The latest industry and company news and analysis from FriedlNews
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Austrian Industrial Company Headlines

Porr Builder Seen with EUR 12.2 Mln Net Loss in Q1

Listed construction group Porr will likely narrow down its attributable net loss y/y to EUR 10.2 million (USD 11.4 million) in Q1 2016 on moderately raising revenues, analysts predict ahead of the publication of the quarterly report on Tuesday.

Yesterday

Strabag Builder Seen Posting EUR 110.6 Mln Net Loss in Q1

Listed builder Strabag will likely post EUR 110.6 million (USD 123.1 million) attributable net loss in Q1 2016, somewhat better than a year earlier, analysts predict ahead of the publication of Q1 report slated for Tuesday.

Yesterday

FACC Aircraft Components Supervisory Board Member Peters Resigns

Listed aircraft components maker FACC saw supervisory board member Gregory B. Peters step down with immediate effect, the company said on Monday.

Yesterday

Austrian Army - Doskozil to Invest EUR 1.74 Billion by 2020

Defence minister Hans Peter Doskozil (SPÖ) will invest by 2020 a total of EUR 1.74 billion (USD 1.95 billion) in the Austrian army. Out of this about EUR 1.2 billion will be invested in required purchases and EUR 535 million will be invested in infrastructure.

Yesterday

Porsche, Piëch Among Richest Austrians

The families Porsche and Piëch once again lead the ranking of richest Austrians, established by business magazine trend. However, due to the emission scandal of VW, the two automotive industry families saw their wealth shrink to EUR 35.4 billion.

May 27, 2016

FACC Reeling in Shock After Firing of CEO

Austrian aviation group FACC is going through a lot of change at the moment. After discovering in January, that due to embezzlement the company account had been drained of millions of euros, the CFO was sacked in February. Now the supervisory board, manned mostly by Chinese who control the company, decided to give the sack to the founder and CEO Walter Stephan. This came as a huge shock to the staff.

May 25, 2016

Voestalpine Invests EUR 300 Million in Linz this Year

Upper Austrian steel group Voestalpine is going to invest in 2016 some EUR 300 million (USD 334.4 million) in the Linz-based facility, board member Herbert Eibensteiner estimated, a press report indicates.

May 25, 2016

Porr Wins Billion-Euro Deal in Bratislava

Together with two other partner companies, Austria’s construction group Porr has secured a deal worth nearly EUR 1 billion (USD 1.12 billion) in Slovakia. It is an infrastructure project to be carried out as a public-private partnership. The Slovakian government signed the concession contract for the construction of nearly 60 km of motorways near Bratislava.

May 24, 2016

Porr Lands First Order in Great Britain

The Austrian construction company Porr is entering Great Britain. In a joint-venture with the Dutch A.Hak and a subsidiary of the Swedish construction group Skanska the company will build a high-pressure gas pipeline in a tunnel. The ordering party of the British gas distributor National Grid. The cost of the whole project is GBP 150 million (EUR 195 million), according to Porr.

May 23, 2016

Asamer Building Materials Revenue Down to EUR 153 Mln in 2015

Upper Austrian construction materials firm ABAG saw its revenues fall to EUR 153 million in 2015 from EUR 165.9 million, while net profit declined to EUR 6.2 million (USD 6.95 million) from EUR 9.4 million, the company said.

May 23, 2016