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21st Austria weekly - Mayr-Melnhof, FACC, Polytec (22/04/2022)

24.04.2022

Mayr-Melnhof: Carton board group Mayr-Melnhof consolidates its leadership status in terms of sustainability. At MM, we focus on economic and technical progress that is consistent with the needs of society and nature through responsible business activities. Based on the strategic pillars "Planet", "People" and "Prosperity", the MM Group has developed a comprehensive sustainability program that includes an overall decarbonization strategy. MM's CEO, Peter Oswald, highlights the approach, "Tackling climate change requires ambitious action from the corporate sector. Our science-based targets prove our commitment to building a sustainable economy, by doing what is necessary and not what is easy."
Mayr-Melnhof: weekly performance: 5.75%

FACC: Aerospace supplier FACC is starting a cooperation with the internationally successful parts distributor and service provider Leki Aviation. "The market for maintenance, repair and overhaul (MRO) in civil aviation is making a noticeable recovery. Thanks to our innovative solutions, we have been able to establish an excellent position in this field in recent years, and are thus ideally equipped for the future," reports Robert Machtlinger, CEO of FACC AG. The number of passenger aircraft worldwide, which currently stands at approximately 23,000, is expected to double to around 46,000 in the next 20 years. The demand for service and repair services is therefore growing rapidly. By 2030, the global market volume is set to exceed $180 billion, compared with approximately $70 billion at present. The Chinese growth market is particularly attractive. Leki Aviation operates two branches there and, thanks to its proximity to major Chinese airlines, occupies an outstanding position in the largest and most important growth market in the aircraft industry. Whenever airlines need a spare part for one of their aircraft, they will in future rely on components produced by FACC.
FACC: weekly performance: 4.63%

Polytec: Despite massive additional costs, automotive supplier Polytec recorded acceptable results in the 2021 financial year. In difficult negotiations, the group managed to pass on various burdens from market distortions to its customers, at least in part. Polytec excels in high flexibility and readiness to continuously adapt to new framework conditions, by reconstructing, streamlining and further developments and uses this approach in current environment. During the 2021 financial year, consolidated Polytec sales revenues amounted to EUR 555.9 million and were therefore 6.5% or EUR 33.9 million above the figure for the preceding year (EUR 522.0 million) owing to the COVID-19-related lower comparative basis. The increase in sales revenues for the year as a whole is due mainly to higher demand in the Passenger Cars & Light Commercial Vehicles market area (+18.7%). By contrast, sales revenues in the Commercial Vehicles market area declined significantly as compared to the previous year (-21.9%). The Smart Plastic & Industrial Applications market area remained roughly at the 2020 level (-2.3%). Polytec EBIT in 2021 totalled EUR 12.3 million (2020: EUR 13.0 million). By comparison with 2020, the EBIT margin fell by 0.3 percentage points from 2.5% to 2.2%.
Polytec Group: weekly performance: 0.80%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (22/04/2022)


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21st Austria weekly - Mayr-Melnhof, FACC, Polytec (22/04/2022)


24.04.2022, 3353 Zeichen



Mayr-Melnhof: Carton board group Mayr-Melnhof consolidates its leadership status in terms of sustainability. At MM, we focus on economic and technical progress that is consistent with the needs of society and nature through responsible business activities. Based on the strategic pillars "Planet", "People" and "Prosperity", the MM Group has developed a comprehensive sustainability program that includes an overall decarbonization strategy. MM's CEO, Peter Oswald, highlights the approach, "Tackling climate change requires ambitious action from the corporate sector. Our science-based targets prove our commitment to building a sustainable economy, by doing what is necessary and not what is easy."
Mayr-Melnhof: weekly performance: 5.75%

FACC: Aerospace supplier FACC is starting a cooperation with the internationally successful parts distributor and service provider Leki Aviation. "The market for maintenance, repair and overhaul (MRO) in civil aviation is making a noticeable recovery. Thanks to our innovative solutions, we have been able to establish an excellent position in this field in recent years, and are thus ideally equipped for the future," reports Robert Machtlinger, CEO of FACC AG. The number of passenger aircraft worldwide, which currently stands at approximately 23,000, is expected to double to around 46,000 in the next 20 years. The demand for service and repair services is therefore growing rapidly. By 2030, the global market volume is set to exceed $180 billion, compared with approximately $70 billion at present. The Chinese growth market is particularly attractive. Leki Aviation operates two branches there and, thanks to its proximity to major Chinese airlines, occupies an outstanding position in the largest and most important growth market in the aircraft industry. Whenever airlines need a spare part for one of their aircraft, they will in future rely on components produced by FACC.
FACC: weekly performance: 4.63%

Polytec: Despite massive additional costs, automotive supplier Polytec recorded acceptable results in the 2021 financial year. In difficult negotiations, the group managed to pass on various burdens from market distortions to its customers, at least in part. Polytec excels in high flexibility and readiness to continuously adapt to new framework conditions, by reconstructing, streamlining and further developments and uses this approach in current environment. During the 2021 financial year, consolidated Polytec sales revenues amounted to EUR 555.9 million and were therefore 6.5% or EUR 33.9 million above the figure for the preceding year (EUR 522.0 million) owing to the COVID-19-related lower comparative basis. The increase in sales revenues for the year as a whole is due mainly to higher demand in the Passenger Cars & Light Commercial Vehicles market area (+18.7%). By contrast, sales revenues in the Commercial Vehicles market area declined significantly as compared to the previous year (-21.9%). The Smart Plastic & Industrial Applications market area remained roughly at the 2020 level (-2.3%). Polytec EBIT in 2021 totalled EUR 12.3 million (2020: EUR 13.0 million). By comparison with 2020, the EBIT margin fell by 0.3 percentage points from 2.5% to 2.2%.
Polytec Group: weekly performance: 0.80%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (22/04/2022)



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