- New conference set-up met with great interest
- Over 50 companies and 130 investors participated
- More than 800 call requests from local and international investors
Vienna – The yearly flagship conference of Raiffeisen Centrobank AG (RCB), which traditionally takes place in Zürs am Arlberg, was held this year for the first time as a digital investor conference between 30.03 and 02.04. Due to the current restrictions surrounding the coronavirus the in-person one-on-one and group meetings were quickly converted into conference calls. The new conference set-up was very well received. More than 50 leading listed companies from Austria, Eastern Europe and Russia shared insights with 130 international and local institutional investors, such as asset managers, pension funds, funds and insurance companies. The participating companies provided a comprehensive overview of the potential consequences, challenges, and first responses to the Covid-19 crisis.
For Heike Arbter, RCB member of the board, the open dialogue between investors and companies in the present challenging times is highly important: „In critical times it is particularly difficult to receive precise and reliable information on the current situation. The high demand for our digital conference is a confirmation that a continuous dialogue between companies and investors is indispensable for a dynamic capital market.”
Klaus della Torre, RCB Head of Global Equity Sales is pleased with the new conference set-up and explains the concept behind the format: „Our conference brings together some of the most important capital market players, who are active in the region. We want to give companies the chance to meet digitally with local and international investors in order to maintain the exchange of information, which is so important right now. Company representatives could report on the measures they have taken, their plans and projections via conference calls, while our analysts moderated the presentation. The discussions at the end of the company presentations showed how great the investors‘ need for information was.” With more than 800 call requests this investor conference was the largest digital event that RCB has ever hosted.
What do the listed companies have to say?
Overall the company representatives are expecting a gradual recovery of the economy after Covid-19. „The effects of the crisis are however felt differently,“ commented RCB chief analyst Bernd Maurer. „Individual companies, for example from the aviation sector, are confronted with a total shutdown. The situation for other sectors such as construction, packaging and foodstuff is in comparison considerably better.” In general, companies report very limited visibility depending on the progression of the pandemic and the duration of the measures required by the authorities. „The high participation rate and the positive feedback to the conference prove that RCB took the right decision to swiftly change the conference set-up,” concluded Maurer.
Credit: Raiffeisen Centrobank AG
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About Raiffeisen Centrobank AG
Raiffeisen Centrobank AG (RCB) is the competence center for equities and derivatives in Austria with a strong regional focus on Central and Eastern Europe. As a full-service provider of certificates, the bank offers currently around 8,000 products for each market phase and investment horizon. The coverage universe of RCB company research comprises about 130 Austrian and international titles. Raiffeisen Centrobank AG is a subsidiary of Raiffeisen Bank International AG.