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Strong Profit Increase for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to June. Net profit more than doubled to € 6.1m.
August 24, 2011
SNCF Acquires Stake in Westbahn
The French national railway company participates with 26% in ÖBB’s new competitor. Operations start on 11 December.
August 24, 2011
Kovats with New Plans for A-Tec
According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.
August 24, 2011
Significant Drop in Revenue for SW Umwelttechnik
The Austrian technology company recorded mixed results in a challenging market environment. Revenue dropped 7%, EBIT improved but remained negative at € -1.7m.
August 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-23)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 23, 2011
Industry Raises Alarm over Lack of Technicians and Apprentices
voestalpine CEO Eder and WKÖ president Leitl call for measures against the shortage of skilled personnel. They want to increase the attractiveness of technical jobs and raise the retirement age.
August 23, 2011
German Municipalities to Sue Rosenbauer
After the antitrust fine of € 10.5m, the Austrian manufacturer of fire fighting vehicles might face damage payments to German municipalities. CEO Wagner refuses to step back.
August 23, 2011
Ecowind Acquired by German BayWa
Europe’s largest agricultural trading company pays € 4.6m for a 90% stake in the Austrian project company.
August 23, 2011
Outstanding Results for Lenzing
The Austrian fiber manufacturer increased sales by 31% to more than € 1bn in the first six months of the year. EBIT almost doubled to € 199.2m.
August 23, 2011
Austrian Companies Hope for Quick Return to Libya
In view of the approaching end of the Gaddafi regime Austrian companies start preparations for an early return to the North African country.
August 22, 2011
Gaming Provider bet-at-home in the Black Again
The online gaming provider, which has recently applied for the Austrian lottery license, achieved a profit in the first six months of the year.
August 22, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-22)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 22, 2011
Austrian Airlines to Miss Targets for 2011
The Austrian member of Lufthansa Group will not achieve its goal of leaving the loss zone, an executive said on Monday.
August 22, 2011
Sharp Increase in Revenue and Profit for Kapsch TrafficCom
Revenues of the Austrian technology company doubled to € 134.7m in the first quarter of FY 2011/12. EBIT increased from € 4.8m to € 22.2m.
August 22, 2011
Pankl: Earnings Nearly Tripled in Q2
The Austrian component supplier increased revenues by 14.7% in the first six months of the year. EBIT improved by 55% from € 3.1m to € 4.8m.
August 22, 2011
Major Order from Russia for C.A.T. oil
The Lower-Austrian provider of oil and gas field services received new orders worth € 70m in Russia. The order book volume grew to € 239m.
August 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 19, 2011
New Record for Tourism in Vienna
The Austrian capital registered a plus in overnights of 1.8% in July 2011. Hotel revenue grew by 13.7% in the first half of the year.
August 19, 2011
BKS Bank Continues Expansion Course
The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.
August 19, 2011
Unions Call for Massive Wage Increase
Austrian unionists demand a substantial premium above the inflation rate. They argue that employees should benefit from the strong economic development.
August 19, 2011
Significant Decline in Used Car Registrations
Registrations of used motor vehicles in July 2011: -7.5%; passenger cars -6.5%, lorries -11.6%.
August 19, 2011
Consumer Confidence Declines in the Second Quarter
In line with the global trend, Austrian consumers have recently become less optimistic. Major concerns are rising cost of living and the general economic situation.
August 19, 2011
Industrial Producer Prices Up 3.9% in June
The Producer Price Index fell marginally against the previous month. Compared to June 2010, prices were still 3.9% higher in June 2011.
August 19, 2011
Austrian Post: Rise in Revenue and Earnings
Declining letter mail volumes were offset by growth in the parcel business. Total revenue increased by 2.9%, EBIT rose 9.1% to € 81.3m.
August 19, 2011
Declining Revenue for Brain Force
The Austrian IT service provider recorded a drop in revenue of 3% in the third quarter of the fiscal year. Operating EBIT turned positive from € -0.41m to € 0.35m.
August 18, 2011
Tumpel-Gugerell Appointed to the Supervisory Board of ÖBB
The former central banker will join the Supervisory Board of the Austrian Federal Railways’ holding company.
