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Surprisingly Good First Quarter Results for ÖBB
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The Austrian Federal Railways achieved earnings of € 4.2m before tax in the first three months of 2011. For the full year, however, the company still forecasts a loss.
Surprisingly Good First Quarter Results for ÖBB / Picture: © Wikimedia Commons / NÖLB Mh [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]
Unexpectedly, the ÖBB were able to turn their results positive in the first quarter of 2011. Instead of a calculated loss of € 42.2m, the Federal Railways recorded earnings of € 4.2m before tax. The operating result was clearly above expectations as well. It amounted to € 138.6m and surpassed the calculations by € 20m.
Furthermore, the financial result also exceeded the…
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