21st Austria weekly - Palfinger, Vienna Insurance Group, Austrian Post (15/03/2023)

Palfinger: Palfinger Marine has officially been commissioned to deliver 25 of its stiff boom cranes for offshore wind applications. The recipient is Japan’s most recent large-scale offshore wind development project – the Kitakyusyu-Hibikinada Offshore Wind Farm. With the deliveries beginning in Q1 2024, Palfinger further expands its market share in the Asia-Pacific market. The wind farm is scheduled to start commercial operation in 2025. Combined, the wind turbines will have a capacity of about 220 MW, thereby furthering Japan’s efforts of becoming carbon neutral by 2050.
Palfinger: weekly performance: -6.78%

VIG: With a premium volume of EUR 12.6 billion, Vienna Insurance Group (VIG) has exceeded the previous year’s figure of EUR 11 billion by 14.1%. Profit before taxes amounts to EUR 562 million, which is 10% above the value achieved in 2021. Profit after taxes reaches EUR 466 million (+24% compared with the previous year). The combined ratio of 94.9% is within the target range. The financial result increases by 26% to EUR 797 million. The operating return on equity before taxes of 11.9% clearly improved compared to the previous year’s figure of 10.9%. With a preliminary solvency ratio of 280%, VIG Group once again demonstrates its strong capital position.   “Based on these good results, the VIG Managing Board is proposing an increase of the dividend to EUR 1.30 per share for the 2022 financial year”, explains Elisabeth Stadler, CEO of Vienna Insurance Group.
VIG: weekly performance: -7.75%

Austrian Post: Austrian Post reported stable revenues of EUR 2,522.0 mn for 2022. EBITDA increased by 0.6 % to EUR 372.7m and earnings before interest and taxes (EBIT) decreased by 8.0 % to EUR 188.4m. Austrian Post’s profit for the period amounted to EUR 128.1m compared to EUR 158.4m last year. The company will propose a dividend of EUR 1.75 per (2021: 1,9 Euro) share to the Annual General Meeting on 20 April 2023.
Österreichische Post: weekly performance: -3.20%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (15/03/2023)

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1. PALFINGER hat für die Royal Netherlands Sea Rescue Institution einen Rigid-Hulled Inflatable Boat (RHIB)-Prototypen entworfen Credit: KNRM/ Roel Ovinge Fotography , (© Aussendung)   >> Öffnen auf photaq.com

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