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    ALV   DE0008404005

ALLIANZ SE

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Allianz Invests EUR1 Billion in Austrian Fibre-Optic Rollout

11/26/2021 | 05:11am EST

By Ed Frankl

Allianz SE said Friday that it would invest 1 billion euros ($1.12 billion) in fibre-optic network rollout in Austria.

The German insurer said its subsidiary Allianz Capital Partners entered into an agreement with infrastructure company Oesterreichische Glasfaser-Infrastrukturgesellschaft to connect up to 1 million households to the fibre-optic network by 2030.

Allianz has been involved in deploying fibre infrastructure since 2019, it said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

11-26-21 0511ET

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Financials
Sales 2021 143 B 162 B 162 B
Net income 2021 8 975 M 10 181 M 10 181 M
Net Debt 2021 24 870 M 28 210 M 28 210 M
P/E ratio 2021 10,2x
Yield 2021 4,79%
Capitalization 90 555 M 103 B 103 B
EV / Sales 2021 0,81x
EV / Sales 2022 0,75x
Nbr of Employees 150 269
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Mean consensus BUY
Number of Analysts 19
Last Close Price 221,70 €
Average target price 241,00 €
Spread / Average Target 8,71%
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Managers and Directors
Oliver Bäte Chief Executive Officer
Giulio Terzariol CFO, Head-Finance, Controlling & Risk
Michael Diekmann Chairman-Supervisory Board
Barbara Karuth-Zelle Chief Operating Officer
Renate Wagner Head-Human Resources, Legal & Compliance
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