptance taking place in early July. Austro Control is one of the leading Air Navigation Service Providers (ANSPs) in Europe, relying on state-of-the-art equipment and Frequentis. Both companies can look back on decades of successful cooperation.
Frequentis: weekly performance: -1.82%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (05/08/2020)


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21st Austria weekly - Lenzing, voestalpine, Frequentis (05/08/2020)


09.08.2020


Lenzing: The immediate effects of the COVID-19 crisis further increased price pressure on textile fibers across the entire product range. As a result, revenue of Lenzing Group declined by 25.6 percent to Euro 810.2 mn in the first half of 2020. In addition to price effects, Lenzing also felt the decline in demand for textile fibers in all regions. The slightly higher demand for fibers in the medical and hygiene segments reduced the losses, but could not offset them. The earnings development essentially reflects the decline in revenue. The implementation of measures for structural earnings improvements in all regions and making use of the short-time work model, which was temporarily introduced by the Austrian Federal Government, mitigated this negative effect. EBITDA (earnings before interest, tax, depreciation and amortization) fell by 46.6 percent to Euro 96.7 mn in the first half of 2020. Net profit for the period amounted to Euro 1.5 mn (compared to Euro 78.8 mn in the first half-year of 2019).  Stefan Doboczky, Chief Executive Officer of the Lenzing Group. "Strategically, we are still fully on track and the implementation of our key projects in Thailand and Brazil is progressing according to plan. The successful conclusion of the financing agreements for the construction of the pulp plant in Brazil was a highlight of the first half of the year", says Doboczky. Whilst it remains difficult to give a precise outlook for 2020, Lenzing assumes from today's perspective that the revenue generation and operating performance of the remaining two quarters will exceed those of the second quarter.
Lenzing: weekly performance: 2.03%

voestalpine: In the first quarter of the business year 2020/21 (April 1 to June 30, 2020), technology group voestalpine was affected by the massive meltdown in demand from almost all of its customer segments on account of the Covid-19 pandemic. Hence revenue fell by 28.1% year over year to Euro 2.4 bn. In earnings terms, EBITDA dropped by slightly more than one half year over year, from Euro 371 mn to Euro 158 mn, but stayed in positive territory nonetheless. At Euro -49 mn, profit from operations (EBIT) was negative (previous year: Euro 157 mn) but followed a substantially positive trend most recently.The Group's profit before tax is Euro -74 mn (Q1 2019/20: EUR 124 million), while the profit after tax is Euro -70 mn (Q1 2019/20: EUR 90 million). "We will stick to our initial forecast expressed at the start of the current business year pursuant to which the voestalpine Group is expected to generate EBITDA of between Euro 600 mn and Euro 1 bn in the business year 2020/21," says CEO Herbert Eibensteiner.
voestalpine: weekly performance: 5.89%

Frequentis: Austrian stock listed Frequentis, an international supplier of communication and information systems for control centres with safety-critical tasks, announced the award of a contract for a next generation voice communication system to Austrian Air Navigation Service Provider Austro Control. The award of the new voice communication system contract is a major milestone for Frequentis and Austro Control, which continues decades of successful cooperation. Austrian technology company Frequentis will provide a highly innovative solution that will enhance Austria's air traffic control, in line with future requirements. Despite challenging COVID-19 conditions, the project is progressing according to plan, with initial site acceptance taking place in early July. Austro Control is one of the leading Air Navigation Service Providers (ANSPs) in Europe, relying on state-of-the-art equipment and Frequentis. Both companies can look back on decades of successful cooperation.
Frequentis: weekly performance: -1.82%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (05/08/2020)




 

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