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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.

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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