ATB in Severe Turbulences

IndustrialsIndustrial Goods ♦ Published: April 22, 2011; 06:51 ♦ (Vindobona)

Losses of the Austrian A-Tec subsidiary will probably exceed half of the share capital.

ATB in Severe Turbulences / Picture: © ATB

The Management Board of ATB Austria Antriebstechnik AG has ascertained that the annual loss to be reported will probably exceed half of the company ́s share capital. An extraordinary general meeting on 16 May will consequently be called and the Management Board will report to the meeting on the company ́s financial situation and the restructuring actions being…

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