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Austrian Energy Industry Headlines

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

SBO Oilfield Seen Posting EUR 9.6 Mln Q1 Net Profit, Down 34 Pct Y/Y

Listed oilfield group SBO will likely post EUR 9.6 million (USD 10.9 million) in Q1 net profit, 34 percent below the year earlier figure, predict analysts ahead of the release of the financial statements slated for Tuesday.

May 18, 2015

EVN Posted Loss in Bulgaria in 2014 for the First Time

Last year the Bulgarian arm of Austria’s energy supplier EVN posted a loss of BGN 98.2 million (EUR 50.2 million) for the first time in ten years, Bulgarian business newspaper Kapital reports. In 2013 EVN Bulgaria posted a profit of BGN 56.2 million.

May 14, 2015

Crowdfunding: Photovoltaic Company Karma Werte Collected EUR 5 Million

Graz-based startup photovoltaic technology specialist Karma Werte collected EUR 5 million (USD 5.6 million) via crowdfunding. The company issued subordinated securities at the beginning of March.

May 11, 2015

OMV Q1 Total Oil and Gas Output Falls Y/Y and Q/Q, Refining Margin Up

Listed oil and gas group OMV saw its Q1 total hydrocarbon output fall by 5 percent q/q to 303k boe/day, less than 311k boe/day in Q1 2014, the company said in Q1 2015 trading statement out Thursday.

April 23, 2015

European Commission: Gazprom Might Have Abused Dominance in EU and CEE

Gazprom might have charged unfair gas prices and abused dominance, the European Commission (EC) has said after completing a probe into possible abuse of monopoly power by the Russian gas giant in certain Central and Eastern European countries.

April 22, 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

Environmental Business Sector Rose in Employment and Revenue Terms

Austria’s environment business increased employment by 2.4 percent to 185,122 fulltime equivalents and revenue by 0.8 percent to EUR 36.3 billion in 2013, Statistik Austria reports.

April 10, 2015

Austrian Plastics and Fertiliser Maker Borealis to Go Public?

The head of Austrian plastics and fertiliser maker Borealis, CEO Mark Garrett, said an interview for Reuters the firm was against a potential IPO as the firm was ‘satisfied with the current ownership structure. And yet, the stock listing remains an option, Garrett concedes.

April 10, 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