Subsea7 awarded substantial contract
Luxembourg – 23 July 2025 – Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract.
The project involves the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system.
Project management and engineering activities will begin immediately at Subsea7's office in Houston, Texas, with offshore operations expected to start in 2027.
No additional details will be provided at this time.
(1) Subsea7 defines a substantial contract as being between $150 million and $300 million.
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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs.
Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
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Contact for investment community enquiries:Katherine TonksInvestor Relations DirectorTel +44 20 8210 5568
[email protected]
Contact for media enquiries:Ashley ShearerCommunications ManagerTel +1-713-300-6792
[email protected]
Forward-Looking Statements: This document may contain 'forward-looking statements' (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as 'anticipate', 'believe', 'estimate', 'expect', 'future', 'goal', 'intend', 'likely' 'may', 'plan', 'project', 'seek', 'should', 'strategy' 'will', and similar expressions. The principal risks which could affect future operations of the Group are described in the 'Risk Management' section of the Group's Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 23 July 2025 at 18:20 CET.
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Consolidated Statements of Income (Unaudited) Quarter Ended June 30, Six Months Ended June 30, (in millions of U.S. Dollars except per share data) 2025 2024 2025 2024 Gross written premiums $187.8 $205.6 $394.3 $387.2 Ceded written premiums ($67.1) ($55.4) ($116.0) ($93.8) Net written premiums $120.7 $150.2 $278.3 $293.4 Net change in unearned premiums ($5.7) ($28.4) ($50.5) ($57.0) Net premiums earned $115.0 $121.8 $227.8 $236.4 Investment income $13.9 $13.2 $27.5 $24.9 Net realized gain on investments $0.4 $0.1 $1.5 $0.1 Net unrealized gain on investments $2.4 $0.5 $3.3 $3.9 Change in allowance for expected credit losses on investments $0.4 ($0.3) $0.3 ($0.1) Net investment income $17.1 $13.5 $32.6 $28.8 Other revenues $0.8 $0.3 $1.5 $0.6 Total revenues $132.9 $135.6 $261.9 $265.8 Expenses Net loss and loss adjustment expenses ($61.2) ($54.9) ($123.8) ($99.3) Net policy acquisition expenses ($18.8) ($21.6) ($41.0) ($39.8) General and administrative expenses ($24.2) ($22.4) ($45.8) ($44.6) Change in allowance for expected credit losses on receivables ($2.4) ($1.4) ($1.8) ($1.6) Change in fair value of derivative financial liabilities - ($1.1) - ($3.2) Other expenses ($1.7) ($1.0) ($3.4) ($2.3) Net Foreign exchange gain (loss) $10.1 $0.4 $17.3 ($3.9) Total expenses ($98.2) ($102.0) ($198.5) ($194.7) Income before income taxes $34.7 $33.6 $63.4 $71.1 Income tax expense ($0.6) ($0.8) ($2.0) ($0.4) Net income for the period $34.1 $32.8 $61.4 $70.7 Diluted earnings per share attributable to equity holders (1) $0.77 $0.73 $1.36 $1.55 (1) See 'Note to the Consolidated Financial Statements (Unaudited)'. Expand International General Insurance Holdings Ltd. Consolidated Balance Sheets (Unaudited) (in millions of U.S. Dollars) As at June 30, 2025 As at December 31, 2024 ASSETS Investments Fixed maturity securities available-for-sale, at fair value $1,008.3 $1,002.1 Fixed maturity securities held to maturity $2.0 $2.0 Equity securities, at fair value $23.6 $29.0 Other investments, at fair value $13.1 $12.3 Short-term investments $51.3 $89.5 Term deposits - $0.7 Equity-method investments measured at fair value $2.1 $1.9 Total investments $1,100.4 $1,137.5 Cash and cash equivalents $164.8 $155.2 Accrued investment income $15.7 $15.3 Premiums receivable $330.0 $256.0 Reinsurance recoverables $250.7 $225.7 Ceded unearned premiums $119.3 $113.3 Deferred policy acquisition costs, net of ceding commissions $73.2 $67.1 Deferred tax assets, net $3.6 $7.0 Other assets $66.3 $60.5 TOTAL ASSETS $2,124.0 $2,037.6 LIABILITIES Reserve for unpaid loss and loss adjustment expenses $801.5 $794.2 Unearned premiums $521.7 $465.3 Insurance and reinsurance payables $115.5 $90.1 Other liabilities $23.1 $33.2 TOTAL LIABILITIES $1,461.8 $1,382.8 SHAREHOLDERS' EQUITY Common shares at par value $0.4 $0.5 Additional paid-in capital $125.4 $144.9 Treasury shares ($15.6) ($3.7) Accumulated other comprehensive gain (loss), net of taxes $0.8 ($18.6) Retained earnings $551.2 $531.7 TOTAL SHAREHOLDERS' EQUITY $662.2 $654.8 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $2,124.0 $2,037.6 Expand Expand (a) Represents net loss and loss adjustment expenses as a percentage of net premiums earned. (b) Represents net policy acquisition expenses as a percentage of net premiums earned. (c) Represents general and administrative expenses as a percentage of net premiums earned. (d) Represents the sum of the net policy acquisition expense ratio and