AWD back in black
Companies ♦
Published: August 18, 2010; 00:00 ♦ (Vindobona)
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The financial services group AWD Holding AG returned to profitability and achieved a profit before interest and taxes (EBIT) of €20.4m. In the same period last year AWD had at deficit of €10.3m, the EBIT margin is at 7.8 percent.
AWD back in black / Picture: © AWD
The criticised consultant firm is registering profit. Austria and CEE region remain in deficit.
Group sales rose in the first half by 1.8 percent to €262.9m. The result has been improved, due to rigid austerity measures, the daughter of the Swiss insurance company Swiss Life reduced selling and administrative expenses by 23.5percent to €82.5m. The region "Austria and CEE",…
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