Surprisingly Good First Quarter Results for ÖBB

Transport › Rail ♦ Published: May 23, 2011; 13:39 ♦ (Vindobona)

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: © Vindobona.org

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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