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Record Loss for A-Tec in 2010

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: © Reuters

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…

This article includes a total of 201 words.

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