The latest industrial goods industry and company news and analysis from FriedlNews
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Austrian Industrial Goods Headlines

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

AT&S Electronics Reports Mixed Results Because of New Plant in Chongqing

The listed Styrian circuit board producer AT&S has reported mixed results for the financial year 2015/16 due to the launch of its new plant in Chongqing. Sales increased by 14.4 percent to EUR 762.9 million. At the same time EBIT slumped 14.6 percent to EUR 77 million - AT&S announced. Group result decreased from EUR 69.3 million to EUR 56 million (USD 63.8 million).

May 10, 2016

RHI Refractories Q1 Net Profit Seen Down 22 Pct Y/Y to EUR 16.2 Mln

Listed refractories producer RHI will likely post EUR 16.2 million (USD 18.5 million) net profit in Q1 2016, down by 22 percent y/y, on fairly stable revenues, predict analysts ahead of the release of the results scheduled for Thursday.

May 10, 2016

AT&S Bets on Chinese Investment, Technological Development

Listed printed circuit board maker AT&S suffered a decline in FY 2015/16 net profit by 19.3 percent to EUR 56 million (USD 63.8 million), despite a 14.4percent increase in revenues to EUR 762.9 million, the company said in a report and during a conference on Tuesday.

May 10, 2016

Battery Maker Banner Saw Its Revenue and Sales Volume Hike by 8 Percent

Upper Austria battery maker Banner from Leonding saw its revenue and sales volume hike by 8 percent each in the just ended FY 2015/16 (end of March). 4.1 million starter batteries have been sold, the revenue settled at EUR 258 million the company announced. Growth was achieved mostly thanks to the rising demand for enhanced flooded batteries for vehicles, which Banner has been supplying since 2015 for Volkswagen mid-sized cars. Over the past five years Banner has invested over EUR 40 million (USD 45.9 million) in its plant in Leonding. A new facility is to be build in Pasching, close to Leonding, for EUR 35 million, although the project is meeting with a lot of resistance among local communities.

May 6, 2016

Zumtobel Lights to Close German Plant in Usingen

Listed lights group Zumtobel will close its Usingen-based German plant as of end-August with 156 employees to be dismissed, the company said.

April 28, 2016

AMS Microelectronics Wins Dispute in US

Styrian microelectronics firm AMS was awarded a USD 77 million (EUR 68 million) compensation by the final ruling in the legal dispute concerning potential patent infringement with US competitor Intersil Corporation, ams said.

April 27, 2016

Corpus Christi Plant in Texas to Boost Voestalpine’s Sales

The listed steel group voestalpine wants to triple its sales in North America to EUR 3 billion (USD 3.39 billion) by 2020. The almost ready iron sponge plant in Texas is supposed to be the driving force behind this growth.

April 22, 2016

Let's Print Intends to Become CEE Hub After Merger with UK's Walstead

UK's Walstead group, which inked the agreement to buy Leykam's printing firm Let's Print, wants to set up "the biggest European printing platform for flyers, magazines and catalogues,” Walstead CEO Mark Scanlon said in a press statement.

April 11, 2016

Voestalpine Acquires Specialty Steel Firms in Shanghai and Barcelona

Voestalpine steel buys two specialty steel firms. With the purchase of Advanced Tooling Tek (ATT) in Shanghai, China, and the Sermetal Group in Barcelona, Spain, Voestalpine is enhancing its position as a producer of special steels. Both companies are specialized in the processing and sale of special steel products for tool and mold-making, a segment whose main customers are the automotive and electronics industries. Together ATT and the Sermetal Group have around 160 employees and generated a total revenue of around EUR 43 million in 2015.

April 7, 2016