EME Equity Market – April 2024 Market performance – green across all geographies, with Turkey outperforming. The MSCI EM Europe Index was up 5.3% mom in EUR terms and 4.2% mom in USD in April; while the Turkish ISE30 saw the strongest performance, adding 11.6% mom; followed by the Hungarian BUX (+5.0% mom); the Czech PX (+2.8% mom); the Greek ASE (+1.8% mom), the Polish WIG20 (+1.2% mom) and the Romanian BET (+0.1% mom) (all in EUR terms).
HEADLINES: • Santander Bank Polska: 1Q24 results – 19%+ headline ROE affected only slightly by FX mortgage saga costs • Bank Pekao: 1Q24 results in line with market's expectations NEUTRAL • PCF Group: 4Q23 headlines hit heavily by write-offs, but a more limited EBITDA loss than we had expected NEUTRAL • Erste Bank: 1Q24 results NEUTRAL • OMV: 1Q24 results – chemicals stronger than expected NEUTRAL • Borouge: 1Q24 results – better than expected POSITIVE • OMV Petrom: 1Q24 results NEUTRAL • Garan...
HEADLINES: • Arcelik: weak bottom-line performance in 1Q24 NEGATIVE • Sipchem: 1Q24 results – weak net income NEGATIVE • Kruk: issues flash 1Q24 net profit of PLN 338m NEUTRAL • EME Macro/Strategy: macro all-in-one (22-28 April) • Türkiye macro: MPC takes a pause, but hiking cycle not over yet • OTP Bank: CEO Csanyi speaks at AGM on future acquisitions and Russian exposure POSITIVE • Budimex: BXF Energia acquires 60 MW photovoltaic project NEUTRAL • Inter Cars: dividend policy for 2023-25E and p...
The CEE region is expected to deliver a moderate rebound of GDP growth in 2024,following the preceding year’s weak growth, fuelling expectations of sustainable profits inthe banking sector. Inflation is seen to be twin faced in our region, similar to most of the coreeconomies. Even with a diminished potential for much intra-year improvement of the inflationpath in 2024, this inflation provides several CEE central banks more room to cut policy ratesthis year. Lower interest rates are expected to ...
EQS-News: AMAG Austria Metall AG / Key word(s): Quarter Results AMAG Austria Metall AG: Challenging environment influences quarterly result 24.04.2024 / 07:20 CET/CEST The issuer is solely responsible for the content of this announcement. Ranshofen, April 24, 2024 AMAG Austria Metall AG: Challenging environment influences quarterly result Quarterly performance influenced by lower aluminium price and lower shipment volumes due to partly subdued incoming orders in Q4/2023 Revenue of EUR 335.8 million below the previous year's level due to price and volume factors (Q1/...
EQS-News: AMAG Austria Metall AG / Schlagwort(e): Quartalsergebnis AMAG Austria Metall AG: Herausforderndes Umfeld beeinflusst Quartalsergebnis 24.04.2024 / 07:20 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Ranshofen, 24. April 2024 AMAG Austria Metall AG: Herausforderndes Umfeld beeinflusst Quartalsergebnis Quartalsentwicklung beeinflusst von niedrigerem Aluminiumpreis und geringerer Absatzmenge infolge der teils verhaltenen Auftragseingänge in Q4/2023 Umsatzerlöse mit 335,8 Mio. EUR preis- und mengenbedingt unter dem Vorja...
EQS-News: Wienerberger AG / Schlagwort(e): Strategische Unternehmensentscheidung wienerberger legt Grundstein für hochmodernes CO2-neutrales Betondachstein-Werk 17.04.2024 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. wienerberger legt Grundstein für hochmodernes CO2-neutrales Betondachstein-Werk Das CO2-neutrale Werk im ungarischen Hejőpapi wird durch Nutzung modernster Industrie 4.0-Lösungen europaweit neue Standards setzen Investition stärkt die regionale industrielle Entwicklung und ermöglicht höhere Qualitätsstandard...
EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision wienerberger sets cornerstone for state-of-the-art concrete roof tile plant 17.04.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. wienerberger sets cornerstone for state-of-the-art concrete roof tile plant The CO2-neutral plant in Hejőpapi, Hungary, will set new standards across Europe by using state-of-the-art Industry 4.0 solutions Investment strengthens regional industrial development and enables higher quality standards in production Vienna, April 17, 20...
EQS-News: Wienerberger AG / Key word(s): Strategic Company Decision wienerberger secures attractive long-term financing until 2033 09.04.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. wienerberger secures attractive long-term financing until 2033 New € 600 million credit facility serves to finance the newly acquired Terreal roofing business and to refinance maturing bond Vienna, April 9, 2024 – Following the closing of the Terreal acquisition, the largest in the company's 200-year history, wienerberger has successfully a...
EQS-News: Wienerberger AG / Schlagwort(e): Strategische Unternehmensentscheidung wienerberger sichert sich attraktive langfristige Finanzierung bis 2033 09.04.2024 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. wienerberger sichert sich attraktive langfristige Finanzierung bis 2033 Neue Kreditlinie über 600 Mio. € dient zur Finanzierung der neu erworbenen Dach-Geschäftsaktivitäten von Terreal sowie zur Refinanzierung der demnächst fälligen Anleihe Wien, 09. April 2024 – Im Anschluss an das erfolgreiche Closing der Terreal...
