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21st Austria weekly - Wolftank, UBM (21/08/2023)

27.08.2023

Wolftank: Wolftank Group, a leading technology partner for energy and environmental solutions, is rolling out the Group's industrial coating solutions in Brazil following the first successfully implemented tank coating projects for a leading South-American energy company. Effective immediately, a new standard[1]^[1] issued last week allows for the widespread use of the DOPA® system on underground tanks in use. Wolftank's patented technology can convert single-walled tanks used for the storage of potentially hazardous liquids such as fuels or chemicals into double-walled tanks. A leakage warning system ensures maximum protection for the environment. Using the DOPA® technology, tanks can be refurbished instead of being expensively replaced. The double-walled coating makes them – regardless of their age – even more valuable than new tanks, as they are also suitable for e-fuels. The group sees significant potential for the application and aims to carry out around 3,000 tank refurbishments in Brazil over the next five years as the market ramps up. There are currently around 42,000 refuelling stations in Brazil with a total of 147,000 underground tanks in use, which are on average 23 years old and thus nearing the end of their lifespan without replacement or high-quality refurbishment.
Wolftank-Adisa: weekly performance: -9.09%

UBM: In the course of an extraordinary revaluation of its projects and real estate, real estate deveolper UBM undertook, among other things, depreciations in the amount of € 31.3 million, with a corresponding negative impact on the half-year result. UBM presumes a loss of up to € 35 million for the first half of the year. The management board of UBM expects that the preliminary construction permit (Bauvorbescheid) for the Timber Factory in Munich’s Baubergerstrasse, which was issued at the end of July 2023, will have a positive impact. The purchase price for the second half of the share held by the joint venture partner is now due in the agreed form. The impact for this is expected to be reflected in Q3/2023. The Company expects that this could halve the current loss in the 2023 financial statements. However, no substantial improvement in the real estate market is expected in the second half of the year, which means that there will probably be no significant sales by UBM in the second half of 2023 either.
UBM: weekly performance: -13.08%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/08/2023)


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21st Austria weekly - Wolftank, UBM (21/08/2023)


27.08.2023, 2482 Zeichen



Wolftank: Wolftank Group, a leading technology partner for energy and environmental solutions, is rolling out the Group's industrial coating solutions in Brazil following the first successfully implemented tank coating projects for a leading South-American energy company. Effective immediately, a new standard[1]^[1] issued last week allows for the widespread use of the DOPA® system on underground tanks in use. Wolftank's patented technology can convert single-walled tanks used for the storage of potentially hazardous liquids such as fuels or chemicals into double-walled tanks. A leakage warning system ensures maximum protection for the environment. Using the DOPA® technology, tanks can be refurbished instead of being expensively replaced. The double-walled coating makes them – regardless of their age – even more valuable than new tanks, as they are also suitable for e-fuels. The group sees significant potential for the application and aims to carry out around 3,000 tank refurbishments in Brazil over the next five years as the market ramps up. There are currently around 42,000 refuelling stations in Brazil with a total of 147,000 underground tanks in use, which are on average 23 years old and thus nearing the end of their lifespan without replacement or high-quality refurbishment.
Wolftank-Adisa: weekly performance: -9.09%

UBM: In the course of an extraordinary revaluation of its projects and real estate, real estate deveolper UBM undertook, among other things, depreciations in the amount of € 31.3 million, with a corresponding negative impact on the half-year result. UBM presumes a loss of up to € 35 million for the first half of the year. The management board of UBM expects that the preliminary construction permit (Bauvorbescheid) for the Timber Factory in Munich’s Baubergerstrasse, which was issued at the end of July 2023, will have a positive impact. The purchase price for the second half of the share held by the joint venture partner is now due in the agreed form. The impact for this is expected to be reflected in Q3/2023. The Company expects that this could halve the current loss in the 2023 financial statements. However, no substantial improvement in the real estate market is expected in the second half of the year, which means that there will probably be no significant sales by UBM in the second half of 2023 either.
UBM: weekly performance: -13.08%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (21/08/2023)



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