Austrian Companies Have € 8.5bn Cash on Hand

Companies ♦ Published: December 15, 2011; 16:04 ♦ (Vindobona)

ATX and Prime Market companies‘ money holdings amounted to € 8.5bn in Q2 2011. Investments totaled € 1.5bn.

Austrian Companies Have € 8.5bn Cash on Hand / Picture: © Vindobona.org

A survey published by the consulting company PricewaterhouseCoopers (PwC) found that the cash on hand of Austrian companies amounted to € 8.5bn in the second quarter of the year, which corresponds to a decline of € 500m compared to the fourth quarter of 2010. However, the amount is still € 1.7bn higher than in 2008 and 2009. Strabag (€ 1.4bn), OMV (€ 1.2bn) and Andritz (€…

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