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Austrian Market Headlines and Analysis

Hutchison's Austrian Telco 3 Attracted More Clients

The new discount mobile network HoT hasn't slowed down 3 (Hutchison). 3, after A1 and T-Mobile the third-biggest Austrian mobile network operator raised the number of its customers in H1 by the end of June by about 100,000 to 3.7 million. Consolidated sales increased, compared to the first half of 2014 by 4 percent to EUR 355 million (USD 400.7 million).

Yesterday

UIAG Plans Further Investments

The Upper-Austrian investment company Unternehmens Invest AG (UIAG) wants to carry out further acquisitions. UIAG is specialized in SME's and holds stakes in the following companies: Pongratz Trailer-Group GmbH (99 percent), All for One Steeb AG (25.1 percent), LCS Holding GmbH (30 percent) and UIAG Automotive Beteiligungs GmbH (100 percent) as well as UIAG Holding GmbH (100 percent) for investment management.

Yesterday

Spar Boosts Sales in H1, Loses Market Shares in Austria

The Spar group, including CEE subsidiaries and Hervis, managed to raise its sales by about 3 percent in H1 to EUR 2.67 billion. However, in Austria the group's market shares shrank. The company made a net profit of EUR 29.8 million after EUR 20.7 million (USD 23.4 million) last year.

Yesterday

RZB Bank Gives No Info on Potential Merger with Unit RBI; H1 Net Profit Down 10 Pct

Raiffeisen Zentralbank (RZB), parent of listed bank RBI, failed to provide information on a potential merger with the unit in the H1 report, saying only that it is focusing on capital structure.

Yesterday

Porr Builder Doubles H1 Net Profit Y/Y to EUR 10.8 Mln

Listed builder Porr raised H1 2015 net profit to EUR 10.8 million (USD 12.2 million) from EUR 5.1 million a year earlier, the company said in a report. EBIT jumped by 70.8 percent y/y to EUR 21.5 million.

Yesterday

Immigon Expects a Profit of more than a Hundred Million this Year

Among others, special income from high-volume bond buyback from August is supposed to make it possible for bad bank Immigon - formed from a part of ÖVAG - to make a profit exceeding a hundred million Euros for this year.

Yesterday

Strabag Wins Road Deal in Poland for € 118 Million

Listed builder Strabag won a EUR 118 million (USD 135.4 million) contract in Poland for the construction of a 15 km motorway section between Woźniki and Pyrzowice plus one motorway maintenance facility, two rest stops, 29 bridges and wildlife crossings. Completion is supposed to take place in mid-2018.

August 27, 2015

Uniqa Insurance Raises Earnings in H1, Confirms Full-Year Guidance

Listed insurance group Uniqa met market expectations with a 5.2 percent y/y increase in earnings on core operations to EUR 190.8 million (USD 218.9 million) in H1 2015, the company said. The group stands by the guidance for raising the amount further to EUR 425-450 million in the whole 2015.

August 27, 2015

The Takeover of Bwin.Party Still Unclear

The Austrian-British gambling company bwin.party today asked its rival GVC Holdings for the best possible takeover offer. Earlier bwin.party and GVC aligned their positions concerning the bid at EUR 1.37 billion (USD 1.55 billion).

August 27, 2015

UBM Boosts Profit Following Merger

UBM Development AG formed from PIAG Immobilien and UBM Realitätenentwicklung closed the first half of the year with substantially higher profit. Following the merger with the property division of the construction group Porr on February 19, 2015, the result for the period climbed almost 24 percent from EUR 6.8 million (USD 7.67 million) to EUR 8.4 million also thanks to booming property sales UBM announced.

August 27, 2015