Record Loss for A-Tec in 2010

Companies › Technology ♦ Published: June 15, 2011; 20:39 ♦ (Vindobona)

The insolvent company reported a loss of € 585m. Nonetheless, CEO Kovats sees a positive development and remains optimistic.

Record Loss for A-Tec in 2010 / Picture: © Vindobona.org

The Austrian conglomerate A-Tec, which became insolvent in October 2010, incurred a record loss of € 585m in the last business year. At the presentation of the group’s results CEO Mirko Kovats announced that there was a “solid operative development” and that he was confident to find an investor who is willing to pay some € 200m for the remaining parts of the…

or Log In

Fast News Search
Related News
Penta Investments Interested in A-Tec (May 27, 2011)
Signs of Recovery at A-Tec (May 12, 2011)
A-Tec Restructuring Plan Confirmed (May 11, 2011)
A-Tec: Coal Power Plant Will Not Be Converted (May 3, 2011)
ATB in Severe Turbulences (April 21, 2011)
Interest in Acquiring A-Tec (April 21, 2011)
Read More
ATec, High Tech Industry, Restructuring, Insolvencies, Earnings, Mirko Kovats
Featured
Coronavirus in Austria: Update
Austrian Measures against the Novel Coronavirus
Is Vienna Prepared for the Novel Coronavirus?
Coronavirus: Temperature Checks Effective Immediately at Vienna Airport
Coronavirus: Infopoint for Affected Companies
See latest Vindobona Newsletter