Börse Express – Oil prices inconsistent

Oil prices initially did not find a clear direction on Friday. In the morning, a barrel (159 liters) of North Sea Brent cost $ 47.81. That was two cents more than at the close of trading the previous day. The price for a barrel of the US West Texas Intermediate (WTI), however, fell by 70 cents to 45.01 dollars.

Most recently, oil prices have fallen again after reaching their highest level since the first Corona wave in spring during the week. The prospect of virus vaccines soon available is providing a boost to the oil market. The hope is that restrictions to contain the pandemic could then be removed, which would benefit the economy and increase oil consumption. Rapid and widespread vaccinations are unlikely, however.

In this situation, the major oil-producing countries will have to decide on their production policy at the beginning of next week. It is expected that the Opec + oil network, contrary to the previous plan, will not increase its production at the beginning of 2021, but will instead continue existing production limits. In this way, the association would react to the short-term economic dampener as a result of the current virus wave./bgf/mis

AXC0071 2020-11-27/08:00

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Börse Express – Analysts for Andritz, Mayr-Melnhof, Raiffeisen Bank International, Valneva, Varta and Verbund

Societe Generale confirms the Buy recommendation for Raiffeisen Bank International – and reduces its target price from EUR 20.0 to EUR 19.0. Last closing price: 15.05 euros – average target price: 18.02 euros.

Goldman Sachs re-rates Andritz with a Buy recommendation – and names EUR 41.0 as a target price. Last closing price: 33.74 euros – average target price: 38.25 euros.

Kepler Cheuvreux confirms the Buy recommendation for Mayr-Melnhof – and increases the target price from EUR 164.0 to EUR 166.0. Last closing price: 149.2 euros – average target price: 155.25 euros.

RCB confirms the hold recommendation – and increases its target price from EUR 150.0 to EUR 154.0.

Barclays confirms the recommendation equal to underweight for Verbund – and the target price from 44.0 to 43.0 euros. Last closing price: 54.2 euros – average target price: 44.83 euros.

First Berlin confirms the buy recommendation for Valneva – and reduces the target price from 9.1 to 8.4 euros. Now no longer the highest of all course targets. Last closing price: EUR 5.61 – average target price: EUR 7.31.

MM Warburg confirms Varta’s recommendation to sell – and increases its target price from EUR 80.0 to EUR 85.0. Also the lowest of all course targets. Last closing price: 114.8 euros – average target price: 119.6 euros.

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Börse Express – Analysts for EVN, Varta, Verbund and voestalpine

Commerzbank confirms the Reduce recommendation for voestalpine – and increases the target price from 14.0 to 22.0 euros. Now no longer the lowest of all course targets. Last closing price: 25.55 euros – average target price: 21.81 euros.

Wr. Privatbank confirms the recommendation to sell – and increases the price target from 18.2 to 20.0 euros.

Barclays reduced the recommendation of Equalweight to underweight for Verbund – and the target price from 44.0 to 43.0 euros. Last closing price: 54.15 euros – average target price: 44.83 euros.

RCB confirms the Buy recommendation for EVN – and increases its target price from 19.0 to 20.0 euros. Last closing price: 14.78 euros – average target price: 17.75 euros.

Commerzbank confirms the Hold recommendation for Varta – and reduces the target price from 125 to 115 euros. Last closing price: 115.5 euros – average target price: 119 euros.

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Börse Express – Vienna Stock Exchange (opening) – ATX slightly weaker in the morning / leading index down 0.23 percent – Negative environment after weak Asia targets

The Vienna Stock Exchange presented itself with slight price losses on Friday morning. The ATX started the session weaker, but was able to contain the discounts quickly and was at 2,029.50 points at 9:45 a.m., which is a drop of 4.69 points or 0.23 percent.

The European stock exchange environment also started trading with discounts. In particular, the current tightening of restrictions in numerous countries and their economic consequences are causing uncertainty. In addition, the specifications for the Asian markets were negative.

The shares of Palfinger were a good three percent weaker according to the figures. The Salzburg crane manufacturer felt the corona crisis. Even if the economy recovered in the third quarter, the company was unable to compensate for the massive slump in the first half of the year.

The bigger losers also included DO&CO with minus 2.9 percent and Vienna Airport, which fell 2.2 percent. FACC and Mayr-Melnhof were each around 1.8 percent in the red.

Voestalpine was 1.4 percent weaker among the index heavyweights. In contrast, Verbund was able to increase by 0.9 percent. The domestic bank stocks showed little change with exchange rate losses of between 0.1 and 0.5 percent.

