Linz AG: Decrease in Operating Profits

TransportRail ♦ Published: December 14, 2010; 21:06 ♦ (Vindobona)

The Upper-Austrian energy supplier experiences a slight increase in sales. Profits declined. However, the board states to be “satisfied”.

Linz AG: Decrease in Operating Profits / Picture: © Linz AG

Today, CEO Alois Froschauer presented the figures of the Linz AG for 2009/2010. Operatings results were better than planned, Linz AG records € 20m. However, in the previous year the company´s operating profits amounted to € 21.1m. Sales rose by 8%: the figure moved from € 562m to € 607m.

In the fiscal year 2009/2010, Linz AG made investments in new power plants and…