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Prices for Industrial Goods Continue Upward Trend
Industrial producer prices are still increasing in Austria: +5.4% in March 2011 compared to March 2010.
May 20, 2011
Conwert Announces Strong Growth in Revenues in the First Quarter of 2011
The Vienna-based real estate company records a good business development and a 24% increase in EBIT.
May 20, 2011
Crisis Not the Cause of Most Bankruptcies
The majority of last year’s insolvencies had company-internal reasons and was not directly related to the economic crisis.
May 19, 2011
ÖVAG: Strong Provisional Results for Q1 2011
Österreichische Volksbanken-AG Group (VBAG) expects a quarterly result of € 32m. The AGM concludes the combination of VBAG and Investkredit.
May 19, 2011
Austrian Cement Industry: Further Decline in Production
Total cement production is 20% lower than in 2008. A reversal of the trend is expected for 2012.
May 19, 2011
Borealis Records Strong Results in the First Quarter
The Austrian chemical company achieved a net profit of € 174m, an increase of € 120m. Both the Polyolefins and Base Chemicals businesses improved versus last year's results.
May 19, 2011
Sales Decline for Bene in the Financial Year 2010/11
The Austrian office furniture company reported a sales drop of 4.7% for the last year. EBIT improved from € -14.0m to € -8.2m.
May 19, 2011
„Austria Is Losing Its Competitiveness“
The Industrial Association’s president sees a “dramatic deterioration” of Austria’s competitiveness as a business location and criticizes a lack of respect for industrialists.
May 18, 2011
Atrium: 50% Decline in Pre-Tax Profit
Despite a growing rental income, the real estate company’s profit before taxation decreased from € 46.3m to € 26.4m.
May 18, 2011
Binder+Co Starts 2011 with Strong First Quarter Growth
The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.
May 18, 2011
Strong Growth Rates for Schoeller-Bleckmann
The Austrian oilfield equipment company recorded strong results in the first quarter. Sales went up by 81.8%, EBIT quadrupled to € 20m.
May 18, 2011
Firms Asked to Reduce European Focus in Favour of BRIC States
The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.
May 17, 2011
Industrial Association Demands Modernization of School System
The Austrian Industrial Association emphasizes the role of school and the need for reforming the educational system as the economy already suffers from a skills shortage.
May 17, 2011
Upheaval in the Austrian Gambling Market
Casinos Austria are going to face competition. The exact conditions for granting the casino concessions have not been decided yet.
May 17, 2011
Austrians Prefer Holidays Abroad
Only 20% want to stay in Austria during their summer holidays. Increasing trend towards online booking.
May 17, 2011
RWA: Strong Results in 2010
The Austrian conglomerate achieved double-digit growth rates of revenues and earnings. The positive trend continues in 2011.
May 17, 2011
Urgent Need for Specialized Workforce
Lack of skilled employees hits Austrian crafts enterprises. Opening of the labor market could help to satisfy the demand.
May 17, 2011
Reactions to Treichl’s Criticism
Treichl’s criticism of Austrian politicians and Basel III rules has sparked a public dispute. WIFO disagrees and calls banks’ attitude “highly provincial”.
May 17, 2011
VIG Is Staying on Course in the 1st Quarter of 2011
Group premiums went up by 2.9% to more than € 2.6bn. Profit increased by 7.0% to € 142.8m.
May 17, 2011
Erste’s Treichl Says Politicians ‘Cowardly’ on Basel III Rules
Andreas Treichl, CEO of Erste Group, provokes fierce reactions with his criticism of Austrian politicians and new international capital rules.
May 16, 2011
Inflation Rate Increases to 3.3%
The highest inflation rate in Austria since 2008 is mainly due to price increases of oil products and groceries.
May 16, 2011
Pankl Announces Earnings and Sales Growth
Pankl Racing Systems AG records a 13.6% increase in revenues. EBIT improved by 40% from € 2.5m to € 3.5m.
May 16, 2011
voestalpine: Eder Threatens to Withdraw from Austria
The voestalpine steel company has to struggle already massively with the EU’s climate change protection objectives, said Eder. They should not be increased further.
May 14, 2011
Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"
Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union
May 14, 2011
Growing Sales at Wiesner-Hager Furniture
Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.
May 14, 2011
Strong Growth rates for BAWAG P.S.K. Insurance
BAWAG P.S.K. Versicherung AG was able to get into the Top-Ten group of Austrian life insurance companies for the first time, due to its growth in 2010.
