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Get the latest business news and analysis on the Austrian economy, including news on economic policies, foreign trade, financial developments and investments
Profit growth for Frauenthal
The supplier firm reported a sales increase of 22%; profit ratios increased significantly.
May 3, 2011
Slight Decline in Retail Trades Sales in Real Terms
Turnover in Austrian retail trade increased by 2.1% (nominal) in the first quarter 2011.
May 3, 2011
AMAG Group Records Strong Sales and Revenue Growth
Sales rise 27% to € 214.6 m (Q1 2010: € 168.6 m) EBITDA rises 15% to € 35.9 m from € 31.1 m.
May 3, 2011
Austrian Unemployment Still Declines
Compared to April 2010, the number of unemployed persons decreases by 5.4%. The number of trainings went down by 19.3%.
May 3, 2011
Austrian Industrial and Construction turnover up by 15.2%
Opposing production trends in industry and construction in January 2011; turnover +15.2%. Metal industry and automotive industry are dominant factors.
May 3, 2011
Small Rise in Profits for Alpine
2010 construction output is € 3.2 bn, (-5 %) - result of ordinary business operations increases by 5 % to € 23,7 m in 2010 .
May 2, 2011
Vorarlberger Kraftwerke: Increase in Net Profits despite Sales Decline
The regional energy company could raise operating profits by more than 13%. Production remained stable.
May 2, 2011
Rise in Sales and Profits for Linz Textil
"Our profits did not just rise, they exploded", CEO Dionys Lehner stated.
May 2, 2011
Strong Earnings Growth for Hypo Steiermark
The operating profit of Hypo Steiermark rose to 21.5 million euro, more than doubling the previous year’s result.
April 30, 2011
Labor Chamber: Productivity Grew Significantly More Than Salary Increases
Personnel costs per employee of Austrian companies, according to the Labor Chamber (AK) have grown less than half as strong as productivity since 2003.
April 30, 2011
Massive Losses for Federal Railroad
The Austrian Federal Railways (ÖBB) had to report a record loss of € 330m in 2010. CEO Kern speaks of "legacy".
April 30, 2011
Carinthia: Further Development of Lakeside Park Secured
The course for further expansion of the flagship project has been set; an area of 4.5 hectares has been secured.
April 30, 2011
Greenpeace, vida and EVN: "Austria's Future in Energy is Renewable"
The switch to clean energy is possible by 2050, according to a current IHS study. It is to be achieved by halving the demand for energy.
April 30, 2011
Weak Year for Porr
The Austrian Porr construction company had to report significant sales and profit declines in 2010. The EBIT fell by 23.3%.
April 30, 2011
Declining Profits for Manner
The Austrian candy manufacturer experienced a steep rise in expenditures for commodities. EBIT declined from € 7.0m to € 4.2m.
April 30, 2011
S&T Announces Group Results - Down in the Red
Consolidated revenues of the S&T Group in 2010 amounted to € 351 m, down from € 385 m in the previous year.
April 30, 2011
FACC Reports Substantial Rise in Earnings
FACC AG returned to its planned rate of growth during the past fiscal year by virtue of strong operational business developments. Revenue rose 8% to € 272 m (previous year: € 251 m).
April 30, 2011
UNIQA Records Strong Growth in Premiums and Profit in 2010
Premiums up 8.4% in the Group to a total of €6,224 m. Life insurance is the growth driver with an increase of 13.1%
April 29, 2011
austriamicrosystems Reports Improving Results
austriamicrosystems reports year-on-year revenue and earnings growth for the first quarter of 2011 driven by robust demand across target markets.
April 29, 2011
Austria's Deficit in 2011 at 3.9 Percent
Despite the economic recovery, the debt will increase significantly again in 2011. The consolidation will take place from 2013 onwards.
April 29, 2011
High Tech Industries Achieves Turnaround
HTI High Tech Industries AG ("HTI"), currently listed in the mid market of the Vienna Stock Exchange, generated significant earnings growth in the first quarter of 2011.
April 29, 2011
Revenue Growth by 30% for Quanmax
In the first quarter 2011, the Austrian IT company Quanmax could improve its results significantly.
April 28, 2011
Verbund: Development of Operating Result Positive
Verbund, Austria's biggest electricity company, presents a considerable better operating result in quarter 1/2011, but a declining Group result due to one-off effects in the previous year that do not apply in the current reporting period.
