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Austrian Industrial Company Headlines

Montana Tech Industries H1 Net Profit Surges to EUR 14.4 Mln

Switzerland-listed Austrian industrial group Montana Tech Components raised net profit by 60 percent y/y to EUR 14.4 million in H1 2016 on revenues growing by 7.2 percent to EUR 372.5 million, the company said.

August 30, 2016

Porr Reports Record Backlog and Profit Hike in H1

Listed construction group Porr saw its H1 2016 results improve considerably: both profit and backlog rose. The net profit increased to EUR 16 million (USD 17.9 million), whereas the order backlog expanded by 14 percent to EUR 5.48 billion. The construction output firmed by 11 percent y/y to EUR 1.66 billion in the first half of the year.

August 30, 2016

Cable Lift Producer Doppelmayr Builds First Lift in Macao

The Vorarlberg-based cable lift producer Doppelmayr has built its first facility in Macao. The circular lift gives the visitors a view of the fountains and brings them to a casino and a hotel the company said. The value of the investment hasn't been revealed.

August 26, 2016

German Subsidiary of Strabag to Build for Axel Springer in Berlin

The German subsidiary of Strabag, Ed. Züblin AG has received the order for the construction of a building for Axel Springer in Berlin. Zublin will act as the general contractor. The volume of the order hasn’t been revealed.

August 25, 2016

C.A.T. Vs. CAT (Caterpillar)

Listed Austrian oilfield equipment maker C.A.T. oil AG was renamed officially to Petro Welt Technologies AG. The cause for this step was an ongoing dispute with U.S. construction machine maker Caterpillar Inc (CAT) due to the name rights.

August 24, 2016

Electromobility Offers Austria Huge Potential

Electromobility offers Austria a huge potential, a study commissioned by Klima und Energiefonds (KliEn) indicates. According to the study, by 2030 Austria’s automotive industry could gain EUR 3.1 billion in added value and 33,900 new jobs, thanks to the expansion of emobility.

August 22, 2016

Porr to Build New Zalando Headquarter in Berlin for EUR 100 Million

Porr Deutschland has secured a EUR 100million (USD 112.6 million) deal in Berlin as general contractor for the headquarter of online fashion retailer Zalando. The German construction arm of Porr will erect a building of 42,000 square meters over a period of 24 months, Porr announced.

August 22, 2016

Verbund and Voestalpine Deepen Collaboration

Verbund and Voestalpine are working on deepening their collaboration to start with, over a period of six years. One of the projects involves the construction of a photovoltaic installation near Voestalpine in Leoben. The energy management of the past is not the energy management of the future, Verbund CEO Wolfgang Anzegruber noted. He and Voestalpine head Wolfgange Eder call for politicians to create stable framework conditions.

July 28, 2016

Palfinger Cranes Raises H1 Net Profit 15 Pct Y/Y to EUR 39.7 Mln

Listed cranes producer Palfinger raised H1 net profit by 15.2 percent y/y to EUR 39.7 million (USD 43.7 million), the company said in a report.

July 27, 2016

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.

July 26, 2016