Industrial Goods

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AMAG Boosts Profit for 2014, Dividend to be Doubled

The listed Upper-Austrian aluminium producer AMAG raised its after-tax profit thanks to, above all, tax effects, by 6 percent to EUR 59.2 million. The dividend for shareholders is supposed to be doubled to EUR 1.20 per share the company announced.

February 27, 2015

Eder: Voestalpine Can Bear the Consequences of South Stream Fiasco

The listed steel group voestalpine doesn't have to prepare for contraction due to Russia's withdrawal from the South Stream project. "South Stream is not relevant for earnings” the head of the group Wolfgang Eder declared on Thursday.

February 26, 2015

Kapsch TrafficCom Still in Red Due to Norwegian Firm and Project Loss

Road toll system provider Kapsch TrafficCom continued its loss-making streak in the first nine months of 2014/15. The net loss per share slipped, however, from EUR 0.40 (USD 0.45) to EUR 0.36. The cause for the continuous negative performance of the firm was due to impairment loss on Kapsch’s Norwegian subsidiary Q-Free ASA made in Q3.

February 25, 2015

Kapsch TrafficCom E-Toll Set to Pay Dividend for FY 2014/15

Listed e-toll group Kapsch TrafficCom enjoyed an increase in nine-month earnings in 2014/15 and wants to pay dividend for the whole 2014/15 which is expected to also show a y/y improvement in earnings, the group said.

February 25, 2015

Banner Car Batteries to Invest EUR 35 Mln in New Plant

Car batteries producer Banner plans to open a new facility in Pasching and will invest EUR 35 million (USD 39.6 million), the company told APA.

February 24, 2015

Magna Sells Styrian Battery Plant to Samsung

Magna Steyr Battery Systems (MSBS) in Zettling near Graz will be sold to Samsung SDI, a spokesperson of Magna, Ana Topolic confirmed on Tuesday.

February 24, 2015

Kapsch TrafficCom - Analysts Expect Operating Profit for 9 Months

Analysts predict that the 9-month financial report of Kapsch TrafficCom to be published on Wednesday will show substantial gains on the operating level.

February 23, 2015

One Equity Partners Sells Paper Maker Duropack

The deal for the sale of corrugated cardboard maker Duropack was signed on Sunday, financial investor OEP confirmed towards APA. The closing of the deal is expected to take place around Q2 2015. The spokesperson of Duropack did not want to comment whether or not the owner swap will affect the facilities or the staff of 2,600.

February 23, 2015

Andritz Signs EUR 100 Million LoI in Finland

Listed engineering Group Andritz has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-product pulp mill with an annual capacity of 1.3 million tons of pulp in Äänekoski, Finland. The order value for Andritz is over 100 million euros. Start-up of the planned mill is scheduled for August 2017.

February 13, 2015

Voestalpine Reports Increase in Earnings in 9 Months

Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group Voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

February 10, 2015