Companies

AWD back in black

Published: August 18, 2010; 00:00 · (Vindobona)

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",…

This article includes a total of 117 words.

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AWD back in black

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.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.