Foreign Trade

Denzel Boosts Sales and Profit

Austrian car dealer Denzel sold more last financial year raising sales by 4 percent to EUR 650 million. Over 40,000 vehicles were sold. The company made a EUR 10.6 million net profit. Among the importer’s biggest problems is finding the right employees.

May 19, 2016

AT&S Electronics Reports Mixed Results Because of New Plant in Chongqing

The listed Styrian circuit board producer AT&S has reported mixed results for the financial year 2015/16 due to the launch of its new plant in Chongqing. Sales increased by 14.4 percent to EUR 762.9 million. At the same time EBIT slumped 14.6 percent to EUR 77 million - AT&S announced. Group result decreased from EUR 69.3 million to EUR 56 million (USD 63.8 million).

May 10, 2016

AT&S Bets on Chinese Investment, Technological Development

Listed printed circuit board maker AT&S suffered a decline in FY 2015/16 net profit by 19.3 percent to EUR 56 million (USD 63.8 million), despite a 14.4percent increase in revenues to EUR 762.9 million, the company said in a report and during a conference on Tuesday.

May 10, 2016

Statistik Austria: Foreign Trade Relocating Toward EU

Austria’s economic policy may involve the search for export markets beyond Europe, but for the moment being the flow of goods has been focused on the EU this year, Statistik Austria reports today. In February domestic export to the EU firmed by 7.1 percent to EUR 7.63 billion, while imports from EU member states rose 5.2 percent to EUR 7.85 billion (USD 8.97 billion). Meanwhile, trade with third countries has shrunk.

May 9, 2016

Backaldrin to Build New Factory in Russia

Upper Austrian baking ingredient maker Backaldrin, producer of flagship pastry Kornspitz, is going to expand in Russia by building a new factory in the new industrial park Novoe Stupin, some 75 km off Moscow.

April 26, 2016

India-Austria Bilateral Foreign Trade Volume Increases to EUR 1.40 Billion

Last year was a very good year for India-Austria foreign trade. Experiencing a much faster growth rate than Austria’s overall trade, Austria imported items amounting to EUR 702 million from India and exported a volume amounting EUR 700 million to India.

April 20, 2016

Austria Among Top 10 Countries with Biggest Payment Bottlenecks

Austria and its main trading partner Germany ranked among the top 10 countries with the biggest payment bottlenecks, credit insurer OeKB said in the quarterly report.

April 20, 2016

Farmers and Greenpeace Join Forces to Protest against TTIP

Austria’s retail group Spar, the association of Austrian organic farmers and environmentalist NGO Greenpeace close ranks to protest against the EU-US free trade agreement TTIP. A study by IHS and ÖFSE on the effects of the TTIP adds fuel to their opposition.

April 14, 2016

Linz-Based Unit of Bilfinger Delivers EUR 10 Mln Pipe System to Egypt

Bilfinger VAM, a Linz-based unit of German construction firm, will enjoy a capacity utilisation until autumn thanks to the contract for a pipe system in Egypt, the company said. The firm shares the EUR 10 million (USD 11.3 million) deal with another Bilfinger unit.

April 7, 2016

Georg Kapsch: EU Needs Trade Agreement with Russia

Next to the nearly ready trade agreement with Canada (CETA) and the trade agreement with the USA (TTIP), the EU needs an agreement with Russia, the head of the industrialists association (Industriellenvereinigung (IV)), Georg Kapsch, reckons.

March 7, 2016