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Austrian Market Headlines and Analysis

Investors Flock for Stake in Casinos Austria

Listed casinos operator Casinos Austria is of interest to further investors as ex-chancellor Alfred Gusenbauer (in cooperation with investor Hans Peter Haselsteiner) as well as gambling groups from Israel and the US (Gaming and Leisure Properties) announced their interest, the daily Salzburger Nachrichten writes.

April 30, 2015

6B47 Sold Property for EUR 165 Million in Frankfurt

The Vienna-based property development company 6B47 Real Estate Investors AG has sold 4 properties in Frankfurt for about EUR 165 million (USD 185 million). This is the company's biggest deal in Germany so far.

April 30, 2015

Business Climate Worse in April in Austria and Eurozone

The economic climate in Austria deteriorated in April 2015, compared to March, to 93.4 from 94.2 points. In the EU the latest European Commission data indicate an improvement of sentiments from 106.1 to 106.4 points, whereas in the eurozone sentiments slipped from 103.9 to 103.7 points.

April 30, 2015

Semperit is Allowed to Take Over German Profile Producer Leeser

Listed rubber and plastics producer Semperit has secured the regulatory approval for the takeover of German profile manufacturer Leeser, the Austrian firm announced.

April 29, 2015

Jurkowitsch: Warimpex to Maintain Russian Investments

Even though the Russian crisis has dragged hotel operator and real estate developer Warimpex deep into the loss zone, Warimpex head Franz Jurkowitsch still believes in the market. He assures his company wants to stay in that region, keeping its investments and launching new developments.

April 29, 2015

Austria’s Top Firms Shrank in 2013, Germans and Swiss Stable

Austria’s top 100 enterprises coped with the crisis years worse than large companies in Switzerland and Germany. While the revenue of the 100 biggest firms caved in by 6 percent in 2013, rivals in the neighbouring countries managed to raise sales by 0.6 percent (Germany) or keep sales stable (Switzerland), a study of consulting firm Accenture indicates.

April 29, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Conwert Real Estate in Talks to Dismiss CEO Schneider

Listed property group conwert is at an "advanced stage” of talks between the group's supervisory board and CEO Clemens Schneider on the dismissal of the CEO, the company said confirming earlier reports in the press.

April 29, 2015

Warimpex Real Suffers EUR 35.3 Mln Loss in 2014

Vienna and Warsaw-listed hotel operator and real estate firm Warimpex suffered a EUR 35.3 million net loss in 2014, which stemmed, above all, from FX and revaluation losses in Russia, the group said Wednesday confirming preliminary figures released in early April.

April 29, 2015

S Immo Real Estate Raises 2014 Net Profit by 21 Pct, Ups Dividend

Listed property group S Immo raised 2014 net earnings by 20.6 percent to EUR 33.8 million (USD 36.85 million) and plans to increase the dividend to EUR 0.24 per share versus EUR 0.20 paid previously, the group said Wednesday morning confirming preliminary figures.

April 29, 2015