In a strong European oil sector, domestic industry representatives were also able to make up ground. Schoeller-Bleckmann headed the list of winners in the prime market with a price increase of 1.25 percent. OMV improved slightly by 0.2 percent.

The ATX Prime was listed at 1,036.78 points, 0.28 percent or 2.9 points lower. In the prime market, eleven stocks showed higher prices, 19 lower prices and four unchanged. There has been no price formation in four stocks so far. Up to 9.45 a.m., a total of 639,464 shares were traded in single counting with a market value of 12.993 million euros (double counting).

ger / sto

 ISIN  AT0000999982

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Börse Express – Analysts on Bawag, Erste Group, Raiffeisen Bank International, Verbund and voestalpine

Societe Generale confirms the Buy recommendation for Erste Group – and reduces its target price from EUR 26.0 to EUR 25.0. Last closing price: 18.34 euros – average target price: 27.3 euros.

HSBC confirms the recommendation to buy – and increases the target price from 27.0 to 28.0 euros.

HSBC increases Raiffeisen Bank International’s recommendation from Hold to Buy – and its price target from 17.0 to 18.0 euros. Last closing price: 13.34 euros – average target price: 19.18 euros.

HSBC confirms the Buy recommendation for Bawag – and increases its target price from EUR 44.0 to EUR 46.0. Last closing price: 34.24 euros – average target price: 40.98 euros.

Kepler Cheuvreux confirms the Reduce recommendation for voestalpine – and increases the target price from EUR 15.0 to EUR 16.0. Last closing price: 25.2 euros – average target price: 20.77 euros.

Kepler Cheuvreux increases the recommendation from Reduce to Buy for Verbund – and the price target from EUR 30.0 to EUR 60.0. From lowest to highest of all price targets. Last closing price: 52.15 euros – average price target: 43.8 euros.

(Bloomberg/red)

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Börse Express – Oil prices decline moderately

Oil prices fell moderately at the beginning of the week. At first there was no strong impetus. A barrel (159 liters) of North Sea Brent cost 41.69 US dollars at midday. That was 23 cents less than on Friday. The price of a barrel of US West Texas Intermediate (WTI) fell 34 cents to $ 39.91.

The situation on the crude oil market has changed little in the past few days. Accordingly, oil prices fluctuate within a narrow trading range. On the supply side, the Opec + oil network has been ensuring capped production for a long time. However, production was increased a bit at the beginning of August. There are also more discussions because not all network members adhere to the funding limit equally.

From the point of view of the commodities expert Eugen Weinberg from Commerzbank, the high level of investor interest supports oil prices. The resumption of production in Libya carries the risk of a price decline: “If Libya succeeds in increasing its oil production quickly and significantly, the oil market is threatened with another oversupply,” explained the expert.

Analyst Harry Tchilinguirian from the bank BNP Paribas also sees a risk for prices on the oil market in Libya. If the large oil fields in the southwest of the country immediately resume production, this will be the litmus test for the market, he commented on the current situation.

Overall, the demand for oil remains weak. It is being dampened primarily by the economic effects of the Corona crisis and the uncertain progress of the pandemic. Russia’s Energy Minister Alexander Nowak expressed the expectation at the weekend that the recovery will take a long time and will take place in small steps./ssc/jkr/jha/

AXC0192 2020-09-28/12:31

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Börse Express – Verbund – Erste Group lowers target price from EUR 46.0 to EUR 41.2 / Continue “Reduce”

The analysts of Erste Group have cut the price target for the papers of the domestic utility Verbund from EUR 46.00 to EUR 41.20 and at the same time confirmed the “Reduce” recommendation. Analyst Petr Bartek explained the lowering of the price target, among other things, with downward revised electricity prices and increased operating expenses (OPEX).

The earnings forecasts were also lowered. For 2020 Erste Group expects earnings per share of 1.60 (previously: 1.80) euros, for 2021 it is now 1.58 (previously: 1.98) euros and for 2022 the estimate is 2.01 ( previously 2.54) euros.

The expectations for the dividend have also been cut. The forecast for the dividend is 0.72 (previously: 0.81) euros for 2020, 0.79 (previously: 1.98 euros) for 2021 and 1.01 (previously 2.54) euros for 2022.

On Friday morning, the Verbund shares were listed on the Vienna Stock Exchange with a premium of 2.27 percent to 45.14 euros.

Analyzing institute Erste Group

Note: Information on the obligation to disclose in the event of conflicts of interest within the meaning of Directive 2014/57 / EU and corresponding EU regulations for the aforementioned analyst house can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html. (The published web links are taken over unchanged from the dpa-AFX website.)