August 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 18, 2011
Do & Co: Substantial Increase in Sales and Earnings
The Austrian catering company recorded a successful start in FY 2011/12. Sales were up 14.5%, EBIT improved to € 6.79m.
August 18, 2011
Sustainable Increase in Earnings for VIG
The Austrian insurance company recorded profit before taxes of € 282.2m, up 10.4% in the first half of the year.
August 18, 2011
Efkon Receives Further Major Order in South Africa
The subsidiary of Austrian construction group Strabag has been awarded an € 11m contract for supply and maintenance of toll plazas.
August 18, 2011
Further Delay in Sale of A-Tec
The group’s supervisory board has asked for expert advice on the sales process. A decision might be taken at the end of August.
August 18, 2011
FACC to Build Construction Plant in Russia
The Upper Austrian aircraft component manufacturer and its Russian partner invest a total of € 55m in Kazan. The new plant will supply components for commercial aircraft starting from 2013.
August 18, 2011
Upper Austrian PAA Laboratories Acquired by GE Healthcare
The Pasching-based cell culture company will combine with the global provider of medical technologies and services. The deal is expected to close in the third quarter.
August 18, 2011
voestalpine Meets Expectations and Confirms Guidance
The Austrian steel company recorded continuing growth in the first quarter of FY 2011/12. Uneasy financial markets and the national debt crisis remain risk factors.
August 18, 2011
Rosenbauer Receives Record Order from Brazil
The Austrian manufacturer of fire fighting vehicles will outfit Brazilian airports with 80 Panther ARFF ready for Football World Cup 2014. It is the biggest single order for this vehicle in the company’s history.
August 18, 2011
SBO Tripled Profit
The Austrian oilfield equipment company presented strong half-year results. Sales went up 52%, EBIT increased from € 14.2m to € 40.1m.
August 18, 2011
Hypo Alpe Adria with First Profit since 2007
The Austrian bank returned to black figures after four years. A half-year profit of € 90.8m was achieved despite risk provisions of € 134.9m.
August 17, 2011
Forecast on Savings and Loans Trends: Austrians Invest € 5,670 on Average
Savings passbooks remained the most popular form of saving in Austria. The average loan volume dropped from € 70,200 to € 62,000.
August 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 17, 2011
Mayr-Melnhof with Improved Sales and Earnings
The Austrian packaging company reported an increase in sales of 14.5% for the period from January to June. Profit was improved from € 48.9m to € 64.0m.
August 17, 2011
ADX Buys Back 20% Interest in Lambouka
The Austro-Australian oil and gas exploration and appraisal company increases its interest in the Tunisian prospect area to 50%.
August 17, 2011
Binder+Co Moves Up a Gear in the First Half of 2011
The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.
August 17, 2011
Retiree Representatives Demand 2.7% Pension Increase
According to legal regulations, Austrian pension payments have to be adjusted for the previous year’s inflation. Next year the cost would be approximately € 1bn.
August 17, 2011
Hans Tschuden Remains CFO of Telekom Austria
The Austrian telecommunication group re-elected Hans Tschuden as Chief Financial Officer and Vice Chairman of the Management Board.
August 17, 2011
Wienerberger Returns to Profit Zone
The Austrian brick producer recorded a net profit of € 38m in the first half of the year. Earnings growth was supported by higher volumes, better capacity utilization and higher prices.
August 17, 2011
conwert: Lower Income despite New Sales Record
The Austrian real estate company recorded a decline in income of 33% year-on-year. Proceeds on the sale of properties are expected to reach a total of € 600m in the full year.
August 17, 2011
Inflation Speeds Up in July
Consumer price inflation rose to 3.5% in July, the highest value since September 2008. Mineral oil products remained the main price driver.
August 17, 2011
Telekom Austria Adjusts Guidance for Devaluation of Belarus Ruble
The Austrian telecommunication group incurred a net loss of € 59.2m in the first half of the year. Revenue expectations for the full year were reduced from € 4.6bn to € 4.5bn.
August 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 16, 2011
Massive Decline in Profits for C-Quadrat
The Austrian fund company recorded a drop in performance fees in the first six months of the year. Net profit fell from € 8.5m to € 2.0m.
August 16, 2011
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