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Raiffeisen Holding's profit is set to drop by over half in 2024, plummeting to 434.7 million euros from 961 million euros in 2023, largely due to burdens from investments in Baywa and impairments. While Raiffeisen Bank International contributed positively with 302.9 million euros, its earnings have declined alongside reduced business in Russia.
Raiffeisen-Holding NÖ-Wien reported a significant drop in consolidated net profit after tax, halving from €961.2 million to €434.7 million, primarily due to losses linked to its stake in BayWa. Despite this, CEO Michael Höllerer described the overall results as "pleasing" and emphasized the company's stable position and strong capitalization, with a CET1 ratio of 22.5%. Looking ahead, the company plans to invest in healthcare and energy sectors, including a €100 million investment in a healthcare ecosystem and a stake in the Falstaff publishing house.
Monster Beverage Corporation, a leader in beverage development and marketing, reported a revenue miss in Q1 but is seeing improving margin trends. The company’s net sales are predominantly from energy drinks (91.8%), with smaller contributions from concentrates (5.3%) and alcoholic beverages (2.6%). Geographically, 64.6% of sales come from the U.S. and Canada, followed by Europe/Middle East/Africa (19.4%), Latin America and the Caribbean (8.8%), and Asia/Pacific (7.2%).
Raiffeisen-Holding NÖ-Wien announced new cooperations at its annual meeting, highlighting a consolidated profit of EUR 434.7 million for 2024, despite a decline from 2023 due to issues at BayWa. The company aims to expand into energy and healthcare, including a 25.1% stake in UNIQA's Mavie Next and collaborations with Biogena and the JÖ Bonus Club. With 1,400 cooperatives and two million members, Raiffeisen remains Austria's largest cooperative group, contributing significantly to the economy.
Deutsche Bank has adjusted its price target for Ingram Micro Holding to $25 from $26 while maintaining a Buy rating. Ingram Micro specializes in the global distribution of IT products and services, offering a range of solutions including client and endpoint technologies, cloud services, and logistics expertise across various regions.
Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.
Raiffeisen-Holding Niederösterreich-Wien has acquired a 25.1% stake in the publishing house of the gourmet and lifestyle magazine "Falstaff." The investment will support the company's plans for international expansion, with upcoming launches in Slovakia and potential markets including Spain, Serbia, and the southern Balkans. "Falstaff" already has editions in Germany, Austria, Switzerland, and Italy, along with a restaurant guide covering Sweden, Denmark, and the Baltic states.
The Raiffeisen Lower Austria-Vienna annual conference gathered over 850 guests, including political and business leaders, to discuss the evolving landscape of globalization and the cooperative philosophy. Chairman Erwin Hameseder emphasized the importance of long-term responsibility and innovation, while CEO Michael Höllerer highlighted the bank's commitment to providing added value beyond traditional banking. Federal Chancellor Christian Stocker and Governor Johanna Mikl-Leitner acknowledged Raiffeisen's role as a key partner in fostering economic growth and sustainable development in the region.
At the Raiffeisen Annual Conference 2025 in St. Pölten, Governor Johanna Mikl-Leitner highlighted the bank's vital role in regional development and its commitment to community values during crises. She shared personal anecdotes about her long-standing relationship with Raiffeisen, while Federal Chancellor Christian Stocker underscored its importance to the local economy. Raiffeisen's CEO, Michael Höllerer, reported a strong operating result of 520 million euros for 2024, emphasizing the bank's future-oriented approach despite economic challenges.
Raiffeisen-Holding NÖ-Wien has acquired a 25.1% stake in FALSTAFF, Austria's leading gourmet and lifestyle publisher, to support its international expansion. With a current revenue of approximately €41 million and a forecasted growth to €45 million, FALSTAFF aims to establish a presence in at least twelve European countries over the next five years, including Spain and Serbia. The partnership is expected to enhance FALSTAFF's strong market position and growth potential in the food, wine, and travel sectors.
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Raiffeisen Holding's profit forecast drops over 50 percent amid investment challenges
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Raiffeisen-Holding NÖ-Wien reports significant profit decline amid global uncertainties
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16:43 09.05.2025
Raiffeisen-Holding acquires stake in Falstaff to support international expansion
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Raiffeisen-Holding acquires stake in Falstaff to support international expansion
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