Doppelmayr Hopes for China

Published: March 6, 2012; 14:35 · (Vindobona)

The Austrian cable railway producer faces a small and stagnating market in the U.S. South America and China are seen as growth markets.

Doppelmayr Hopes for China / Picture: © Doppelmayr

In spite of stable tourism in Austrian and large orders for Olympia 2014 in Sotchi, revenue expectations for 2011/12 are decent. Doppelmayer expects revenues to stagnate at € 618m.

CEO Michael Doppelmayer worries about the development in the U.S. „Due to the crisis, fewer property is sold in ski areas of North America. However, North American ski areas depend on property…

This article includes a total of 230 words.

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