the general and administrative expense ratio. (e) Represents the sum of the loss ratio and the expense ratio. Expand * Common shares issued and outstanding as at December 31, 2024 are as follows: No. of shares as at June 30, 2025 Vested common shares as of December 31, 2024 44,117,721 Treasury shares balance as of December 31, 2024 154,011 Vested restricted share awards 467,513 Granted employee stock purchase plan 18,737 Cancelled treasury shares (984,326) Treasury shares balance as of June 30, 2025 (671,709) Total vested common shares as of June 30, 2025 43,101,947 Unvested restricted shares awards as of June 30, 2025 838,306 Unvested employee stock purchase plan as of June 30, 2025 18,480 Total unvested shares as of June 30, 2025 856,786 Total common shares outstanding as of June 30, 2025 43,958,733 ** Restricted Share Awards were issued pursuant to the Company's 2020 Omnibus Incentive Plan and beneficiaries are entitled to dividends and voting rights. However, the Restricted Share Awards are non-transferable by their holders until they vest per the respective Restricted Share Award Agreements. At June 30, 2025, the vesting conditions attached to the unvested Restricted Share Awards to employees have not been met. Expand International General Insurance Holdings Ltd. For the quarter ended June 30, 2025 (in millions of U.S. Dollars) Specialty Long-tail Specialty Short-tail Reinsurance Total Underwriting revenues Gross written premiums $45.9 $125.6 $16.3 $187.8 Ceded written premiums ($20.0) ($47.1) - ($67.1) Net written premiums $25.9 $78.5 $16.3 $120.7 Net change in unearned premiums $4.9 ($18.3) $7.7 ($5.7) Net premiums earned $30.8 $60.2 $24.0 $115.0 Net loss and loss adjustment expenses ($27.7) ($24.4) ($9.1) ($61.2) Net policy acquisition expenses ($6.0) ($10.2) ($2.6) ($18.8) Underwriting (loss) income ($2.9) $25.6 $12.3 $35.0 Expand For the quarter ended June 30, 2024 (in millions of U.S. Dollars) Specialty Long-tail Specialty Short-tail Reinsurance Total Underwriting revenues Gross written premiums $52.0 $137.2 $16.4 $205.6 Ceded written premiums ($18.6) ($36.8) - ($55.4) Net written premiums $33.4 $100.4 $16.4 $150.2 Net change in unearned premiums $2.9 ($34.7) $3.4 ($28.4) Net premiums earned $36.3 $65.7 $19.8 $121.8 Net loss and loss adjustment expenses ($12.3) ($33.8) ($8.8) ($54.9) Net policy acquisition expenses ($7.7) ($10.7) ($3.2) ($21.6) Underwriting income $16.3 $21.2 $7.8 $45.3 Expand International General Insurance Holdings Ltd. Supplementary Financial Information - Segment Results (Unaudited) For the six months ended June 30, 2025 (in millions of U.S. Dollars) Specialty Long-tail Specialty Short-tail Reinsurance Total Underwriting revenues Gross written premiums $86.4 $221.6 $86.3 $394.3 Ceded written premiums ($31.7) ($82.6) ($1.7) ($116.0) Net written premiums $54.7 $139.0 $84.6 $278.3 Net change in unearned premiums $6.7 ($21.5) ($35.7) ($50.5) Net premiums earned $61.4 $117.5 $48.9 $227.8 Net loss and loss adjustment expenses ($57.6) ($46.1) ($20.1) ($123.8) Net policy acquisition expenses ($14.1) ($20.8) ($6.1) ($41.0) Underwriting (loss) income ($10.3) $50.6 $22.7 $63.0 Expand For the six months ended June 30, 2024 (in millions of U.S. Dollars) Specialty Long-tail Specialty Short-tail Reinsurance Total Underwriting revenues Gross written premiums $90.7 $231.4 $65.1 $387.2 Ceded written premiums ($26.5) ($65.8) ($1.5) ($93.8) Net written premiums $64.2 $165.6 $63.6 $293.4 Net change in unearned premiums $9.4 ($39.4) ($27.0) ($57.0) Net premiums earned $73.6 $126.2 $36.6 $236.4 Net loss and loss adjustment expenses ($33.3) ($49.3) ($16.7) ($99.3) Net policy acquisition expenses ($14.1) ($20.4) ($5.3) ($39.8) Underwriting income $26.2 $56.5 $14.6 $97.3 Expand International General Insurance Holdings Ltd. The following table shows the investment yield calculation: Quarter Ended June 30, Six Months Ended June 30, (in millions of U.S. Dollars, except percentages) 2025 2024 2025 2024 Investment income $13.9 $13.2 $27.5 $24.9 Average total investments and cash and cash equivalents (i) $1,257.2 $1,162.2 $1,277.6 $1,158.4 Investment Yield (annualized) 4.5% 4.6% 4.4% 4.3% Expand (i) This represents the average of the month end fair value balances of total investments and cash and cash equivalents in each reporting period. Expand International General Insurance Holdings Ltd. Note to the Consolidated Financial Statements (Unaudited) (1) Represents net income for the period available to common shareholders divided by the weighted average number of vested common shares – diluted calculated as follows: Quarter Ended June 30, Six Months Ended June 30, (in millions of U.S. Dollars, except share and per share information) 2025 2024 2025 2024 Net income for the period $34.1 $32.8 $61.4 $70.7 Minus: Net income attributable to the earnout shares - $0.6 - $1.1 Minus: Dividends attributable to restricted share awards - - $0.8 $0.5 Net income available to common shareholders (a) $34.1 $32.2 $60.6 $69.1 Weighted average number of shares – diluted (in millions of shares) (b)* 44.4 44.0 44.5 44.5 Diluted earnings per share attributable to equity holders (a/b) $0.77 $0.73 $1.36 $1.55 * The weighted average number of common shares refers to the number of common shares calculated after adjusting for the changes in issued and outstanding common shares over a reporting period. Expand International General Insurance Holdings Ltd. Non-GAAP Financial Measures In presenting IGI's financial results, management has included and discussed certain non-GAAP financial measures. We believe that these non-GAAP financial measures, which may be defined and calculated differently by other companies, help to explain and enhance the understanding of our results of operations. However, these measures should not be viewed as a substitute for those determined in accordance with U.S. GAAP. The table below illustrates the reconciliation of the combined ratio on a financial and accident year basis. *The CAT losses for the quarter ended June 30, 2025 include reserves for the earthquakes in Taiwan and the Bridgewater Canal breach in Manchester, UK (all in the Specialty Short-tail Segment). The CAT losses for the quarter ended June 30, 2024 include reserves recorded for the earthquake in Taiwan (in the Specialty Short-tail and Reinsurance Segments) and flooding in United Arab Emirates and Oman (in all segments), both of which occurred in April 2024. The CAT losses for the six months ended June 30, 2025 include reserves recorded for the Southern California wildfires (in the Reinsurance Segment), the earthquakes in Taiwan and the Bridgewater Canal breach in Manchester, UK (all in the Specialty Short-tail Segment). The CAT losses for the six months ended June 30, 2024 include reserves recorded for the earthquake in Taiwan (in the Specialty Short-tail and Reinsurance segments) and flooding in United Arab Emirates and Oman (in all segments). ** See 'Supplementary Financial Information - Combined Ratio (Unaudited)'. International General Insurance Holdings Ltd. Non-GAAP Financial Measures The table below illustrates the split of loss ratio between current accident year, current accident year CAT losses, which are included in 'Net loss and loss adjustment expenses', and prior years' loss development as follows: Core Operating Income Core operating income measures the performance of our operations without the influence of after-tax gains or losses on investments and foreign currencies and other items as noted in the table below. We exclude these items from our calculation of core operating income because the amounts of these gains and losses are heavily influenced by, and fluctuate in part according to, economic and other factors external to the Company and/or transactions or events that are typically not a recurring part of, and are largely independent of, our core underwriting activities and including them distorts the analysis of trends in our operations. We believe the reporting of core operating income enhances an understanding of our results by highlighting the underlying profitability of our core insurance operations. Our underwriting profitability is impacted by earned premiums, the adequacy of pricing, and the frequency and severity of losses. Over time, such profitability is also influenced by underwriting discipline, which seeks to manage the Company's exposure to loss through intelligent risk selection and diversification, IGI's management of claims, use of reinsurance and the ability to manage the expense ratio, which the Company accomplishes through the management of acquisition costs and other underwriting expenses. In addition to presenting net income for the period determined in accordance with U.S. GAAP, we believe that showing 'core operating income' provides investors with a valuable measure of profitability and enables investors, rating agencies and other users of our financial information to analyze the Company's results in a similar manner to the way in which Management analyzes the Company's underlying business performance. International General Insurance Holdings Ltd. Non-GAAP Financial Measures Core operating income is calculated by the addition or subtraction of certain line items reported in the 'Consolidated Statements of Income' from net income for the period and tax effecting each line item (resulting in each item being a non-GAAP financial measure), as illustrated in the table below: i. The tax impact was calculated by applying the prevailing corporate tax rate of each subsidiary to the gross value of the relevant reconciling items as recognized separately by the subsidiaries on a standalone basis. ii. Represents the total shareholders' equity at the end of the reporting period plus the total shareholders' equity as of the beginning of the reporting period, divided by 2. iii. Represents annualized core operating income for the period divided by average shareholders' equity. iv. Represents core