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Earnings

BIG Federal Property Managing Company's Sales Increased Slightly

Rental income and sales proceeds of federal property managing company Bundesimmobiliengesellschaft (BIG) jumped up in H1 2016 y/y. The market value of real estates climbed to over EUR 11.2 billion (USD 12.5 billion), compared to EUR 11 billion at the end of 2015, and BIG saw the rentable floor space remain at 7 million square meters.

August 31, 2016

Erste Group Expects Q2 Net Profit of about EUR 560 Million

Erste Group expects to post net profit of approx. EUR 560 million in Q2 16, raises guidance for 2016 to ROTE >12% (up from 10-11%).

July 14, 2016

Ex Hypo Alpe Adria SEE Units Post Consolidated Loss of EUR 675 Million

The southern European bank units formerly owned by Hypo Alpe Adria, and now in the hands of US equity fund Advent and the EBRD, posted in the first year under the new owners, in 2015, a huge consolidated loss of EUR 675 million. In 2014 the loss totalled EUR 97.4 million.

May 27, 2016

Bet-at-Home Approves EUR 4.50 Share Dividend for 2015

The shareholder meeting of sport bets operator bet-at-home has approved the EUR 4.50 (USD 5.07)/share dividend for 2015 and a capital hike using the company’s own assets. The number of listed shares will double. The management board announced a special dividend of EUR 10-15 per share for 2016.

May 19, 2016

Battery Maker Banner Saw Its Revenue and Sales Volume Hike by 8 Percent

Upper Austria battery maker Banner from Leonding saw its revenue and sales volume hike by 8 percent each in the just ended FY 2015/16 (end of March). 4.1 million starter batteries have been sold, the revenue settled at EUR 258 million the company announced. Growth was achieved mostly thanks to the rising demand for enhanced flooded batteries for vehicles, which Banner has been supplying since 2015 for Volkswagen mid-sized cars. Over the past five years Banner has invested over EUR 40 million (USD 45.9 million) in its plant in Leonding. A new facility is to be build in Pasching, close to Leonding, for EUR 35 million, although the project is meeting with a lot of resistance among local communities.

May 6, 2016

Porr to Pay Shareholders Special Dividend

Listed constructino group Porr AG wants to pay shareholders a dividend of EUR 1 per share and a special dividend of EU 0.50 per share from profit earned in 2015. Porr will be the first company in Austria to apply a Scrip Dividend, once the shareholders approve it on 24 May, it was announced. The company quotes the successful split and divestment of the property development arm last year as a reason for the dividend.

April 14, 2016

Porsche Bank Increased Number of Leasing Contracts

Porsche Bank increased the number of leasing contracts in Austria by 6.6 percent to 133,471 in 2015, growing at a much faster rate than the market (+2.7 percent). The bank holds 26.7 percent share on the Austrian leasing market which makes it a clear leader, CEO Hannes Maurer boasted. The bank provided neither income, nor earnings figures. Balance sheet total in Austria stood at EUR 3 billion last year.

March 31, 2016

Erste Group Posts Net Profit of EUR 968.2 Million in 2015

“A net profit of nearly 1 billion euro, a strong capital base and substantially lower risk costs for 2015 show that we have done our homework,” said Andreas Treichl, CEO of Erste Group Bank AG, about the full-year 2015 preliminary results.

February 26, 2016

Unicredit Bank Austria Preliminary Results: Net Profit of About EUR 1.3 Billion for 2015

Unicredit Bank Austria has published its preliminary results for the 2015 financial year. Unicredit's Austrian subsidiary posts a net profit of about EUR 1.3 billion for 2015. Systemic charges including bank levies are up by EUR 89 million to EUR 326 million.

February 10, 2016

Austrian Public Broadcaster's Results Likely Not in the Black

The financial plan of public broadcaster ORF for 2016 lists several costly program events, such as the football cup in France and the Olympic Games in Rio de Janeiro. On account of these the result is likely to be barely in the black, CEO Alexander Wrabetz explained. The revenue is estimated to total EUR 942 million (USD 1 billion), the profit of the concern is seen at EUR 1.6 million, compared to the targeted EUR 1.3 million in 2015. The profit of the ORF parent group is estimated at EUR 0.2 million.

November 18, 2015
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