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Austrian stocks rose as Frequentis won a major drone traffic contract, boosting its share price.
Austrian Post expanded its parcel delivery capacity at a facility operating since 2017, boosting infrastructure with additional modules and compartments, while its stock rose 0.51% for the week.
EuroTeleSites AG received a positive credit outlook upgrade from FitchRatings, maintaining its BBB– investment-grade rating, reflecting improved financial strength and strategic progress, and its shares gained 5.39%.
Top-performing Austrian stocks included Frequentis, RBI, AT&S, Porr, and voestalpine, while Pierer Mobility lagged.
Frequentis secured a major contract to develop Sweden’s first nationwide drone traffic management system, driving a 16.23% weekly gain.
UBM reported strong leasing progress in Germany, with 12,100 square meters of its 15,800-square-meter property occupied, though its stock dipped 0.93%.
Addiko Bank launched a regional SME Academy in Southeast Europe with support from the EBRD and EU, aiming to strengthen small businesses, and its shares rose 0.48%.
The broader market showed strength across technology, energy, and finance sectors.
Las acciones austriacas subieron cuando Frequentis ganó un importante contrato de tráfico de drones, impulsando su precio de las acciones.