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Alpine Confirms „Substantial Losses“
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The Austrian construction company is in severe difficulties. The management demonstrates optimism.
Alpine Confirms „Substantial Losses“ / Picture: © Alpine Logo Press Photo
Today, Alpine issued an ad-hoc announcement and confirmed that high losses will be registered this year. In total, Alpine´s write-downs may reach up to € 400m, the business advisor KPMG said. In 2013, a negative EBT of € 263m is expected. Above all, this is due to write-downs of projects in Southeastern Europe. In spring, Alpine announced to withdraw from foreign markets gradually…
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