A director at Amrest Holdings SE sold 12,000 shares at 23.752PLN and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clea...
AT: Polytec - Q3 profits below RBIe despite stronger top line growth, initial FY guidance calls for positive EBIT (neutral) AT: Wienerberger - FY 22 EBITDA guidance raised once again, more cautious market assessment (neutral) CZ: CEZ - Q3 22 results way above consensus, guidance increased again (neutral) DE: Knaus Tabbert - Q3 earnings below RBIe, temporary cash drain from high chassis stock, FY guidance confirmed (neutral) HU: OTP - Clear Q3 beat triggers 2022 outlook uplift but no co...
AT: Andritz - Earnings above expectations, new order backlog record, guidance confirmed (positive) AT: Erste Group - Q3 22 net profit broadly in line with expectations / guidance for 2022 tweaked upwards and encouraging outlook for 2023, confirmed DPS of EUR 1.9 for 2022 (positive) AT: voestalpine - Share repurchase of up to 5.6% of the capital starts on November 10 (positive) AT: voestalpine, AMAG - Collective bargaining for the Austrian metal industry brings average wage increase of 7...
AT: Andritz - Andritz received another fluidized bed boiler order from Japan (neutral) AT: CA Immo - Entering exclusive due dilligence and negotiations regarding sale of Romania platform (neutral) PL: AmRest - Preliminary Q2 22 sales up by 30.4% to EUR 606 mn (positive) PL: Banks - Rating actions by Fitch for several Polish banks (negative) RO: Banca Transilvania, BRD-GSG - National Bank of Romania raises key interest rate by 75 bps to 550 bps (negative)
MSCI May Index Review - Standard indices (STD) changes: DEL: Raiffeisen Bank Intl.; SmallCap indices (SC) changes: ADD: STRABAG SE, DEL: Zumtobel AT: AGRANA - Final FY 21/22 results match preliminary figures, FY 22/23e guidance confirmed (neutral) AT: AT&S - AT&S proposed dividend of EUR 0.90/share for 2021/22e (neutral) AT: Oesterreichische Post - Final Q1 22 numbers in line with prliminary figures, outlook reiterated (neutral) AT: Palfinger - Takeover of remaining 35% stake in French...
EBITDA margin grew by 180 bps yoy Bottom-line in the black after two years of losses in Q1 Russian operations, which were suspended mid-March, contribute almost 10% of EBITDA We expect a positive market reaction driven by the positive bottom-line result and the upward EBITDA margin trend
AmRest confirmed at HOLD, TP PLN 21.0 - Eastern headwinds slow down the margin recovery path Following the suspension of activities in Russia we lower our target price for AmRest to PLN 21 (PLN27.5) and confirm our HOLD recommendation AmRest achieved impressive milestones in FY 21 with 150 gross store openings and a 550bps EBITDA margin expansion, however new headwinds from the East could hinder a smooth continuation of the recovery Russian operations have been suspended on March 9 with little...
AT: AGRANA - Update on current situation in Ukraine and Russia (neutral) AT: Lenzing - FY results below expectations on higher cost inflation, outlook of better EBITDA yoy vague, but in line (neutral) AT: Lenzing - Lenzing appoints Stephen Sielaff to CEO position (neutral) AT: Verbund - Verbund acquired 70% in a wind/solar portfolio in Spain (neutral) PL: AmRest - Temporary suspension of operations in Russia (negative) PL: Eurocash - Solid Q4 21 preliminary figures with EBITDA 14% ah...
AT: Addiko Bank - Low Q4 21 profits above expectations, strong CET1 but no dividends, moderate nominal exposure to RU/UA/BY (neutral) AT: UNIQA - S&P confirms A rating, revises outlook to negative (neutral) CEE: Banks - UniCredit indicates negative impact from Russia at 200 bps in an extreme scenario CZ: CTP - FY 21 valuation result of EUR 1.1 bn drives earnings beat (positive) EU: Utilities - EU proposed to publish plans on how to reduce dependence on Russian gas by two thirds befor...
AT: Andritz - Andritz received a batt forming line order from South Africa (neutral) AT: BAWAG Group - Q4 21 net profit slightly ahead of consensus and 24% ahead of RBIe / 2022 ROTE guidance >17% vs. 16% in 2021 / DPS plan of EUR 3.00 / no exposure to Russia and Ukraine (positive) AT: OMV - Fitch rating agency confirmed OMV's A- rating with a negative outlook (neutral) AT: OMV - Shell's decision to exit its Russian ventures, including Nord Stream 2, could mount pressure on other project...
AT: Telekom Austria - Q4 and FY 22 guidance suprise slightly positive but capex ramp up above expectations (neutral) AT: voestalpine - Q3 figures slightly ahead of expectations, NWC consumption burdens cash conversion, FY EBITDA specified at upper end of EUR 1.9-2.2 bn range (positive) DE: Encavis - Encavis Asset Management fund EIF IV bought 23.6 MW wind farm in Ireland (neutral) PL: Retail - Easing of Covid restrictions (positive) RU: Polyus - FY 2021 operating results on par with gu...
AT: Atrium - Announcement of the amount and payment dates of dividends based on adj. FFO (neutral) AT: Palfinger - Contract of CFO Strohbichler extended until the end of 2027 (neutral) AT: Raiffeisen Bank International - Q4 2021 consolidated net profit of EUR 317 mn 24% ahead of consensus / FY 22 guidance announced and proposed EUR 1.15 DPS from 2021 HU: MOL - January model refinery and petchem margins lower mom mainly due to higher gas prices (negative) PL: AmRest - Development agree...
Oil&Gas: OPEC+ meeting - OPEC+ decided to continue increasing its output in February as Omicron concerns ease AT: Andritz - Andritz to supply boiler to Japan (neutral) AT: Kapsch TrafficCom - Kapsch TrafficCom and Transcore reach resolution to patent infringement case (neutral) AT: Oesterreichische Post - Parcel volume growth of 11% in FY 21 indicates cool down in Q4 (negative) PL: Banks - Central bank raises key rate by 50 bps to 2.25% (neutral) PL: Consumer - The government is con...
AT: Flughafen Wien - November traffic falls below 50% of 2019 level (negative) AT: Verbund - EnBW acuired 25.1% in e-mobility subsidiary SMATRICS (neutral) PL: AmRest - Bank facilities extended (neutral) PL: Orange Polska - MVNOs to be added next year (neutral)
AT: Erste Group - Erste may buy Hungarian unit of Commerzbank (neutral) AT: Oesterreichische Post - Q3 21 slightly topping market expectations, moderate increase of FY EBIT guidance (positive) AT: Polytec - Q3 revenues and EPS in line with RBIe but miss on operating profit, unconvincing cash flow, vague outlook of positive EBIT maintained (negative) AT: RBI - EGM approves EUR 0.75 per share dividend PL: Alior Bank - Triple change in the management board (neutral) PL: AmRest - Q3 21 ...
AT: Erste Group - Q3 21 net profit 10% ahead of expectations, modest 2021 guidance upgrade mainly on lower risk costs and strong fees in Q3, no 2022 outlook at this stage (positive) AT: OMV - Speculation about a potential split of the company (neutral) HU: Wizz Air - October capacity similar to 2019, load-factor of 80% (neutral) PL: AmRest - Preliminary Q3 21 sales grow by 20.9% yoy to EUR 533.6 mn (neutral) PL: mBank - 2025 KPIs announced / CMD takes place on November 16 (positive) ...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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