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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
RBI – Capital Increase May Be an Option
The Austrian bank posted strong results for the first six months of the year. Consolidated profit increased by almost one third year-on-year.
August 25, 2011
Eco Business to Continue Redimensioning
The Austrian real estate company registered a strong decline in EBIT and incurred a net loss of € 3.0m in the first six months of the year.
August 24, 2011
IHS: No Zero Deficit until 2021
The research institute calculated that Austria will not be able to achieve a balanced budget in the next ten years. Felderer calls for reforms of the pension and healthcare systems.
August 24, 2011
Significant Decline in Profits for Bawag
Net profit of the Austrian bank dropped 18.5% to € 78.5m in the first six months of the year. The bank levy totaled € 10.2m.
August 24, 2011
Production Index: Construction Output Down 3%
Production index in June 2011: +5.5% compared to June 2010, -0.8% against May 2011.
August 24, 2011
Strong Profit Increase for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to June. Net profit more than doubled to € 6.1m.
August 24, 2011
Significant Drop in Revenue for SW Umwelttechnik
The Austrian technology company recorded mixed results in a challenging market environment. Revenue dropped 7%, EBIT improved but remained negative at € -1.7m.
August 24, 2011
Industry Raises Alarm over Lack of Technicians and Apprentices
voestalpine CEO Eder and WKÖ president Leitl call for measures against the shortage of skilled personnel. They want to increase the attractiveness of technical jobs and raise the retirement age.
August 23, 2011
Outstanding Results for Lenzing
The Austrian fiber manufacturer increased sales by 31% to more than € 1bn in the first six months of the year. EBIT almost doubled to € 199.2m.
August 23, 2011
Gaming Provider bet-at-home in the Black Again
The online gaming provider, which has recently applied for the Austrian lottery license, achieved a profit in the first six months of the year.
August 22, 2011
Sharp Increase in Revenue and Profit for Kapsch TrafficCom
Revenues of the Austrian technology company doubled to € 134.7m in the first quarter of FY 2011/12. EBIT increased from € 4.8m to € 22.2m.
August 22, 2011
Pankl: Earnings Nearly Tripled in Q2
The Austrian component supplier increased revenues by 14.7% in the first six months of the year. EBIT improved by 55% from € 3.1m to € 4.8m.
August 22, 2011
BKS Bank Continues Expansion Course
The Carinthian/Styrian regional bank recorded an increase in profit of 11.7%. Step-by-step expansion in international markets will be continued.
August 19, 2011
Significant Decline in Used Car Registrations
Registrations of used motor vehicles in July 2011: -7.5%; passenger cars -6.5%, lorries -11.6%.
August 19, 2011
Consumer Confidence Declines in the Second Quarter
In line with the global trend, Austrian consumers have recently become less optimistic. Major concerns are rising cost of living and the general economic situation.
August 19, 2011
Industrial Producer Prices Up 3.9% in June
The Producer Price Index fell marginally against the previous month. Compared to June 2010, prices were still 3.9% higher in June 2011.
August 19, 2011
Austrian Post: Rise in Revenue and Earnings
Declining letter mail volumes were offset by growth in the parcel business. Total revenue increased by 2.9%, EBIT rose 9.1% to € 81.3m.
August 19, 2011
Declining Revenue for Brain Force
The Austrian IT service provider recorded a drop in revenue of 3% in the third quarter of the fiscal year. Operating EBIT turned positive from € -0.41m to € 0.35m.
August 18, 2011
Do & Co: Substantial Increase in Sales and Earnings
The Austrian catering company recorded a successful start in FY 2011/12. Sales were up 14.5%, EBIT improved to € 6.79m.
August 18, 2011
Sustainable Increase in Earnings for VIG
The Austrian insurance company recorded profit before taxes of € 282.2m, up 10.4% in the first half of the year.
August 18, 2011
voestalpine Meets Expectations and Confirms Guidance
The Austrian steel company recorded continuing growth in the first quarter of FY 2011/12. Uneasy financial markets and the national debt crisis remain risk factors.
August 18, 2011
SBO Tripled Profit
The Austrian oilfield equipment company presented strong half-year results. Sales went up 52%, EBIT increased from € 14.2m to € 40.1m.
August 18, 2011
Hypo Alpe Adria with First Profit since 2007
The Austrian bank returned to black figures after four years. A half-year profit of € 90.8m was achieved despite risk provisions of € 134.9m.
August 17, 2011
Forecast on Savings and Loans Trends: Austrians Invest € 5,670 on Average
Savings passbooks remained the most popular form of saving in Austria. The average loan volume dropped from € 70,200 to € 62,000.
August 17, 2011
Mayr-Melnhof with Improved Sales and Earnings
The Austrian packaging company reported an increase in sales of 14.5% for the period from January to June. Profit was improved from € 48.9m to € 64.0m.
