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Austrian Commodities Markets Headlines

Meinl Kaffe Raised Coffee Sales in Spite of Russian Crisis

In spite of the crisis between Russia and Ukraine coffee seller Julius Meinl Kaffee managed to expand much in Russia, hiking sales by 30 percent while turnover in hotels, restaurants and cafes climbed last year by 13 percent y/y to eUR 21.5 million. The CFO Arno Götz noted that the company had driven out weaker competitors and had taken over market leader position.

May 20, 2015

Wien Energie Facing EUR 22 Mln Fine over Energy Efficiency

Wien Energie utility is facing a EUR 22 million (USD 24.6 million) fine over a failure to meet the requirements of the Austrian energy efficiency act.

May 19, 2015

Voestalpine Steel Managers End Rail Track Cartel Trial with Fines

Voestalpine steel six managers will not be facing legal consequences over the so-called track cartel as the court procedure over the case was concluded, the Bochum regional court said Monday. The defendants will have to make payments totaling EUR 290k instead.

May 19, 2015

Romania Orders Inspections of Timber Company Holzindustrie Schweighofer

Romania’s Environment Ministry has launched a probe into activities of Austria’s timber producer Holzindustrie Schweighofer, it was announced last week, on account of suspicion of polluting practices of the company. Holzindustrie Schweighofer repudiates all accusations.

May 11, 2015

Purchasing Managers' Index: Austrian Industry Shows First Signs of Recovery

Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.

May 5, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Energy Price for Households Down Y/Y in March

According to data of Energy Agency published today, the price of energy sold to households slipped by 6.2 percent y/y in March. The price decline has slowed down, as in January the price was by 9.1 percent smaller than a year ago, and in February by 8.2 percent.

April 28, 2015

Salzburg AG Generated EUR 49 Million Profit in 2014

The energy supplier Salzburg AG posted a solid profit in 2014, thus the company intends to pay nearly EUR 27 million (USD 28.64 million) in dividends to its shareholders: the province of Salzburg (43 percent), the city of Salzburg (31 percent) and Energie AG (26 percent). The company generated a revenue of EUR 1.28 billion, which was less than in 2013 (EUR 1.36 billion).

April 10, 2015

Austrian Investment Funds Increased Positive Performance in March

In March most Austrian investment funds recorded positive performance. Out of 1,573 funds with a history of at least a year, 1,486 recorded positive oneyear performance. Only 83 funds recorded negative performance, according to the Association of Austrian Investment Companies (VÖIG). Four funds broke even.

April 9, 2015

OMV Eyes Business Opportunities in Iran After Nuclear Agreement

Listed oil and gas group OMV hopes for new business opportunities in Iran after the country and six major powers reached an outline agreement on Iran's nuclear programme. OMV could return to its natural gas project South Pars, should sanctions on Iran be relaxed.

April 7, 2015