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Austrian Industrial Goods Headlines

Keba Electronics FY Revenues at EUR 181 Mln

Linz-based electronics firm Keba posted EUR 181 million revenues for the financial year ended as of the end of March, down from EUR 189.5 million (USD 208.7 million) a year earlier for accounting reasons, CEO Gerhard Luftensteiner said at a press conference.

Yesterday

EUR 250 Million Order Brings Smart Meters to Styria

From the autumn of 2017 a major portion of Styrian households will have the so-called smart meters, intelligent electricity meters. Energie Steiermark together with 30 smaller energy companies organized a tender for a contract worth over EUR 250 million. Two producers from France France and Switzerland competed in the tender. The internal parts will come from ams in Unterpremstätten.

July 19, 2016

Julius Blum Raised Sales to EUR 1.66 Billion

The globally active Vorarlberg-based fittings producer group Julius Blum GmbH raised its sales in the financial year 2015/2016 (by June 30, 2016) by 6.5 percent to EUR 1.656 billion (last year EUR 1.555 billion). Great Britain is one of the company's ten biggest markets. Due to the depreciation of the British pound the group has already felt the impact of Brexit.

July 14, 2016

Voestalpine Steel Eyes Further Growth in Automotive Segment

Listed steel group Voestalpine is eyeing further, permanent growth in the automotive segment, CEO Wolfgang Eder said in a statement accompanying the launch of the group's new light automotive components facility in Germany's Schwäbisch Gmünd. By 2020, the company wants to raise the share of mobility segment in total revenues to 50 percent from the current 48 percent.

July 8, 2016

Salzgitter and Voestalpine Deny Involvment in Car-Steel Price Collusions

Germany’s second-biggest steel producer Salzgitter is, according to its own sources, not affected by the alleged automotive industry and steel price collusion. The group was informed about the problem by the press. Austria’s own steel group Voestalpine, also a supplier of the German automotive industry, has also repudiated being caught up in the investigation of the German antitrust authority.

July 6, 2016

Kapsch TrafficCom Lands Deal in USA

Listed toll system provider Kapsch TrafficCom AG has secured a deal worth USD 11.5 million (EUR 10.4 million) in the USA. A subsidiary of the Austrian firm has been commissioned with the upgrade of the Integrated Transportation Management Systems in the Highway Operations Center (HOC) of the traffic authority of Massachusetts.

June 28, 2016

Ex OMV CEO Ruttenstorfer Interim Boss of RHI

Former OMV CEO Wolfgang Ruttenstorfer has assumed the post of interim chairman of the management board in lieu of sick CEO Franz Struzl. Next to Rutterstorfer, who is also deputy chairman of the supervisory board of RHI, the supervisory board also appointed Barbara Potisk-Eibensteiner for a second five-year term as CFO, with the new term of office commencing in April 2017.

June 27, 2016

Zumtobel has Launched Regional Project Centre in Belgrade

Lamp maker Zumtobel has launched a new regional project centre in Belgrade. Director Milan Lazarevic said that the centre would be in charge of projects in Hungary, the Czech Republic, Slovakia, Croatia, Romania, Bulgaria and Belgium.

June 22, 2016

Kapsch TrafficCom Sees Profit Hike in 2015/16

Listed toll system provider Kapsch TrafficCom raised its net profit to EUR 36 million (USD 40.8 million), from EUR 11 million a year earlier, and revenues by 15 percent y/y to EUR 526 billion in FY 2015/16. EBIT nearly doubled y/y to EUR 62 million, even though the base in 2014/15 was high enough, thanks to one-off effects.

June 22, 2016

Palfinger Eyeing Norwegian Offshore Technology Provider TTS

Listed crane manufacturer Palfinger has submitted a bid for Norwegian ship chandler TTS Group ASA, the company announced. Palfinger would like to acquire all shares of TTS, for a total price of EUR 60 million (USD 67.54 million) in cash, though Palfinger would also have to cover debt of the Norwegian firm.

June 21, 2016