April 28, 2011
Strabag Reports Stable Results
Revenues of the Austrian construction company decline slightly. Earnings per share show a plus of 8 % to € 1.53 – Management Board proposes a dividend per share of € 0.55.
April 28, 2011
Austria´s Economy Performed Better than EU-average During Crisis
The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.
April 28, 2011
Erste Group Reports Small Profit Increase
Erste Group increases Q1 2011 net profit to € 260.6 m on lower risk costs, despite negative impact from banking taxes.
April 28, 2011
Austrian Educational Level Rises
Educational level of young people aged 15 to 34 compared with their parents: Trend towards higher education.
April 28, 2011
Decline in Profits for Wiener Privatbank
The profits of the Privatbank fell by 34% in 2010. The bank reported an equity ratio of 48% on the 2010 balance sheet date (31 December 2009: 44%).
April 28, 2011
Strabag: Significant Rise in Earnings Expected
According to analysts, the Austrian construction company will record a substantial rise in profits. However, sales will decline.
April 28, 2011
Sales Increase for Plaut
Plaut Aktiengesellschaft, which is listed on the General Standard segment of Frankfurt Stock Exchange announces a significant growth in sales as well as profits.
April 28, 2011
SW Umwelttechnik Reports Satisfying Rise in Sales
Sales of the Austrian technology company were up by 12%. The company completed its first major export projects in Bulgaria and Moldova.
April 28, 2011
Lending Behavior of Banks Remains Stable
The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.
April 28, 2011
Industrial Business Situation: Optimism with Restrictions
Economic recovery continues in Austria, as well as employment growth. Capacity utilization remains stable
April 28, 2011
Erste Group: Slight Increase in Profits Expected
UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.
April 27, 2011
"Austria has Lost its Chance"
The labor market opening of Austria for the more recent EU member states comes too late, according to the manufacturing industry.
April 27, 2011
Austrians are Patriots when Shopping for Food
A majority of Austrian consumers puts emphasis on the domestic origin of food.
April 27, 2011
New High for Austria´s New Indebtedness
Austria´s budget deficit for 2010 is at 4.6%, which is the highest one in the last 15 years. However, the average of EU-countries is even higher.
April 27, 2011
EVN-Subsidiary Records Substantial Rise in Profits
The Rohöl-Aufsuchungs AG (RAG) shows a 23.1% increase in sales. Profits were up by 60%.
April 27, 2011
Shipping on the Danube is Far Below its Potential
Capacities are only being utilized in modest proportions on Austria’s main waterway. Investments in expansion would be necessary.
April 23, 2011
Lower Austria Seeks Airport Privatization
Lower Austrian Governor Erwin Pröll (ÖVP) intends to sell the 20% share of Vienna International Airport. The city of Vienna is not pleased at all.
April 23, 2011
Rising Production in Austrian Industries
Austrian Production index in February 2011: 8.9% over February 2010
April 23, 2011
Austrian Government Reshuffle has been Completed
The resignation of Josef Pröll triggered a reshuffle in the ÖVP. Most of the positions have been filled by now.
April 22, 2011
aws: Willingness to Invest in Austria’s Manufacturing Industry Grows
The investment projects promoted from January to March 2011 were larger and more ambitious than one year ago.
April 22, 2011
Texas Offers Opportunities for Austria's Energy Industry
Texas imports goods for US$ 614m from Austria. There are prospects for growth in wind and solar energy above all other areas.
April 22, 2011
Herbst’s Withdrawal is Imminent
The CEO of Vienna International Airport, Christoph Herbst, should be about to resign. He is considered to be seeking a position at the Constitutional Court.
April 22, 2011
Rising Number of One-Day Registrations of Cars
One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours
April 22, 2011
Banner on Growth Course
The Upper-Austrian manufacturer of car batteries could raise its sales up to € 225m. Investments of € 20m are planned.
April 22, 2011
Erste Group Wins Lawsuit in Sweden
In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.
April 21, 2011
More Unemployed are Looking for Full-Time Jobs Than at the Start of the Crisis
The Austrian Chamber of Labor criticizes that despite the economic boom there are less full-time jobs available than before the economic crisis.
April 21, 2011
WKÖ on Mongolia: "A Country with Development Potential"
The Austrian Economic Chamber sees a huge trade and investment potential for the domestic economy in the sparsely populated country.
April 21, 2011
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