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Vienna International Business News | Economic | Investment | Financial
Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments
Industrial Producer Prices Went Up by 3.5% in September
The development was mainly driven by prices of intermediate goods. Energy prices were up by 8.7% on average.
November 18, 2011
Rosenbauer Reports Drop in Profit
The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.
November 18, 2011
Vienna Airport Issues Profit Warning
Non-recurring effects and impairment charges of € 74m have a negative effect on results for the first nine months of 2011; preliminary net profit for the period falls to € 20m.
November 18, 2011
No Growth in Construction Industry in 2012
Austrian companies fear the effects of the debt brake while they still suffer from the consequences of the recession of 2009.
November 17, 2011
Austrian Firms Expect Slowing Economy
Forecasts for the Austrian economy have been deteriorating since summer 2011. The WKÖ now joins the chorus with a recent survey.
November 17, 2011
Do & Co Continues to Grow in Difficult Market Environment
The Austrian catering company increased sales by 9.8% in the first half of its business year. EBIT was up by 24.1% to € 18.88m.
November 17, 2011
Austrian Post Increased Revenues and Earnings
Profit for the period came in lower than expected at €78.9m due to a provision amounting to € 20.0m for structural measures relating to the Parcel Division.
November 17, 2011
voestalpine Cuts Outlook for the Full Business Year
In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.
November 17, 2011
Temporary Work Increases
In 2010, 66.100 temporary workers were employed in Austria. Their number should increase up to 82.200 by 2012.
November 16, 2011
Economic Downturn Becomes More Obvious
Due to the strong development in the first half year, Austria´s economic growth will amount to 2.9% in 2011. However, for 2012 the growth rate will decrease significantly.
November 16, 2011
Austrian Inflation Decreases to 3.4%
Consumer Price Inflation decreased to +3.4% in October 2011. The main draivers are lodging and energy prices.
November 16, 2011
Binder+Co Reports Strong Rise in Sales and Orders
Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.
November 16, 2011
SBO Doubled Profits
The Austrian supplier of oilfield equipments raised sales by 36.6%. SBO starts into the fourth quarter with a sound order backlog
November 16, 2011
Conwert With Negative Result in Third Quarter
The Austrian real estate company announces positive results for the first nine months. Profits declined considerably, EBIT improved.
November 16, 2011
Increasing Earnings and Profits for Atrium
The Israeli, Vienna-listed real estate company published results for the third quarter. Profits before taxes went up by 39%.
November 15, 2011
„Debt Brake“ for Austrian Government
As the Austrian government fears a downgrade of its rating, the coalition partners agreed to install a „debt break“. Reactions are ambiguous.
November 15, 2011
Brain Force Announces Turnaround
The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.
November 15, 2011
Austrian Economic Growth Slows Down
According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.
November 15, 2011
Jobs to be Cut at Bank Austria
After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.
November 15, 2011
Semperit Exceeds Forecasts
In the first nine months, the Austrian manufacturer of synthetic products was able to raise sales by 20.6% to € 626.2m. Profits increased by 18.7%.
November 15, 2011
Stable Results for Mayr-Melnhof
The Austria cartonboard producer announces rising sales, earnings and profits. However, the outlook is less optimistic. Mayr-Melnhof sees declining margins.
November 15, 2011
Lenzing Meets Expectations
In the first nine months of 2011, the Austrian Lenzing Group could improve financial key figures. Profits were up by 77.5%.
November 15, 2011
Vienna Insurance Group Reports Moderate Rise in Profits
Profit (before taxes) went up by about 10 percent to € 414.1m. Group premiums rose by 4.0 percent to € 6.8bn.
November 15, 2011
Chamber of Labor Claims Reduction in Working Time
According to the Austrian Chamber of Labor, companies earn € 4,000 per employee. The Chamber asks for fair wages and a cut in working time.
November 14, 2011
High Losses for Bank Austria
Due to high write-offs in Ukraine and Kazakhstan, losses amount to € 600m in the third quarter. The first nine months bring profits of only € 4.5m.
