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Austrian Commodities Markets Headlines

Voestalpine Invests EUR 300 Million in Linz this Year

Upper Austrian steel group Voestalpine is going to invest in 2016 some EUR 300 million (USD 334.4 million) in the Linz-based facility, board member Herbert Eibensteiner estimated, a press report indicates.

May 25, 2016

Oil and Gas Production Down in Austria in 2015

The output of crude oil and gas in Austria dropped last year, and more so for EVN subsidiary Rohöl-Aufsuchungs AG (RAG). The total oil production fell by 4.1 percent to 905,932 tonnes, whereas the output of natural gas decreased by 4.3 percent to 1.182 billion cubic metres, the Federal Geological Office (Geologische Bundesanstalt) disclosed.

May 24, 2016

RHI Refractories Q1 Net Profit Down ca. 30 Pct Y/Y to EUR 14.8 Mln

Listed refractories company RHI suffered a nearly 30 percent y/y decline in Q1 net earnings to EUR 14.8 million (USD 16.8 million), in line with market expectations, the company said in a report. The group blamed the weak development in the steel business for the drop. Also the industries division saw a decline in revenues and operating result.

May 12, 2016

22k Households Change Energy Provider in 2016 Campaign of Consumer Association

22k Austrian households switched to another electricity and/or natural gas provider in this year's campaign of consumer association VKI, a clear increase on some 12.5k in 2015.

May 3, 2016

OeNB Doubles Profit Thanks to Münze Österreich

The Austrian National Bank (OeNB) more than doubled its profit from EUR 341 million to EUR 753 million in 2015 thanks to income from stake in Münze Österreich. The federal government will take EUR 508 million from the profit.

April 29, 2016

OMV Reports More Output, Lower Margins

In Q1 2016 listed oil and gas group OMV reported lower refinery margins, but this was partly balanced by lower oil prices. Output exceeded production recorded in Q4 2015 and was also higher year on year. One-off costs were reported for the LNG segment, but Borealis was performing well, OMV declares in its Trading Statement published on Thursday.

April 21, 2016

VSE: International Investors Dominate Vienna Stock Exchange

International institutional investors are largest group of investors on the prime market of the VSE Vienna Stock Exchange. They account for some 78 percent of institutional free float of the prime market index ATX Prime stocks, according to a study.

April 12, 2016

Austrian Investment Funds Recover Slightly in March

The Austrian investment funds managed to recover slightly from the setback at the beginning of the year. The average one-year performance of all funds improved in arithmetic assets from 5.37 percent to 4.63 percent. 1,239 funds with a history of at least a year recorded negative performance, 302 recorded positive performance and four saw no change.

April 11, 2016

OMV Closes Development Wells in Norway, Confirms Potential

Listed oil and gas group OMV has concluded development wells in Norway. The potential of the Wisting area, estimated initially at 200500 million boe, has been confirmed, the company reported. Wisting is the most-northern location where oil has been found

April 7, 2016

OMV Sees a Lot of Interest in Unit Gas Connect from Potential Investors

Listed oil and gas company OMV reportedly enjoys interest of many potential investors in the stake in its unit Gas Connect Austria, Italian media report citing sources.

April 5, 2016