operating income attributable to vested equity holders divided by the weighted average number of vested common shares – diluted as follows: Expand Quarter Ended June 30, Six Months Ended June 30, (in millions of U.S. Dollars, except per share information) 2025 2024 2025 2024 Core operating income for the period $22.8 $33.2 $42.2 $73.3 Minus: Core operating income attributable to earnout shares - $0.6 - $1.1 Minus: Dividends attributable to restricted share awards - - $0.8 $0.5 Core operating income available to common shareholders (a) $22.8 $32.6 $41.4 $71.7 Weighted average number of shares – diluted (in millions of shares) (b) 44.4 44.0 44.5 44.5 Diluted core operating earnings per share (a/b) $0.51 $0.74 $0.93 $1.61 Expand v. Return on average equity (annualized) and core operating return on average equity (annualized), both non-GAAP financial measures, represent the returns generated on common shareholders' equity during the period. Expand The Company has posted a Second quarter 2025 investor presentation deck on its website at in the Investors section under the Presentations & Webcasts tab. About IGI: IGI is an international specialty risks commercial insurer and reinsurer underwriting a diverse portfolio of specialty lines. Established in 2001, IGI has a worldwide portfolio of energy, property, general aviation, construction & engineering, ports & terminals, marine cargo, marine trades, contingency, political violence, financial institutions, general third-party liability (casualty), legal expenses, professional indemnity, D&O, marine liability and reinsurance treaty business. Registered in Bermuda, with operations in Bermuda, London, Malta, Dubai, Amman, Oslo, Kuala Lumpur and Casablanca, IGI aims to deliver outstanding levels of service to clients and brokers. IGI is rated 'A' (Excellent)/Stable by AM Best and 'A-'(Strong)/Stable by S&P Global Ratings. For more information about IGI, please visit Forward-Looking Statements: This press release contains 'forward-looking statements' within the meaning of the 'safe harbour' provisions of the Private Securities Litigation Reform Act of 1995. The expectations, estimates, and projections of the business of IGI may differ from its actual results and, consequently, you should not rely on forward-looking statements as predictions of future events. Words such as 'ability,' 'aim,' 'impact,' 'seek,' 'strategy,' 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believe,' 'predict,' 'potential,' 'continue,' 'commitment,' 'able,' 'success' and similar expressions are intended to identify such forward-looking statements. Forward-looking statements contained in this press release may include, but are not limited to, our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, the outcome of our strategic initiatives, our expectations regarding other market conditions, and our growth prospects. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside of the control of IGI and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) changes in demand for IGI's services together with the possibility that IGI may be adversely affected by other economic, business, and/or competitive factors globally and in the regions in which it operates; (2) competition, the ability of IGI to grow and manage growth profitably, and IGI's ability to retain its key employees; (3) changes in applicable laws or regulations; (4) risks related to fluctuations in global currencies including the UK Pound Sterling, the Euro, and the U.S. Dollar; (5) the outcome of any legal proceedings that may be instituted against the Company; (6) the effects of the hostilities between Russia and Ukraine, and the sanctions imposed on Russia by the United States, European Union, United Kingdom and others; (7) the effects of the military conflict between Israel, Hamas, Hezbollah, and Iran; (8) the effects of the Houthis disruption of Red Sea international shipping routes; (9) the impact of the tariffs that have been imposed or may be imposed by the U.S. administration; (10) the inability to maintain the listing of the Company's common shares on Nasdaq; and (11) other risks and uncertainties indicated in IGI's filings with the SEC. The foregoing list of factors is not exclusive. In addition, forward-looking statements are inherently based on various estimates and assumptions that are subject to the judgment of those preparing them and are also subject to significant economic, competitive, industry and other uncertainties and contingencies, all of which are difficult or impossible to predict and many of which are beyond the control of IGI. There can be no assurance that IGI's financial condition or results of operations will be consistent with those set forth in such forward-looking statements. You should not place undue reliance upon any forward-looking statements, which speak only as of the date made. IGI does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except to the extent that it is required by law.
