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 PRESS RELEASE

EQS-News: Announcement on the payment of the cash distribution of the ...

EQS-News: STRABAG SE / Key word(s): Corporate Action/Payout Announcement on the payment of the cash distribution of the capital reduction of STRABAG SE resolved on 16 June 2023 to the holders of value rights 20.11.2024 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRABAG SE VillachAnnouncement on the payment of the cash distribution of the capital reduction of STRABAG SE resolved on 16 June 2023 to the holders of value rights ISIN: AT0000A36HK3 At the 19th Annual General Meeting of STRABAG SE, FN 88983h, Triglavstraße 9, 9500 Vi...

 PRESS RELEASE

EQS-News: Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16...

EQS-News: STRABAG SE / Schlagwort(e): Kapitalmaßnahme/Ausschüttungen Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE an die Inhaberinnen und Inhaber der Wertrechte 20.11.2024 / 09:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE   Villach   Bekanntmachung zur Auszahlung der Bar-Ausschüttung der am 16.6.2023 beschlossenen Kapitalherabsetzung der STRABAG SE an die Inhaberinnen und Inhaber der Wertrechte ISIN: AT0000A36HK3 In der am 16.6.2023 abgehaltene...

 PRESS RELEASE

EQS-News: STRABAG SE Trading Statement 9M/2024: Starkes Auftragswachst...

EQS-News: STRABAG SE / Schlagwort(e): 9-Monatszahlen STRABAG SE Trading Statement 9M/2024: Starkes Auftragswachstum in den ersten neun Monaten 2024 14.11.2024 / 07:00 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. STRABAG SE Trading Statement 9M/2024: Starkes Auftragswachstum in den ersten neun Monaten 2024 Leistung stabil auf hohem Niveau bei € 13,6 Mrd. Auftragsbestand gegenüber Ende 2023 um 8 % auf € 25,3 Mrd. ausgebaut, im Jahresvergleich +4 % Ausblick 2024 bestätigt: Leistung rd. € 19,4 Mrd., EBIT-Marge ≥ 4 %         ...

 PRESS RELEASE

EQS-News: STRABAG SE Trading Statement 9M/2024: Strong order growth in...

EQS-News: STRABAG SE / Key word(s): 9 Month figures STRABAG SE Trading Statement 9M/2024: Strong order growth in the first nine months of 2024 14.11.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. STRABAG SE Trading Statement 9M/2024: Strong order growth in the first nine months of 2024 Output stable at a high level of € 13.6 billion Order backlog up 8% to € 25.3 billion since 31 December 2023, +4% year-on-year Outlook for 2024 confirmed: output volume of around € 19.4 billion, EBIT margin ≥ 4%             STR...

Mihaly Gajda
  • Mihaly Gajda

Oil & gas macroeconomic environment shifts from tailwind to headwind f...

We have updated our financial model to reflect recent macroeconomic developments, setting a 2025 year-end ex-dividend target price of 42.6 EUR, representing a 23.1% upside including the anticipated EUR 4.00 dividend following the 2024 fiscal year. Consequently, we maintain our Buy recommendation for OMV.

Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

Verbund : Good performance short term but environment more uncertain l...

>Results broadly in line with our expectations - Verbund’s 9M 2024 results, reported yesterday evening, were in line with our expectations. Given a sharp drop in contractual prices to € 117/MWh (vs around € 170/MWh last year), nine-month EBITDA dropped to € 2.625bn (-26%) vs € 2.637bn forecast. EBIT came in at € 2.003bn (-36%), including asset impairments. On an adjusted basis (excl. impairments), EBIT came to € 2.198bn (-30.1%), in line with our forecasts, at € 2.23...

Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

Verbund : Bonne performance à CT mais environnement plus incertain à L...

>Un résultat globalement en ligne avec nos attentes - Verbund a publié hier ses résultats pour les 9M de l'année 2024, qui sont conformes à nos prévisions. Compte tenu d'une forte baisse des prix contractuels à 117 €/MWh (contre environ 170 €/MWh l'année dernière), l'EBITDA des 9 premiers mois est tombé à 2 625 M€ (-26%) contre 2 637 M€ prévus. L'EBIT s'élève à 2 003 M€ (-36%), y compris les dépréciations d'actifs. Sur une base ajustée (hors dépréciation), l'EBIT s'él...

Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

Verbund : Results in line. Slightly upgraded guidance, as expected

>Results in line confirming good performance to be expected in 2024 - Verbund this morning released its 9M24 results which were in line with our forecast. Given a sharp drop in contracted prices to € 117/MWh (vs c. € 170/MWh last year) 9M EBITDA deceased to € 2,625m (-26%) vs € 2,637m expected. EBIT came in at € 2,003m (-36%) including impairments. On an adjusted basis (excluding impairment) EBIT came in at € 2,198m (-30.1%) in line with our forecast at € 2231m. Adju...

Louis Boujard ... (+3)
  • Louis Boujard
  • CFA
  • Philippe Ourpatian

Verbund : Results in line. Slightly upgraded guidance, as expected

>Results in line confirming good performance to be expected in 2024 - Verbund this morning released its 9M24 results which were in line with our forecast. Given a sharp drop in contracted prices to € 117/MWh (vs c. € 170/MWh last year) 9M EBITDA deceased to € 2,625m (-26%) vs € 2,637m expected. EBIT came in at € 2,003m (-36%) including impairments. On an adjusted basis (excluding impairment) EBIT came in at € 2,198m (-30.1%) in line with our forecast at € 2231m. Adju...

 PRESS RELEASE

EQS-News: VERBUND AG: Ergebnis Quartale 1–3/2024: Rückläufige Ergebnis...

EQS-News: VERBUND AG / Schlagwort(e): Quartalsergebnis/9-Monatszahlen VERBUND AG: Ergebnis Quartale 1–3/2024: Rückläufige Ergebnisentwicklung trotz guter Wasserführung und gestiegener Erzeugung aus Wind & PV 07.11.2024 / 07:59 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Das vergangene Quartal 3/2024 war von außergewöhnlichen Wetterbedingungen geprägt, die die klimatischen Veränderungen erneut eindrücklich unter Beweis stellen. In Teilen Österreichs ereigneten sich im September lokale Hochwasserereignisse. Gleichzeitig durchlebten ...

 PRESS RELEASE

EQS-News: VERBUND AG: Results for quarters 1–3/2024: Decline in earnin...

EQS-News: VERBUND AG / Key word(s): Quarter Results/9 Month figures VERBUND AG: Results for quarters 1–3/2024: Decline in earnings despite good water supply and higher wind and PV output 07.11.2024 / 07:59 CET/CEST The issuer is solely responsible for the content of this announcement. The unmistakeable impact of climate change could be felt yet again in quarter 3/2024, which was marked by extreme weather conditions. Parts of Austria saw localised flooding in September. At the same time, we experienced a hot, dry summer intensified by the exceptionally warm Adriatic Sea, p...

Research Team
  • Research Team

The Rear-View Mirror – EME markets: only the Czech Republic in the bla...

EME Equity Market – October 2024 A red October for the EME indices, only Czechia in positive territory. The MSCI EM Europe Index declined by 6.0% in EUR terms and 8.4% in USD terms in October. The Czech PX index was the only one spared, adding 1.3% mom in EUR terms. Türkiye was battered the most, with the Turkish ISE30 declining by 7.3% mom in EUR terms, followed closely by the Polish WIG20 (-6.7% mom in EUR terms). Greece fell 4.8% mom in EUR terms, while the Hungarian BUX index lost 2.7% mom i...

