ÖVAG Group Achieved Turnaround in 2010

Published: April 18, 2011; 11:20 · (Vindobona)

Operating results rose by 34% against 2009, profit after taxes was € 55m. The government participation capital will be refunded this year.

ÖVAG Group Achieved Turnaround in 2010 / Picture: © Volksbank AG

Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) Group has returned to profitability. The positive trend evident in the last quarterly figures was confirmed in the annual result for 2010: the annual result before taxes is € 91 m. In the words of Chief Executive Officer Gerald Wenzel: “We have paved the way for the long-term future success of ÖVAG as well as developed and…

This article includes a total of 686 words.

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