Declining Profits for ATX Companies

Businessn.a. ♦ Published: October 24, 2011; 11:37 ♦ (Vindobona)

Analysts expect Vienna-listed companies to report substantial lower profits. Even losses are feared.

Declining Profits for ATX Companies / Picture: ©

Analysts estimate that about the half of ATX-companies will show a significant worse business development for the fourth quarter. Due to the debt-crisis and several political hotspots, global insecurities have risen dramatically over the last months. Two stocks will even record losses: Erste Group´s CEO Andreas Treichl already stated that a loss of € 800m for 2011…