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MarketScreener Homepage  >  Equities  >  Wiener Boerse  >  IMMOFINANZ AG    IIA   AT0000A21KS2

IMMOFINANZ AG

(IIA)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 01/25 03:27:46 am
17.285 EUR   -0.43%
01/20IMMOFINANZ : Investor´s Update Q1-3 2020 (Update January)
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01/19IMMOFINANZ : Investor´s Update Q1-3 2020 (Update January).pdf
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2020IMMOFINANZ : Investor´s Update Q1-3 2020
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Immofinanz picks CEO with stake in on-off merger target S Immo

04/23/2020 | 07:32am EST

Austrian property group Immofinanz on Thursday named investor Ronny Pecik as its next chief executive, a move that will fuel speculation about a merger with rival S Immo since he owns stakes in both companies.

A tie-up has been on and off the cards for years as the companies look to create a stronger business and make savings.

They abandoned talks in November after failing to agree on a share exchange ratio. Immofinanz now says it is open to new talks, though the coronavirus pandemic complicates the timeframe.

In February, an investment vehicle partly owned by Pecik bought 10.7% in Immofinanz from Vice Chairman Rudolf Fries, who left the company in early March. Long-serving Chief Executive Oliver Schumy left shortly afterwards, citing personal reasons.

Pecik, a 58-year-old Austrian born in Croatia, and a partner hold around 14% in S Immo, and the two groups are already interlinked, with Immofinanz holding 29% in S Immo, and the smaller firm holding 12% in Immofinanz.

"Ronny Pecik is a leading entrepreneur and his many years of experience in executive and supervisory board positions carry a special strengthening of the executive board in challenging times like these," Immofinanz's supervisory board Chairman Michael Knap said in a statement.

"Further there is also a strong entrepreneurial responsibility grounded in the significant stake in Immofinanz," he added.

Pecik's term as chief executive lasts three years and begins on May 4, Immofinanz said.

(Reporting by Francois Murphy; Editing by Emelia Sithole-Matarise)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 0.73% 24.93 Delayed Quote.61.25%
BYD COMPANY LIMITED 2.50% 254.6 End-of-day quote.25.30%
IMMOFINANZ AG 0.23% 17.28 Delayed Quote.2.30%
S IMMO AG 0.66% 17.92 Delayed Quote.6.60%
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Financials
Sales 2020 307 M 374 M 374 M
Net income 2020 -65,9 M -80,2 M -80,2 M
Net Debt 2020 2 210 M 2 690 M 2 690 M
P/E ratio 2020 -140x
Yield 2020 4,64%
Capitalization 2 140 M 2 605 M 2 606 M
EV / Sales 2020 14,2x
EV / Sales 2021 13,9x
Nbr of Employees 294
Free-Float 65,7%
Chart IMMOFINANZ AG
Duration : Period :
IMMOFINANZ AG Technical Analysis Chart | IIA | AT0000A21KS2 | MarketScreener
Technical analysis trends IMMOFINANZ AG
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Average target price 20,77 €
Last Close Price 17,36 €
Spread / Highest target 55,5%
Spread / Average Target 19,7%
Spread / Lowest Target -17,1%
EPS Revisions
Managers and Directors
NameTitle
Ronny Pecik Chief Executive Officer
Bettina Breiteneder Chairman-Supervisory Board
Dietmar Reindl Chief Operating Officer
Stefan Schoenauer Bakk Chief Financial Officer
Nicolaas J. M. van Ommen Member-Supervisory Board