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.