VIENNA (dpa-AFX) – The Vienna stock market closed slightly higher on Wednesday. The Austrian leading index ATX improved by 0.34 percent to 3,602.14 points. There were also mostly slight increases on the leading European stock exchanges before the announcement of the US key interest rate decision in the evening.
On the Vienna stock market, the AT&S share (ATS (AT&S)) attracted the attention of investors with a whopping price discount of 18.7 percent. The Styrian circuit board manufacturer has issued a sales and profit warning for the current financial year. In an initial assessment, analysts from Erste Group wrote of a negative development. According to the experts, the new sales guidance is 25 percent lower than the previous one and 34 percent lower in the outlook for operating earnings (Ebitda).
AMAG recorded an increase of 2.5 percent. The Upper Austrian aluminum group is expected to report an operating result (EBIT) that is 15 million euros lower than expected in the 2024 financial year. The reason is special depreciation in the AMAG components division, which is struggling with rising production costs, among other things. The EBIT range will therefore be between 55 million and 75 million euros. However, the EBITDA range communicated by AMAG remains unchanged.
Pierer Mobility (Pierer Mobility (ex KTM Industries)) gained 0.5 percent. The KTM mother is looking for investors to raise new money for the insolvent motorcycle manufacturer. The US investment bank Citigroup has been commissioned to reorganize the ownership structure. The aim is for investors to subscribe to “a necessary cash capital increase or financial instruments”. In mid-November, Pierer Mobility spoke of a financial requirement in the three-digit million range.
OMV (OMV) stocks improved by 0.2 percent. The partially state-owned company no longer wants to sell its exploration and production (E&P) business in New Zealand. After several reviews, the company came to the decision that OMV New Zealand Limited would be better off in the OMV portfolio, said a company spokeswoman when asked by the Austrian news agency APA.
The heavily weighted banks were also in positive territory. Raiffeisen Bank International (Raiffeisen) rose in price by one percent and Erste Group (Erste Group Bank) also gained one percent. BAWAG shareholders were able to record an increase of 1.2 percent.
In the insurance sector, Uniqa shares rose by 3.1 percent. The titles of the Vienna Insurance Group (Vienna Insurance) increased by 1.8 percent.
Schoeller-Bleckmann (SBO) (Schoeller-Bleckmann) closed with minus 0.3 percent to 29.10 euros. The analysts at Wiener Privatbank have revised their fair value for the SBO shares downwards from 60.9 euros to 56.2 euros. The “buy” vote for the shares of the Lower Austrian oilfield supplier was confirmed at the same time./ste/mik/APA/men