Business Upturn
4 hours ago
- Business Upturn
Ad Agentur GmbH Unveils Transparency-Focused Google Ads Strategy to Combat ROI Decline Across DACH Region
VIENNA, Austria , Aug. 05, 2025 (GLOBE NEWSWIRE) — Ad Agentur GmbH, a performance-driven pay-per-click (PPC) digital marketing agency, today announced the launch of a new strategic framework to address declining Google Ads ROI for businesses in the DACH region. The strategy combines data-driven campaign structures with advanced Conversion Tracking to help e-commerce brands and local service providers improve campaign performance and lead generation amid rising costs and complex platform automation. The Ad Agentur GmbH team specializes in Google Ads campaigns for e-commerce brands and local service providers in Austria, Germany, and Switzerland. The new framework directly addresses a growing trust deficit among businesses engaged in online advertising in Austria, Germany, and Switzerland, who report diminishing returns and a lack of clarity on campaign performance. Ad Agentur GmbH's strategy reinforces the agency's commitment to business-critical outcomes over vanity metrics, focusing on measurable results like conversion rates and bottom-line growth. 'The era of purely manual bid management is past, but blind faith in automation presents its own risks for advertisers pouring money into a black box,' said Robert Fussi, Founder of Ad Agentur GmbH. 'This approach is built on radical transparency. It ensures a client's strategy aligns directly with measurable business goals, such as Cost-Per-Acquisition (CPA) and Return on Ad Spend (ROAS).' The impact of expert-led campaign management is particularly significant in specialized industries. Based on performance data, Ad Agentur GmbH notes the following potential for optimized campaigns: Quality Leads for Law Firms: The cost per qualified lead can be reduced from over €430 to under €95. The cost per qualified lead can be reduced from over €430 to under €95. New Patients For Medical Practices: Properly structured campaigns have been shown to achieve conversion rates exceeding 11%. Properly structured campaigns have been shown to achieve conversion rates exceeding 11%. More Direct Bookings For Hotels: A professionally executed strategy can deliver a return on ad spend (ROAS) of 10x to 15x, offering a direct and often more cost-effective alternative to high-commission online travel agency (OTA) models. To restore accurate measurement compromised by data loss, the agency implements advanced tracking solutions. This includes a proper GA4 setup, first-party data strategies, and Google's Enhanced Conversions to provide higher-quality data for campaign optimization and Smart Bidding. 'An advertiser doesn't need to sit in the cockpit, but they deserve a clear view of the dashboard,' Fussi added. 'The agency provides clients with complete clarity and control over their investment, turning a source of risk into a predictable engine for growth. This is the foundation of a true partnership.' Robert Fussi, founder and Google Ads expert at Ad Agentur GmbH, leads the agency's performance-first approach across the DACH region. About Ad Agentur GmbH Ad Agentur GmbH is a Google Ads performance agency based in Vienna, Austria. As a certified Google Partner, the agency provides specialized Google Ads management services, focusing on high-conversion paid search campaigns for professional service providers and e-commerce companies. Clients include doctors, law firms, hotels, and growth-stage online retailers across Austria, Germany, and Switzerland. Press inquiries Ad Agentur GmbH Robert Fussi [email protected] +43 1 417 0275 Schmalzhofgasse 26,A-1060, Wien (Vienna) Österreich (Austria)
