21st Austria weekly - Raiffeisen Bank International, KapschTrafficCom (23/10/2020)

Raiffeisen Bank International: The Pantos (PAN( project reached a major milestone by entering into a partnership with Raiffeisen Bank International (RBI). RBI is a leading corporate and investment bank headquartered in Austria, and is active in 13 markets in Central and Eastern Europe. Around 46,000 employees service 16.7 million customers through 2,000 business outlets. As the first Proof of Concept, Pantos technology will be implemented on RBI Coin, an e-money solution developed by RBI. This is a major use case both for blockchain-interoperability and for the banking industry to become technology-agnostic in the field of fast-changing blockchain technologies. RBI Coin is a next-generation digital cash solution for interbank and intercompany payments to streamline cash and liquidity management and introduces new banking products to corporate and institutional customers. There are many financial applications built on blockchain which are fundamentally different in architecture from both business and technical perspective. Such developments bring a challenge of having no natural link between these different applications which poses the risk of multiple siloed solutions running in parallel. RBI’s cooperation with Pantos represents a determined attempt to address and solve the interoperability issues between different blockchain applications.

Kapsch TrafficCom: Based on updated estimates Kapsch TrafficCom, provider of transportation solutions for sustainable mobility, has performed impairment tests for various long-term assets. The main result is a Euro 21 mn impairment of goodwill. In addition, for some projects in particular in North America, the project margin had to be adjusted and provisions for impending losses had to be made in the first half of the financial year. This had a negative impact on the operating result (EBIT) in the amount of Euro 32 mn. In addition, negative currency effects reduced the EBIT by Euro 6 mn. As a result of these effects, revenues will amount to about EUR 258 million and EBIT to about EUR -58 million in the first half of the 2020/21 financial year. Consequently, the company currently expects a negative EBIT in the higher two-digit area as well as a year-on-year fall of revenues of about 25% for financial year 2020/21.

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (23/10/2020)

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1. 21st Austria Weekly

Aktien auf dem Radar:Palfinger, Amag, SBO, Flughafen Wien, AT&S, Frequentis, EVN, EuroTeleSites AG, CA Immo, Erste Group, Mayr-Melnhof, S Immo, Uniqa, Bawag, Pierer Mobility, ams-Osram, Addiko Bank, Wiener Privatbank, SW Umwelttechnik, Oberbank AG Stamm, Kapsch TrafficCom, Agrana, Immofinanz, OMV, Österreichische Post, Strabag, Telekom Austria, VIG, Wienerberger, Warimpex.

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