May 14, 2011
Austria's Economy Grew Strongly Again in the First Quarter of 2011
According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.
May 14, 2011
Bank Austria Starts the Year with Net Profit of € 341m
Operating profit up by 8 per cent to € 851 m compared with Q1 2010, driven by strong revenue trend in commercial banking business and flat cost development
May 14, 2011
Austria's Manufacturing Industry Warns of a Shortage of Apprentices in the Technological Field
There is a shortage of applicants for the manufacturing industry-related and production-oriented technology areas; the demographic trends will intensify the problem.
May 13, 2011
Declining Sales at UBM
The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.
May 13, 2011
Sanochemia Confirms the Turnaround and Returns to Profitability
Sanochemia reports a profit and puts the focus on market expansion. Revenue increased by 20 percent year-on-year.
May 13, 2011
Strong Profit Growth for Agrana
The Austrian sugar and starch company could record an increase in sales by 8.9%. The starch segment could grow faster than the sugar segment.
May 13, 2011
Moderate Earnings Increase for Austrian Post
Revenue up 1.6% from the previous year on a comparable basis. EBIT goes up by 7.6% to € 48.8m. EBITDA margin amounts to 12.4%
May 13, 2011
Strong Decline in Eco Business Sales and Earnings
The net result was positive with € 1.1m, but it fell in comparison with the same period of the previous year by 68%.
May 13, 2011
Signs of Recovery at A-Tec
The insolvent company showed a satisfactory development in all divisions in the first quarter.
May 13, 2011
Sales Increase for Ottakringer Group
The beverage was able to increase its sales by 32% in the first quarter, compared with the same period of the previous year.
May 13, 2011
Mayr-Melnhof Improves Results Significantly
The Austrian packaging company could rise profits by 27.3%. Sales went up by 12.6%.
May 12, 2011
Good Prospects for BDI
The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.
May 12, 2011
Strong Sales Growth for RHI
Revenues of the RHI Group amounted to € 413.8 m in the first quarter of 2011, up 20.9% on the reference quarter of 2010. In the Steel Division revenues grew by 20.1%, in the Industrial Division by 23.3%.
May 12, 2011
TeleTrader in the Red
TeleTrader increases its sales again by around 5.7%, but net earnings are impacted negatively by investments in data and infrastructure with € -0.155m.
May 12, 2011
Falkensteiner Michaeler Tourism Group on Growth Course
With the four-part investment strategy in Central and Southeastern Europe, the Falkensteiner Michaeler Tourism Group AG (FMTG) is on the path to success.
May 12, 2011
Nearly all Federal Provinces have Overcome the Economic Slump
Strong demand from abroad will keep industry humming along. According to Bank Austria, Upper Austria and Vorarlberg have the brightest prospects for growth.
May 11, 2011
Strong Results for Lenzing AG
The Austrian fiber manufacturer could record the best quarterly results in the company´s history. EBIT rose by 83.6% compared to Q1/2010.
May 11, 2011
Highly Satisfying Results for Polytec
The Austrian component supplier could definitively leave the crisis behind. EBITDA rose more than four-fold.
May 11, 2011
Surprisingly High Losses for Telekom Austria
After profits of € 91.2m in the first quarter of 2010, Telekom Austria suffered losses of € 79.2m in Q1/2011. This is mainly due to a social restructuring plan.
May 11, 2011
OMV: Mixed Results in First Quarter 2011
“Strong oil price compensates impact of political instability”, the company states. Net Income declines, cashflows grow by 9%.
May 11, 2011
Intercell: Sale Is No Longer Ruled Out
The new CEO of the Austrian pharmaceutical company, Thomas Lingelbach intends to implement a new strategy for the company. A sale is possible.
May 11, 2011
Bosch Group Continues Growing in Austria
Bosch has had a good start in Austria in its anniversary year 2011 and continues having favorable growth prospects. Sales rose by 9%.
May 11, 2011
Palfinger: Rise in Revenues by 48% in Q1/2011
Huge plus in revenue and earnings recorded in the first quarter of 2011. The Austrian crane manufacturer expects further growth for 2011.
May 10, 2011
Semperit Announces Earnings and Sales Growth
Revenue increase of +27% to € 194 m - rising costs of materials increased pressure on margins - Earnings after tax up +20% to € 11 m
May 10, 2011
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