Industrials

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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

Andritz May Have to Pay EUR 8 Million Guarantee in Romania

The listed Styrian facilities builder Andritz has been confronted in Romania with a claim for EUR 8 million (USD 9.1 million) guarantee from the insolvent power plant operator Hidroelectrica. This was reported by "WirtschaftsBlatt” on Friday.

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

Wienerberger Bricks Suffers EUR 170 Mln Net Loss in FY 2014 on Q4 Impairments

Listed construction materials maker Wienerberger saw its plans for the return to profit in 2014 shatter: the company suffered a heady EUR 170 million net loss last year, as Q4 closed deep in the red on extensive EUR 208 million writeoffs, the company's report out Thursday showed.

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

Strabag Seeks to Grow Overseas

Listed Austrian construction group Strabag wants to expand business overseas and to increase the share of markets outside of Europe, it follows from an interview with CEO Thomas Birtel for WirtschaftsBlatt. The dividend for 2014 is to be at least as big as for 2013 (EUR 0.45/USD 0.51 per share)

February 23, 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