Earnings Release • Jul 15, 2020
Earnings Release
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DGAP-Ad-hoc: Burgenland HoldingAG/ Keyword(s): Change in Forecast
Burgenland HoldingAG: Energie BurgenlandAG, in which Burgenland HoldingAGholds a 49%interest, has an open position vis-à-vis Commerzialbank Mattersburg on account of dailyallowances in the mid-single-digit million euro range
15-Jul-2020 / 13:06 CET/CEST
Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG.
The issuer is solelyresponsible for the content of this announcement.
Burgenland Holding AG was informed today by Energie Burgenland AG that it invested a minor portion, measured against the total volume, of its daily allowances in Commerzialbank Mattersburg im Burgenland Aktiengesellschaft, whose business operations have been prohibited with immediate effect by the Austrian Financial Market Authority (FMA). Energie Burgenland AG assumes, subject to further developments, that a substantial portion of such funds will not be recoverable, which is why it expects, as a result thereof, a one-time negative effect on earnings in the - at most - mid-single-digit million euro range for its 2019/20 financial year ending 30 September 2020.
The financial results of Burgenland Holding AG are largely dependent on the financial results of Energie Burgenland AG, in which it holds a 49% interest.
Contact: Burgenland HoldingAG Member of Executive Board
Dr. Klaus Kohlhuber Technologiezentrum Marktstraße 3 7000 Eisenstadt Phone: +43 2236 200-12398 E-Mail: [email protected]
15-Jul-2020 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: Company: |
English Burgenland HoldingAG Marktstraße 3 7000 Eisenstadt |
|---|---|
| Austria | |
| Phone: | +43 2236 200 24186 |
| Fax: | +43 2236 200 84703 |
| E-mail: | [email protected] |
| Internet: | www.buho.at |
| ISIN: | AT0000640552 |
| WKN: | 879095 |
| Listed: | Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market) |
| EQSNews ID: | 1094047 |
End ofAnnouncement DGAPNews Service
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