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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.

Yesterday

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.

Yesterday

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

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 - 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

One Equity Partners Sells Paper Maker Duropack

The deal for the sale of corrugated cardboard maker Duropack was signed on Sunday, financial investor OEP confirmed towards APA. The closing of the deal is expected to take place around Q2 2015. The spokesperson of Duropack did not want to comment whether or not the owner swap will affect the facilities or the staff of 2,600.

February 23, 2015

Treibacher Industrie Vying for Slovenia’s Cinkarna Celje

Carinthian firm Treibacher Industrie AG is interested in acquiring Slovenian chemical company Cinkarna Celje which is soon to be privatised.

February 19, 2015

Voestalpine Reports Increase in Earnings in 9 Months

Although the development of the global economy was very inconsistent in 2014 and, after a relatively optimistic start, was marked by an increasingly sober mood from the summer months onward, the steel-based technology and capital goods group Voestalpine reported a significant increase in earnings in the first three quarters of the business year 2014/15 (April 1 to December 31, 2014).

February 10, 2015

Andritz Signs EUR 250 Million Deal in the UK

Listed engineering group Andritz will supply equipment worth EUR 250 million for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales.

February 10, 2015

Voestalpine Steel to Decide on EUR 140 Mln Investment in China by Mid-2015

Listed steel group Voestalpine expects to make the decision on the construction of EUR 140 million (USD 158 million) stainless steel plant in China in H1 2015, CEO Wolfgang Eder told an earnings teleconference on Tuesday.

February 10, 2015