BRE MBANK SA
JMT JERONIMO MARTINS SGPS S.A.
OPAP GREEK ORGANISATION OF FOOTBALL PROGNOSTICS SA
KRU KRUK S.A.
EBS ERSTE GROUP BANK AG
CEZ CEZ AS
ACP ASSECO POLAND SA
HTO HELLENIC TELECOMMUNICATIONS ORGANIZATION SA
CDR CD PROJEKT S.A.
RBI RAIFFEISEN BANK INTERNATIONAL AG
OMV OMV AG
PKO PKO BANK POLSKI S.A.
KOMB KOMERCNI BANKA A.S.
ALK ALKALOID AD SKOPJE
BIMAS BIM BIRLESIK MAGAZALAR A.S.
WIZZ WIZZ AIR HOLDINGS PLC
SPL SANTANDER BANK POLSKA SA
MIL BANK MILLENNIUM SA
BSK ING BANK SLASKI S.A.
BDX BUDIMEX S.A.
GEKTERNA GEK TERNA
KTY GRUPA KETY SA
TPS ORANGE POLSKA S.A.
CAI CA IMMOBILIEN ANLAGEN AG
MYTIL MYTILINEOS S.A.
SAR GR. SARANTIS S.A.
LPP LPP S.A.
AKCNS AKCANSA CIMENTO
ASELS ASELSAN ELEKTRONIK SANAYI VE TICARET A.S. CLASS B
CIMSA CIMENTO SANYAI VE TICARET A.S.
CCC CCC SA
2310 SAHARA INTERNATIONAL PETROCHEMICAL COMPANY
DOM DOM DEVELOPMENT SA
AEGN AEGEAN AIRLINES SA
MGROS MIGROS TICARET A.S
ARCLK ARCELIK A.S.
OTKAR OTOKAR OTOMOTIV VE SAVUNMA SANAYI A.S.
EUR EUROCASH S.A.
GSPARK GRAPHISOFT PARK SE
ALR ALIOR BANK SA
OTOEL AUTOHELLAS S.A.
WPL WIRTUALNA POLSKA HOLDING SA
SAB1L SIAULIU BANKAS
BRD BRD-GROUPE SOCIETE GENERALE
MONET MONETA MONEY BANK AS
SNP PETROM S.A.
TOFAS TOFAS TURK OTOMOBIL FABRIKASI A.S.
DNP DINO POLSKA S.A.
RICHT RICHTER
R22 R22
MCOV B MEDICOVER AB
ADNOCDIST ADNOC DISTRIBUTION PJSC
CGEO GEORGIA CAPITAL
SOKM SOK MARKETLER TICARET AS
KAP NATIONAL ATOMIC COMPANY KAZATOMPROM
ALG ALLEGRO.EU SA
KSPI KASPI KZ
INPST INPOST S.A.
WPS W.A.G PAYMENT SOLUTIONS PLC
ADNOCDRILL ADNOC DRILLING CO
7202 ARABIAN INTERNET & COMMUNICATIONS SERVICES CO
ELPE HELLENIQ ENERGY
4071 ARABIAN CONTRACTING SERVICES CO
AIRA AIR ASTANA JSC
GEV GEVORKYAN A.S.
Research Team
  • Research Team

WOOD Daily: MIL PW; SPL PW; OMV AV; SNP RO; BDX PW; EUR PW

HEADLINES: • Bank Millennium: ambitious, but achievable, 2025-28E strategy implies a return to growth and more of a focus on the corporate segment POSITIVE • Bank Millennium: 3Q24 results in line; key focus on 2025-28E strategic update • Santander Bank Polska: posts solid 3Q24 profits, as NII peaks and FX mortgage saga costs are very low for the quarter • OMV: 3Q24 results – CCS EBIT in line with the consensus NEUTRAL • OMV Petrom: 3Q24 results in line with consensus NEUTRAL • Budimex: key takea...

Research Team
  • Research Team

WOOD Daily: ACP PW; EME Macro/Strategy Weekly; GE Macro; ARCLK TI; SOL...

HEADLINES: • Asseco Poland: profitability rebound slower than expected (downgraded to HOLD) • EME Macro/Strategy: macro all-in-one (21-27 October) • Georgia macro: early takes following the parliamentary election • Arcelik: weak set of results in 3Q24 NEGATIVE • Solutions by STC: 3Q24 results NEGATIVE • Budimex: 3Q24 EBIT marginally above our and the market's expectations NEUTRAL • Cimsa: 3Q24 conference call takeaways • PKO BP: three of four largest minority shareholders act jointly to call EGM...

 PRESS RELEASE

EQS-News: VERBUND AG: Climate Transition Plan published – VERBUND plan...

EQS-News: VERBUND AG / Key word(s): ESG VERBUND AG: Climate Transition Plan published – VERBUND plans to be climate neutral by 2040 and achieve net zero by 2050 24.10.2024 / 11:08 CET/CEST The issuer is solely responsible for the content of this announcement. As a leading Austrian energy company and one of the largest producers of hydroelectricity in Europe, VERBUND is committed to becoming climate neutral by 2040 and achieving net zero greenhouse gas emissions by 2050. With the Climate Transition Plan published today, VERBUND has set a clear path with measurable targets...

 PRESS RELEASE

EQS-News: VERBUND AG: Climate Transition Plan veröffentlicht - Klimane...

EQS-News: VERBUND AG / Schlagwort(e): ESG VERBUND AG: Climate Transition Plan veröffentlicht - Klimaneutralität bis 2040 und Net Zero bis 2050 24.10.2024 / 11:08 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. VERBUND verpflichtet sich als führendes österreichisches Energieunternehmen und einer der größten Stromerzeuger aus Wasserkraft in Europa zur Erreichung der Klimaneutralität bis 2040 und zu Net-Zero-Treibhausgasemissionen bis 2050. Mit dem heute veröffentlichten Climate Transition Plan stellt VERBUND einen klar festgelegten Weg...

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