World Champion Austria Vienna Stock Exchange
Vienna Stock Exchange – the ballroom for Austria’s public companies 2019 has not been an easy year for stock exchanges and in spring 2020 Covid-19 made for an even more difficult environment.
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ounded in 1771, the Vienna Stock Exchange is one of the most venerable stock exchanges in the world. Today, Wiener Börse AG is a modern, customer- and market-oriented infrastructure business, operating the stock exchanges in Vienna and Prague. The group offers the latest infrastructure and provides market data and information. It’s business rests on five pillars: securities trade and listing, market data, index calculation, IT services and central securities depository.
market data and central securities depository business areas recorded significant growth. This compensated for declining revenues from trading and kept the result stable and above budget. “The Vienna Stock Exchange delivers convincing quality and new initiatives in a challenging competitive environment. It provides the best possible infrastructure for Austrian companies, global investors and regional partners. With a view to post-Corona times, the government is well advised to activate private capital and make best use of the stock exchange so that the Austrian economy can recover more quickly”, said Heimo Scheuch, Chairman of the Supervisory Board of Wiener Börse AG. “What is so striking about the public stock market is that no other instrument can simultaneously provide more financing, visibility for a company and ensure a sustainably professional corporate organisation. This is exactly what will be needed after the Corona crisis, even though lending is currently still the main focus”.
Photo: Wiener Börse
A short review: stability through diversification Wiener Börse AG reviewed its financial year 2019 and provided insights into its current initiatives. The expansion of trading services, three IPOs, new SME segments and growing bond listings demonstrate the attractiveness of the Vienna marketplace for companies. Marinomed Biotech (1 February 2019), Frequentis (14 May 2019) and Addiko Bank (12 July 2019) celebrated their debut in the top segment Prime Market. RHI Magnesita is listed once more in the Standard Market as of March 2019. In a consolidating market that continues to be subject to strong regulatory burdens, equity trading throughout Europe declined. In this challenging environment, the exchange operator expanded its market share and its position as an infrastructure provider. Trading hours and quotation lists were Christoph Boschan, CEO of Wiener Börse AG extended, and the IT services,
Figures 2019 Company revenues amounted to 66.8 million euros in 2019, a slight decrease of 3.3 percent (2018: 68.9 million euros ), which was primarily due to the declining activity of trading participants (Vienna 2019: 62 billion euros, 2018: 70 billion euros, -12 percent, Prague: 8.5 billion euros, 2019: 11.1 billion euros, -24 percent). The reallocation of funds to North America and the uncertainties caused
