23.08.2020, 3000 Zeichen

voestalpine: In cooperation with the Rail Cargo Group, the cargo subsidiary of the Austrian Railways (ÖBB), voestalpine’s Steel Division and Logserv, its logistics subsidiary, have developed “TransANT”—a novel design concept worldwide, specifically, freight cars equipped with a range of lightweight modular superstructures. voestalpine supplies a complete system for the new lightweight freight cars that encompasses high-performance steels and the appropriate welding technology, both of which substantially contribute to the freight cars’ lower weight and greater flexibility. For example, the undercarriage, which is about 20% lighter than conventional models, makes it possible to add loads of up to four tons per freight car. Stiff, ultra-high tensile section solutions for the cars’ superstructures enable additional weight reductions. Logserv (voestalpine’s logistics subsidiary) is already using the initial batch of freight cars to carry out iron ore transports with great success. The freight cars’ innovative lightweight design will make it possible to reduce the number of train trips by about 100 per year.
voestalpine: weekly performance: -1.91%

Addiko Group: Addiko Group, a Consumer and SME specialist bank headquartered in Austria, released its results for the first half of 2020 today, reporting a net loss of Euro -12.2mn (1H19: Euro +20.2mn). The result after tax is determined by a solid operating result, successful cost containment and a significant increase in risk provisioning predominantly associated with macroeconomic expectations due to Covid-19. Despite the negative result, the bank’s capital position has been further strengthened with a fully-loaded CET1 ratio of 18.2%, keeping funding stable and liquidity solid. The result after tax of Euro -12.2 mn (1H19: Euro +20.2mn) was mainly impacted by an increase in risk provisions to Euro -29.2mn due to IFRS 9 model adjustments in the context of macroeconomic expectations, while pure operational cost of risk was better than expected. The operating result before change in credit loss expenses for the first six months 2020 rose by 14.5% YoY to Euro +27.6mn (1H19: Euro +24.1mn). The Management Board of Addiko Bank AG remains committed to its communicated dividend proposal with timing being dependent on the lifting of the recently introduced regulatory measures. The postponed AGM will take place in the fourth quarter of 2020. For the second half of 2020 Addiko Group expects lower levels of activity on new loan generation, mainly driven by higher unemployment rates, limited economic development and reduced demand for financing, which will certainly impact net banking income. For the full year 2020 the Group expects gross performing loans to amount to ca. Euro 3.5bn, Net Banking Income to be 7-10% below the level for the year 2019, operating expenses to remain below Euro 175 mn.
Addiko Bank: weekly performance: -1.69%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (19/08/2020)

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