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Austrian Railways: Net Income to Reach € 200m in Medium Term

Published: October 20, 2012; 14:07 · (Vindobona)

Despite the difficult economic situation, CEO Christian Kern aims to increase the profitability further. “The fourth quarter will be brutal.” he says.

Austrian Railways: Net Income to Reach € 200m in Medium Term / Picture: © ÖBB-Holding AG / Sabine Hauswirth

According to Kern, ÖBB fights against the bad economic situation. The fourth quarter “will be brutal” Kern stresses. Nevertheless, ÖBB´s net income in 2012 may reach € 60m this year, Kern says. This would be ÖBB´s first positive result for decades. In the first half year, ÖBB´s net income totaled € 79m. Kern explains that the first six months contained a one-time effect…

This article includes a total of 203 words.

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