21st Austria weekly - Agrana, Immofinanz, Porr, Andritz, ams (09/07/2020)

Agrana: In the first quarter of the 2020|21 financial year, Agrana, the fruit, starch and sugar company, achieved a slight increase in both revenue and operating profit (EBIT) despite the Covid-19 crisis. Revenues increased by 2.2 % to 652.6 min, EBIT by 3.2 % zu 32.0 mn. Agrana Chief Executive Officer Johann Marihart comments: "The key factor in the solid Group EBIT was a very significant profitability improvement in the Sugar segment compared to the same quarter last year. EBIT in the Starch segment was moderately below the year-earlier level, with the decline due mainly to a short-term slump in bioethanol prices at the beginning of the COVID-19 pandemic, which have since recovered again. Ethanol sales remained stable in volume terms despite the lockdown, thanks to the firm export market for bioethanol with high CO2 reductions and to the sale of 10 million litres into the disinfectant sector. In the Fruit segment, earnings were significantly below those of one year ago. Thus, the performance of the fruit juice concentrate activities was down as a result of the prior-year harvest and there were Covid-19-related decreases in the fruit preparations business."
Agrana: weekly performance: -1.40%

Immofinanz: Austrian based real estate company Immofinanz successful placed shares and issued subordinated mandatory convertible notes. The total gross issue proceeds from the share placement and the issue of the subordinated mandatory convertible bond amount to approximately Euro 356 min. Immofinanz intends to use the net proceeds for refinancing of financial liabilities, capitalise on potential growth opportunities and for general corporate purposes.
Immofinanz: weekly performance: 5.12%

Porr: Austrian based construction group Porr received the contract for erecting the Q-Tower on the project The Marks. The planned 114m-tall building will offer diverse forms of urban living across a total of 35 storeys. A construction period of 30 months has been agreed. The contract is worth around Euro 75 mn.
Porr: weekly performance: 0.13%

Andritz: International technology Group Andritz has received an order from Vinda Personal Care (Guangdong) Co., Ltd. to supply a stock preparation system to feed its four tissue machines at the mill in Yangjiang, Guangdong, China. Start-up is scheduled for the second to third quarter of 2021.
Andritz: weekly performance: -4.45%

ams: ams, a leading worldwide supplier of high performance sensor solutions, announces the successful closing of the Osram Licht AG acquisition. The takeover offer has been fully settled today and the offer price paid to the holders of the tendered shares.  Alexander Everke, CEO of ams, commented, “We are proud to have successfully closed the acquisition of Osram as expected. Today is a vital milestone on our path to combine ams and Osram into a worldwide leader in sensor solutions and photonics. Together we will be able to offer customers exciting new products and solutions driving innovation in optical technologies. Firmly rooted in Europe, we will leverage the strong technology, IP and market position of OSRAM in combination with ams and are convinced of our potential to become a world leader in the optical space. As global ams team, we would like to welcome the Osram employees worldwide and look forward to starting the successful integration of the two companies.” Following the closing, ams holds 69% of all shares in Osram (excluding treasury shares) on the basis of the takeover offer and additional purchases equivalent to a transaction value of around Euro 2.7 billion. As the majority shareholder of Osram, ams expects to gain representation on the Supervisory Board of Osram based on its shareholding shortly. ams will announce further steps towards the integration of the two companies in due course.
AMS: weekly performance: 11.72%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (09/07/2020)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #637: Egalite Addiko und Marinomed, AT&S nach 2 Monaten zurück, 19 Jahre RBI an der Börse, Strabag top

Bildnachweis

1. Agrana startete Desinfektionsmittelherstellung: Desinfektionsmittel für die Lebenshilfe NÖ, im Bild Austria Juice Kröllendorf Werksleiter Karl Govednik und Elisabeth Kickinger von der Lebenshilfe NÖ (fotocredit: AGRANA)

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