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Forecasts

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.

Yesterday

EVN: Analysts Expect Improvement of Performance for Three Quarters

The analysts of Raiffeisen Centrobank (RCB) expect that EVN, the listed energy provider will report slightly improved three quarter results. RCB expects the revenue to hike 11 percent y/y to EUR 1.688 billion (USD 1.9 billion) in three quarters. EBITDA is expected to rise by one third to EUR 500.5 million.

August 26, 2015

RBI Bank H1 Net Profit Falls 16.4 Pct Y/Y to EUR 288 Mln in H1

Listed bank RBI posted EUR 288 million (USD 318.9 million) net profit in H1, down by 16.4 percent y/y, and still expects to suffer a net loss in the whole 2015, the bank said in a report.

August 19, 2015

Vienna International Airport: More Profit by June, Outlook Confirmed

Listed airport operator Flughafen Wien posted in H1 2015 a climb of net profits by 8.1 percent to EUR 47.6 million (USD 52.9 million). The profit beat market expectations.

August 18, 2015

Austria’s Economy on the Rebound

Austria’s economy is recovering, as demand from overseas increases. Economists of Bank Austria expect a hike in domestic exports over the next months, but it will be domestic consumption that will boost growth. The experts also predict that the GDP for 2015 is likely to rise 0.9 percent.

August 17, 2015

OMV Unit Borealis Eyes Record Profit this Year - CEO

Plastics, chemicals and fertilisers group Borealis, a 36-percent unit of listed oil and gas giant OMV, expects to post a record result this year, CEO Mark Garrett said.

August 14, 2015

Bawag Set to Beat 2015 Net Profit Target of EUR 400 Mln

Bawag expects to beat net profit target of over EUR 400 million (USD 441.5 million) set for 2015, the management led by Byron Haynes said. No specific new guidance was provided. Bawag netted EUR 226.1 million in H1 2015, up by a heady 29 percent y/y. The bank will also continue savings course.

August 11, 2015

Bene Investor Bartenstein: Waidhofen Will be Maintained

After the takeover of furniture maker Bene in June investors Martin Bartenstein and Erhard Grosnigg have made a statement, assuring that a relocation of the Austrian factory of the firm was out of the question and no more layoffs were planned for the time being.

July 27, 2015

IHS: Austria to See Average Growth Rate of 1.6 Pct a Year by 2019

Austria's economy will grow at a moderate pace of 1.6 percent on average per year until 2019, think tank IHS said in its 2015-2019 forecast. In the previous forecast from last year, IHS expected a 0.25 percent higher growth rate.

July 22, 2015

Bank Austria: Recovery of Austrian Economy Losing Steam

The recovery of Austrian economy is losing momentum. Worries about economic development in Asia and about the Greek crisis are weighing down on the sentiment, according to economists from Bank Austria. In 2015 the rate of unemployment may grow to 9.2 percent.

July 15, 2015