CEO of Alpine: „Hubris Led to Losses“

Industrials › Construction ♦ Published: April 25, 2013; 12:04 ♦ (Vindobona)

Schiefer, new CEO of Alpine, explained in an interview why Alpine made losses in 2012.

CEO of Alpine: „Hubris Led to Losses“ / Picture: © Alpine Logo Press Photo

Almost-gone-bankrupt construction company Alpine has published the preliminary results for the business year 2012 yesterday. The annual losses after taxes are, according to the results, € 449.7m. The construction output decreased from € 3.62bn to € 3.21bn.

New CEO of Alpine Arnold Schiefer regards the losses as a result of “hubris combined with a lacking control”. In an…

or Log In

Fast News Search
Related News
Austria: Alpine’s Future Sealed (March 26, 2013)
Austrian Construction Group Alpine Rescued (March 4, 2013)
Alpine: Future Still Highly Uncertain (February 28, 2013)
Alpine: Creditors Face Haircut (February 2, 2013)
Alpine to Cut a Third of its Workforce (December 21, 2012)
Read More
Alpine, Construction Industry, Earnings, Downsizing, Arnold Schiefer, FCC, Spain
Featured
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
See latest Vindobona Newsletter