Burgenland Holding AG / Key word(s): Change in Forecast
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.
Burgenland Holding AG
Member of Executive Board
Dr. Klaus Kohlhuber
Phone: +43 2236 200-12398
|Company:||Burgenland Holding AG|
|Phone:||+43 2236 200 24186|
|Fax:||+43 2236 200 84703|
|Listed:||Regulated Unofficial Market in Berlin, Stuttgart; Vienna Stock Exchange (Official Market)|
|EQS News ID:||1094047|
|End of Announcement||DGAP News Service|