November 14, 2011
Poverty: 1.0 Million Austrians Endangered
In Austria, 12% of the population is endangered of poverty. About the half of this group is permanently poor.
November 14, 2011
Stable Electricity Consumption of Austrian Households
2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.
November 14, 2011
Profit Decline for Telekom Austria
Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.
November 14, 2011
Savings Capacity in Austrian Health Care System
Expenses for the Austrian health care system amount to 11.0% of the GDP. The savings capacity has to be exploited, politicians say.
November 12, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Sharp Criticism Against Felderer
The head of the Viennese Chamber of Labor, Werner Muhm, attacks the director of IHS, Bernhard Felderer. His economic forecast is “propaganda of fear”.
November 12, 2011
Fabasoft in the Black Zone
The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.
November 12, 2011
Moderate Rise in Profits for Semperit
The Austrian producer of synthetic materials will report a rise in profits by 12.7%, Austrian analysts expect.
November 12, 2011
Stable Results for Ottakringer
In spite of increasing costs and sales problems in Hungary, the Austrian major brewery and mineral water producer expects to maintain results of 2010.
November 12, 2011
Lenzing: Strong Rise in Profits Expected
For analysts, the Austrian fiber manufacturer Lenzing will report highly satisfying results. Sales, earnings as well as profits should increase.
November 12, 2011
Strong Growth for Exports to USA in 2012
This year, Austrian exports to the U.S. will reach the level of 2008. The export volume will amount to € 6.0bn this year.
November 12, 2011
ECO Business Reports Losses
The Austrian real estate company, which is listed at Vienna Stock Exchange, announces losses for the first nine months of € 6.8m.
November 12, 2011
Porr Records Strong Growth in Orders
The Austrian construction group’s order bookings increased by 36.6% in the first nine months of the year, strongly driven by demand in foreign markets.
November 11, 2011
Spindelegger: Cost Cuts and Privatizations to Save Triple-A
Annual interest payments would grow by € 3bn if Austria was downgraded by one notch.
November 11, 2011
Austria’s Tax Revenues 7.6% Higher than in 2010
The state’s total revenue was up by 8.2%, while expenditures increased by only 1.08% in the period January to September.
November 11, 2011
ATB Posts Loss due to Court Ruling
The former subsidiary of A-Tec lost a lawsuit and has to pay € 13.4m. EBIT amounted to € 6.1m in the period July to September.
November 11, 2011
Borealis’ Third Quarter Delivers Positive Results
The Austrian chemical company doubled its profit in an increasingly challenging market environment.
November 11, 2011
Significant Drop in Earnings for BWT
The Austrian water technology company registered a 41% drop in EBIT during the third quarter, despite an increase in revenue of 5%.
November 11, 2011
Head’s Loss Widens Further as Costs Increase
The Dutch Vienna-listed sports equipment manufacturer generated a net loss of € 12.4m in the first nine months of the year.
November 10, 2011
WIFO Sees Growing Signs of Economic Slowdown
The research institute expects a substantial decline in Austria’s GDP growth rate. Companies have already lowered their expectations for the months to come.
November 10, 2011
Car Market Grows Slightly in October
New passenger car registrations increased by 0.7%; the mark of 300,000 registrations has already been exceeded in the year 2011.
November 10, 2011
Moderate Rise in Construction Costs in the Third Quarter
The price index reached 103.5 points in the third quarter: +3.0% year-on-year, +0.3% against the second quarter.
November 10, 2011
BDI: BioGas Operations Successfully Established on the Market
The Styrian company increased earnings to € 3.2m in the first nine months of 2011 in spite of a moderate decline in sales.
November 10, 2011
Polytec Raises Outlook and Confirms Dividend
The Austrian component supplier registered a 50% decline in financing costs. Group sales are now expected to amount to € 650m in the full year.
November 10, 2011
Palfinger Reports Continued Growth
Revenue of the Austrian crane manufacturer increased by 34% in the first three quarters of 2011, EBIT more than doubled to € 52.4m.
November 10, 2011
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