August 17, 2011
Binder+Co Moves Up a Gear in the First Half of 2011
The Austrian machine and plant manufacturer achieved significant growth in the first six months of the year. EBIT increased from € 2.24m to € 3.03m.
August 17, 2011
Retiree Representatives Demand 2.7% Pension Increase
According to legal regulations, Austrian pension payments have to be adjusted for the previous year’s inflation. Next year the cost would be approximately € 1bn.
August 17, 2011
Wienerberger Returns to Profit Zone
The Austrian brick producer recorded a net profit of € 38m in the first half of the year. Earnings growth was supported by higher volumes, better capacity utilization and higher prices.
August 17, 2011
conwert: Lower Income despite New Sales Record
The Austrian real estate company recorded a decline in income of 33% year-on-year. Proceeds on the sale of properties are expected to reach a total of € 600m in the full year.
August 17, 2011
Inflation Speeds Up in July
Consumer price inflation rose to 3.5% in July, the highest value since September 2008. Mineral oil products remained the main price driver.
August 17, 2011
Telekom Austria Adjusts Guidance for Devaluation of Belarus Ruble
The Austrian telecommunication group incurred a net loss of € 59.2m in the first half of the year. Revenue expectations for the full year were reduced from € 4.6bn to € 4.5bn.
August 17, 2011
Massive Decline in Profits for C-Quadrat
The Austrian fund company recorded a drop in performance fees in the first six months of the year. Net profit fell from € 8.5m to € 2.0m.
August 16, 2011
Economic Upward Trend Continued in Second Quarter
From April to June, Austrian GDP grew by 1% compared to the first three months of 2011 while the euro zone average was only 0.2%.
August 16, 2011
Further Increase in Construction Cost
Construction cost continued to increase in July 2011: +2.1% against 2010, +0.1% compared to June 2011.
August 16, 2011
Atrium with Significant Increase in Profit
The real estate company achieved a plus of 19.4% in net rental income in the first half of the year. Profit before tax increased by 8.9% to € 113.7m.
August 16, 2011
Intercell: Restructuring Is Progressing
Sales of the company’s only product on the market increased by 85% in the first six months of the year. Net loss was down 44.2%.
August 16, 2011
Economic Growth to Slow Down Significantly
Industry and consumer sentiment is at its lowest level since mid-2010. The GDP growth rate is predicted to fall to 1.8% in 2012.
August 12, 2011
Positive Half-Year Results for A-Tec
The Austrian conglomerate achieved a net profit of € 24.6m in the first six months of the year. Revenue increased by 15.8%.
August 11, 2011
Head’s Net Loss Widens
The Dutch sporting goods manufacturer listed at the Vienna Stock Exchange incurred a loss of almost € 13m in the first half of 2011.
August 11, 2011
Borealis Doubles Profit and Expects Challenging Market Conditions
The Austrian chemical company delivered strong second quarter results despite a softening market environment.
August 11, 2011
BDI - BioEnergy Expands Bio Gas Plant Operations
The Styrian company raised EBT by 37.3% year-on-year despite lower sales. Bio gas plants already account for 24% of total orders on hand.
August 11, 2011
Fourth Applicant for Lottery Concession
The Ministry of Finance received one more application for the lottery license. Meanwhile, the guessing game on names continues.
August 11, 2011
Declining Sales for Schlumberger
Revenue of the Austrian champagne and spirits producer dropped by 3.9% in the first quarter of financial year 2011/12.
August 10, 2011
S&T Deeper in the Red
The IT service provider recorded higher losses in the first six months of 2011. The Austrian workforce has been reduced by one third since October.
August 10, 2011
ATB Returns to Profitability
The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.
August 10, 2011
Strong Sales Growth for Plaut
The consulting group, which is listed at the Frankfurt Stock Exchange, announced a 16% sales increase. EBIT improved to € 420,000 in the first half of 2011.
August 10, 2011
Construction Output Price Index Keeps Increasing
The index reached 103.2 points in the second quarter: +3.6% year-on-year, +0.5% against the first quarter.
August 10, 2011
Palfinger with Considerable Growth in First Half of 2011
Revenue of the Austrian crane manufacturer increased by 39.3%, EBIT more than doubled to € 36m.
August 10, 2011
OMV’s Results Impacted by Political Turmoil
The events in North Africa and the Middle East adversely impacted results of the Austrian oil and gas group: clean CCS EBIT and net income were both down 25%.
August 10, 2011
Slightly Positive Development of New Car Registrations in July
Registrations of new motor vehicles in July 2011: -2.3%; passenger cars: +1.1%, lorries: +5.0%.
August 9, 2011
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