EME Equity Market – March 2024 Market performance – mixed performances in March, with the Romanian BET outperforming. The MSCI EM Europe Index declined by 0.3% mom in EUR terms and 0.4% mom in USD in March. The Romanian BET reported the strongest performance, adding 7.1% mom in EUR terms, followed by the Czech PX and the Polish WIG20 (+4.1% and 1.0% mom, in EUR terms, respectively). Greece saw a relatively muted performance (-0.2% mom in EUR terms), while Hungary (-1.1% mom in EUR terms) and Tür...
EQS-News: IMMOFINANZ AG / Schlagwort(e): Jahresergebnis/Immobilien IMMOFINANZ 2023 mit starker operativer Performance 27.03.2024 / 18:05 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. IMMOFINANZ 2023 mit starker operativer Performance Kräftige Zuwächse bei Mieterlösen und operativen Ergebnissen Mieterlöse um 77,8% auf EUR 533,6 Mio. gestiegen Deutlich verbessertes like-for-like Mietwachstum von 8,5% Ergebnis aus Asset Management um 85,1% auf EUR 418,5 Mio. erhöht Operatives Ergebnis um 84,7% auf EUR 285,1 Mio. deutlich g...
EQS-News: IMMOFINANZ AG / Key word(s): Annual Results/Real Estate IMMOFINANZ 2023 with strong operating performance 27.03.2024 / 18:05 CET/CEST The issuer is solely responsible for the content of this announcement. IMMOFINANZ 2023 with strong operating performance Strong growth in rental income and operating results Rental income rose by 77.8% to EUR 533.6 million Sound 8.5% improvement in like-for-like rental income Results of asset management increased by 85.1% to EUR 418.5 million Substantial growth of 84.7% in results of operations to EUR 285.1 million ...
EQS-News: Wienerberger AG / Schlagwort(e): Jahresergebnis Die Zukunft des Bauens gestalten – wienerberger veröffentlicht online Geschäfts- und Nachhaltigkeitsbericht 2023 25.03.2024 / 08:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Die Zukunft des Bauens gestalten – wienerberger veröffentlicht online Geschäfts- und Nachhaltigkeitsbericht 2023 Wien, 25. März 2024 – In einem volatilen und herausfordernden Marktumfeld blickt wienerberger positiv auf das Geschäftsjahr 2023 zurück. Mit einem Umsatz von insgesamt 4,2 Mrd. € und ...
EQS-News: Wienerberger AG / Key word(s): Annual Results Shaping the future of construction – wienerberger’s 2023 annual and sustainability report published online 25.03.2024 / 08:30 CET/CEST The issuer is solely responsible for the content of this announcement. Shaping the future of construction – wienerberger’s 2023 annual and sustainability report published online Vienna, March 25, 2024 – In a volatile and challenging economic environment, wienerberger can look back on a positive business year 2023. With total revenues of € 4.2 billion and operating EBITDA of € 811...
Our target price for OMV is EUR 48.1, indicating a 27% upside potential, inclusive of the announced EUR 5.05 dividend. For MOL, we propose a target price of HUF 3,245, suggesting an 18% upside potential, factoring in an estimated dividend of HUF 250. We recommend 'Buy' for OMV and 'Accumulate' for MOL. In our opinion OMV holds a smaller risk. Despite challenges in the petrochemical sector, the company has achieved greater success with its international E&P portfolio, boasts more efficient refini...
EQS-News: IMMOFINANZ AG / Key word(s): Real Estate/Disposal IMMOFINANZ sells office properties in Vienna 15.03.2024 / 11:30 CET/CEST The issuer is solely responsible for the content of this announcement. IMMOFINANZ sells office properties in Vienna IMMOFINANZ is taking another step in optimising its portfolio by selling two office properties in Vienna. The properties in the 20th district of Vienna have been successfully sold to an Austrian real estate investor. “The most recent sales in Austria and Croatia show that we are also making very good progress in optimising o...
EQS-News: IMMOFINANZ AG / Schlagwort(e): Immobilien/Verkauf IMMOFINANZ verkauft Büroimmobilien in Wien 15.03.2024 / 11:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. IMMOFINANZ verkauft Büroimmobilien in Wien Die IMMOFINANZ setzt mit dem Verkauf von zwei Büroimmobilien in Wien einen weiteren Schritt im Rahmen ihrer Portfoliooptimierung. Die Liegenschaften im 20. Wiener Gemeindebezirk wurden erfolgreich an einen österreichischen Immobilieninvestor verkauft. „Die jüngsten Verkäufe in Österreich und Kroatien zeigen, dass wir bei d...
EQS-News: Österreichische Post AG / Key word(s): Annual Results AUSTRIAN POST 2023 Results: Increase in 2023 revenue and earnings driven by strong parcel growth and improvement in bank99 13.03.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. AUSTRIAN POST 2023 RESULTS: Increase in 2023 revenue and earnings driven by strong parcel growth and improvement in bank99 Revenue in 2023 Revenue +8.7 % to EUR 2,740.8m Mail –2.3 % to EUR 1,190.4m Parcel & Logistics +16.6 % to EUR 1,416.5m Retail & Bank +37.6 % to ...
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