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Stock exchanges started Thursday in a good mood, including in Vienna, despite the shaky presidential game in America. But there is another reason for the good humor: Several companies performed surprisingly well in the third quarter.
While the US stock exchanges have long outgrown the crown crisis, the Vienna ATX is still far behind, with some stocks falling to a multi-year low in recent months. But now there are growing signs that the worst could have happened in this country too. There were a lot of quarterly numbers on Thursday that were surprisingly good. Shares of Verbund, Andritz and Wienerberger then rose sharply and also raised the ATX. Stock markets around the world had already risen dramatically the day before, and the shaking after the US presidential election had not scared them in any way.
Verbund generates more profits
In the first three quarters, Verbund achieved higher profits despite lower demand for electricity due to the crown and lower water supply. The association announced Thursday that the company is still in crisis mode, but operations continue to operate, in compliance with the relevant security measures. Prospects for the full year have been raised slightly.
Earnings before interest, taxes, depreciation and amortization (Ebitda) increased 4.6 percent to 989.5 million euros in the first nine months. Group profit increased 6.0 percent to € 477.7 million, group’s single-purpose adjusted result by 3.3 percent to € 468.3 million. The net debt ratio fell from 36.0 to 29.7 percent. Sales revenue fell 10.8 percent to 2.52 billion euros.
Then participation increased considerably. But he had done well in recent months.
Andritz positively surprises
Plant maker Andritz, whose shares had weakened massively in recent months, recently announced a surprisingly high profit. That was confirmed on Thursday.
Sales in the first three quarters of 2020 were 4.84 billion euros, 1.9 percent above the same period of the previous year. The group’s profit (after deducting minority interests) tripled in the first three quarters of 2020 from € 46.5 million to € 137.3 million. Inbound orders were 4.74 billion, 18.2 percent below the same period last year. But at that time there was an important request. Inbound orders, however, reached the second highest value ever during the first three quarters of a year.
Wienerberger better than expected
With an unexpectedly good third quarter, the world’s largest brick producer, Wienerberger, also performed better in the first nine months than analysts had predicted, despite the corona crisis. The profit before interest, taxes, depreciation and amortization (Ebitda) was 432 million euros, only 7% below the figures of nine months of 2019, the profit before interest and taxes (Ebit) was reduced to the half to 131.2 million euros and the net profit decreased. by 79 percent to 43.3 million euros.
