Austrian Companies: Declining Profits, Growing Sales

BusinessEconomy ♦ Published: September 24, 2012; 21:30 ♦ (Vindobona)

According to a survey, Austrian company leaders expect mixed results. One quarter intends to hire more staff. One quarter considers reducing the number of employees.

Austrian Companies: Declining Profits, Growing Sales / Picture: © Vindobona.org

Austrian managers expect to achieve growing revenues the last quarter of 2012. One quarter of the interviewees forecast growing revenues compared to the reference period of 2011. However, net profits are expected to decline compared to 2011. One third of the respondents anticipate lower profit margins, which is due to the economic frame conditions.

About two third of the…