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 WEB   http://www.verbund.com

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Börse Express – Vienna stock market expected to be weaker on the stock exchange / Negative overseas requirements

The Vienna stock market is expected to start trading on Tuesday with a weak trend. The domestic leading index ATX was indexed half an hour before the start of the session by a good 1.2 percent.

The European environment is also seen today with clear discounts after the friendly start of the week. Market observers referred to the negative requirements of the overseas stock exchanges. Growing corona concerns in the United States and the renewed tensions between the United States and China could also cloud the mood on the European stock exchanges, it said.

On the data side, the German ZEW survey is an important leading indicator for publication today. The data on industrial production in the eurozone and, in the afternoon, US consumer prices could also provide impetus for the financial markets.

The reporting situation in Vienna initially remained rather thin. Vienna Airport today announced traffic results. In the evening, after the close of trading in Vienna, Telekom Austria presents figures for the first half of the year.

On Monday, the ATX closed 1.04 percent higher at 2,301.70 points. According to market observers, investors’ hopes for the upcoming reporting season and a better-than-previously feared Corona quarter provided for a boost on the stock markets.

Support has recently also been given encouraging economic data, it said. Attention was also drawn to the growing hope of a vaccine against the coronavirus.

An industry comparison in Europe showed steel stocks among the larger winners. JPMorgan analysts pointed to a sharp rise in steel production in China at prices at the highest level of the year. In Vienna, voestalpine shares rose 2.39 percent.

Among the bigger winners were the titles of the Verbund with a price increase of 4.77 percent. EVN shares, on the other hand, were found at the lower end of the price list at minus 2.17 percent.

The biggest price winners in the prime market on Monday:

Zumtobel  +7,64% 6,48 Euro 
Verbund   +4,77% 43,08 Euro
Palfinger +4,06% 20,50 Euro

The biggest losers in the prime market on Monday:

Porr   -2,93% 14,58 Euro
s Immo -2,82% 16,52 Euro
EVN    -2,17% 14,42 Euro

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Börse Express – ROUNDUP: Holidaymakers increasingly rent motorhomes in Corona times

Drive wherever you want. And leave as soon as it gets tired. That is the charm of camping. Given the corona pandemic, this type of vacation is particularly popular this summer. The owners of mobile homes are happy about a great demand. There are also many customers who want to try camping for the first time, says Thomas Kretschmer from the association of independent motorhome rental companies in Staffelbach, Bavaria. Bookings have also increased significantly with the PaulCamper agency platform, which it claims to be the largest provider of private rentals in Germany.

Kretschmer rents out around 700 motor homes, vans and panel vans through its portal. His phone was idle for weeks. “The Easter business has been completely lost,” he says. But since the campsites are open again and people are allowed to travel again, more people have accessed his portal than ever before. The number of bookings increased significantly in May and June, says Kretschmer. There is great interest especially in the summer holidays. About 70 percent of the vehicles are already fully booked during this time.

The “PaulCamper” sharing platforms allow private owners to lend their camper vans, mobile homes and caravans for money, as they are left unused for many weeks a year. In the meantime, more than 6000 vehicles have been registered in Germany, Austria and the Netherlands. Founder Dirk Fehse sees a significantly increased demand for flexible, low-contact vacation alternatives. “The camping trend will not only continue, but will be accelerated by Corona,” he says. Since the beginning of May, the company has recorded growth of 100 percent compared to the same period last year with almost 9,000 bookings.

According to Kretschmer, there has been a boom in motorhomes in the past two years. The number of providers organized in the association of independent motorhome rental companies has also been increasing for years. Kretschmer sees above all a trend towards Bullis and panel vans, as these are cheaper than motorhomes. Because camping does not necessarily mean that you spend a cheap holiday.

“Many people underestimate the costs,” says Stephan Bühring from the RV rental company in Erlangen. A motorhome costs 140 to 160 euros per night in the main season. Add fuel and rent at the campsite. This year, he also receives more inquiries than usual. So far, however, there have been no more bookings than last year, he says. His guess: The price scares some beginners after all./igl/DP/zb

AXC0035 2020-06-28/10:05

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Börse Express – DGAP-News: Nordex SE: Nordex Group successfully extends guarantee credit line by three years (German)

Nordex SE: Nordex Group verlängert Garantiekreditlinie erfolgreich um drei Jahre

DGAP-News: Nordex SE / Schlagwort(e): Finanzierung
Nordex SE: Nordex Group verlängert Garantiekreditlinie erfolgreich um drei
Jahre

27.04.2020 / 07:30
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

---------------------------------------------------------------------------

PRESSEMITTEILUNG

Nordex Group verlängert Garantiekreditlinie erfolgreich um drei Jahre

- ESG-gebundene Garantiekreditlinie in Höhe von EUR 1,21 Mrd.

