21st Austria weekly - Strabag, Andritz, Lenzing, Bawag (26/07/2021)

Strabag: Strabag, the European-based construction group, has been awarded a new large-scale contract worth around Euro 111 mn by Romania’s National Company for Road Infrastructure Administration (CNAIR). Within a construction period of 24 months, Strabag will build the link between the city of Oradea and the A3 motorway with a length of 18.96 km. “Oradea is the economic and cultural centre of western Romania. The motorway connection will better link the rapidly growing city to the primary road network and so contribute to further growth,” says Strabag-CEO Thomas Birtel.
Strabag: weekly performance: 4.65%

Andritz: International technology Group Andritz has received an order from Valin ArcelorMittal Automotive Steel Co., Ltd., China, to supply a galvanizing furnace for a new coating line to produce 3rd-generation Advanced High Strength Steel. The line will produce hot-dip galvanized (GI) or zinc-aluminum-magnesium (ZM) coated flat steel of highest strength, suitable for the automotive industry’s latest needs. Start-up of the line is scheduled for the end of 2022.
Andritz: weekly performance: -1.02%

Lenzing: The Lenzing Group, a world-leading provider of wood-based specialty fibers for the textile and nonwoven industries, is investing GBP 20 mn (equal to Euro 23.3 mn) to build a new, state-of-the-art wastewater treatment plant at its site in Grimsby, United Kingdom. The investment is part of the company’s plans to reduce wastewater emissions by 2022. Once it has implemented this project, Lenzing will have biological wastewater treatment plants that meet the best available techniques (BAT) quality standard at all its production sites. The plant design, which will employ a new technology developed as part of a research project, is fully aligned with the UK regulator and supported by the local authorities. “This is a huge step forward in delivering the overall Lenzing strategic goals and a milestone in our long-term plan to give the Grimsby site a solid platform for sustainable growth”, says Phil Munson, Director Operations Lyocell Grimsby at Lenzing.
Lenzing: weekly performance: 5.63%

Bawag: Bawag Group today released its results for the first half 2021, reporting a net profit of Euro 193 mn, Euro 2.17 earnings per share, and a RoTCE of 13.2%. The first six months include front-loaded regulatory charges of Euro 56 mn, representing approximately 93% of full-year charges. For the second quarter 2021 Bawag Group reported a net profit of Euro 119 mn, Euro 1.34 earnings per share, and a RoTCE of 16.3%. “We started the first half of the year with a strong set of operating results delivering net profit of Euro 193 mn, RoTCE of 13.2% and cost-income ratio of 40.3%. Although we’ve experienced rolling and partial lockdowns in our core markets during the first few months of 2021, we expect the gradual normalization of economic activity to carry into the second half of the year and have increased our targets to an RoTCE ~15% and CIR ~40% for the full year. However, despite the improvement in the overall macroeconomic environment from last year and the continued positive developments across our customer base, we decided not to release any credit reserves. In terms of operational developments, we continue to reposition our business and adapt to a post-COVID-19 world. We will focus on the things that we can control, be proactive and decisive, and not be deterred by the changes ahead as we continue to transform our business and deliver sustainable profitable growth. Following the most recent communication of the European Central Bank lifting the recommended dividend ban from last year, we decided to bring forward our Annual General Meeting as well as our Investor Day, where we will communicate our new targets and 4-year Plan through 2025,” commented Chief Executive Officer Anas Abuzaakouk.
Bawag: weekly performance: 4.26%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (26/07/2021)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #645: ATX TR ärgert sich über fehlenden Applaus, ATX NTR noch nicht soweit, Porr & Strabag together

Bildnachweis

1. Strabag mit Bahnauftrag aus Prag, Credit: Dopravní podnik hlavního města Prahy a.s. (Prager Verkehrsbetriebe) /Petr Heina , (© Aussender)   >> Öffnen auf photaq.com

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