The latest construction industry and company news and analysis from FriedlNews
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Andritz May Have to Pay EUR 8 Million Guarantee in Romania

The listed Styrian facilities builder Andritz has been confronted in Romania with a claim for EUR 8 million (USD 9.1 million) guarantee from the insolvent power plant operator Hidroelectrica. This was reported by "WirtschaftsBlatt” on Friday.

February 27, 2015

Wienerberger Bricks Suffers EUR 170 Mln Net Loss in FY 2014 on Q4 Impairments

Listed construction materials maker Wienerberger saw its plans for the return to profit in 2014 shatter: the company suffered a heady EUR 170 million net loss last year, as Q4 closed deep in the red on extensive EUR 208 million writeoffs, the company's report out Thursday showed.

February 26, 2015

Strabag Seeks to Grow Overseas

Listed Austrian construction group Strabag wants to expand business overseas and to increase the share of markets outside of Europe, it follows from an interview with CEO Thomas Birtel for WirtschaftsBlatt. The dividend for 2014 is to be at least as big as for 2013 (EUR 0.45/USD 0.51 per share)

February 23, 2015

Porr Builds Tunnel in Switzerland

Listed construction group Porr is going to build a 6-kilometre railway tunnel in Switzerland, in cooperation with two oter firms. The contract volume amounts to CHF 125 million (EUR 117 million /USD 132.6 million).

February 23, 2015

ÖBB: Cost of Frohnleiten Bridge Collapse Will Reach Millions

ÖBB Austrian Railways expects costs for repair of collapsed bridge to cost several hundred thousand euros per day.

February 23, 2015

Porr Boosts Production Output in 2014

The listed construction group Porr raised its output in 2014 by 15 percent to EUR 3.64 billion (USD 4.15 billion), according to a preliminary report. The reasons for this are: early start of the building season, as well as general focus on the highly profitable core markets (Austria, Germany, Switzerland, Poland, Czech Republic) and on international infrastructure projects the company announced.

February 18, 2015

Baumax: KSV Credit Rating Unchanged since September

In spite of the sale of its Bulgarian unit and the announced exit from Hungary Baumax’ KSV rating has hardly changed since September 2014.

February 18, 2015

Subsidies for ÖBB-Infrastruktur to Grow to EUR 2.41 Billion

ÖBB-Infrastruktur AG will today receive EUR 1.96 billion in government subsidies, after EUR 1.8 billion in 2014.

February 17, 2015

Strabag SE Expects EBIT of at Least € 300 Million for 2015

Construction group Strabag SE today announced its first figures for the 2014 financial year and issued an outlook for 2015.

February 16, 2015

Vienna Airport Suffers 5.9 Pct y/y Decline in Jan Passenger Number

Listed Vienna airport operator Vienna International Airport suffered a 5.9 percent decline in the number of passengers passing through the gates in January to 1,323 million, the company said.

February 12, 2015