- Internationales Bankenkonsortium mit 21 Banken und Versicherungen

- Zweimalige Verlängerungsoption um je ein weiteres Jahr

Hamburg, 27. April 2020. Die Nordex Group hat ihre Garantiekreditlinie in
Höhe von EUR 1,21 Mrd. erfolgreich um drei Jahre bis April 2023 verlängert.
Die durch ein internationales Bankenkonsortium gestellte Garantielinie
ermöglicht es der Nordex Group, das Projektgeschäft mit ihren Kunden mit den
üblichen Bankgarantien in den jeweiligen Hauptwährungen abzusichern.

"Wir verdanken diesen angesichts des schwierigen Marktumfelds
außerordentlichen Erfolg unseren Partnerbanken, die diesen mit ihrem
Vertrauen gegenüber Nordex und ihrer unermüdlichen Unterstützung ermöglicht
haben", sagt Christoph Burkhard, Finanzvorstand der Nordex Group.

Das Bankenkonsortium unter der Führung der Banca IMI (Intesa Sanpaolo
Group), BNP Paribas, Commerzbank, HSBC und der UniCredit Bank umfasst
insgesamt 21 nationale und internationale Banken und Versicherungen und fußt
somit auf einem starken Fundament. In Anbetracht des unverändert guten
Auftragseingangs und den zahlreichen internationalen Projekten kommt dieser
Garantielinie eine hohe Bedeutung zu. Sie ist unbesichert und umfasst auch
eine sogenannte Abzweiglinie in Höhe von EUR 100 Mio., die zur
Inanspruchnahme von bilateralen Bankkrediten oder Avalen genutzt werden
kann.

Diese Garantielinie wurde von ISS Oekom, einem weltweit führenden Anbieter
von Nachhaltigkeitsanalysen, unter der ESG-Bewertung mit dem Rating B und
somit als nachhaltig zertifiziert. Damit verfügt die Nordex Group nun neben
dem "grünen" Schuldscheindarlehen und dem Green Bond über ein weiteres
nachhaltiges Finanzierungsinstrument.

Die Laufzeit der Garantielinie ist drei Jahre und endet zunächst im April
2023. Sie kann mit Zustimmung der Banken zweimal um je ein weiteres Jahr
verlängert werden.

Die Nordex Group im Profil
Die Gruppe hat über 28 GW Windenergieleistung in über 40 Märkten installiert
und erzielte im Jahr 2019 einen Umsatz von etwa EUR 3,3 Mrd. Das Unternehmen
beschäftigt derzeit über 6.800 Mitarbeiter. Zum Fertigungsverbund gehören
Werke in Deutschland, Spanien, Brasilien, den USA, Indien, Argentinien und
Mexiko. Das Produktprogramm konzentriert sich auf Onshore-Turbinen der 2,4-
bis 5,X-MW-Klasse, die auf die Marktanforderungen von Ländern mit begrenzten
Ausbauflächen und Regionen mit begrenzten Netzkapazitäten ausgelegt sind.

Ansprechpartner für Rückfragen:

Nordex SE
Felix Losada
Telefon: +49 (0)40 / 300 30 - 1141
flosada@nordex-online.com

Ansprechpartner für Investoren:
Nordex SE
Felix Zander
Telefon: +49 (0)40 / 300 30 - 1116
fzander@nordex-online.com

---------------------------------------------------------------------------

27.04.2020 Veröffentlichung einer Corporate News/Finanznachricht,
übermittelt durch DGAP - ein Service der EQS Group AG.
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,
Corporate News/Finanznachrichten und Pressemitteilungen.
Medienarchiv unter http://www.dgap.de

---------------------------------------------------------------------------

   Sprache:        Deutsch
   Unternehmen:    Nordex SE
                   Erich-Schlesinger-Straße 50
                   18059 Rostock
                   Deutschland
   Telefon:        +49 381 6663 3300
   Fax:            +49 381 6663 3339
   E-Mail:         info@nordex-online.com
   Internet:       www.nordex-online.com
   ISIN:           DE000A0D6554
   WKN:            A0D655
   Indizes:        SDAX, TecDAX
   Börsen:         Regulierter Markt in Frankfurt (Prime Standard);
                   Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
                   München, Stuttgart, Tradegate Exchange
   EQS News ID:    1029721

   Ende der Mitteilung    DGAP News-Service
---------------------------------------------------------------------------

1029721 27.04.2020
 ISIN  DE000A0D6554

AXC0084 2020-04-27 / 07: 30

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