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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Wienerberger: High Losses Expected
In the first half year of 2011, the Austrian brick producer still recorded a net income of € 37.5m. On average, a loss of € 21.07m is expected.
August 17, 2012
OMV Starts Gas Drillings in Ukraine
Together with the U.S. oils group ExxonMobil, the Dutch-British Shell Group, and the Ukrainian Nadra Ukrayny, OMV´s subsidiary Petrom starts natural gas drillings in the Ukrainian Black Sea region.
August 17, 2012
Verbund to Sell Stake in Enerjisa?
The German energy group eon is said to be interested in Verbund´s Turkish interest.
August 17, 2012
Telekom Austria Under Pressure
In Austria, the competitive pressure is growing. America Movil wants Telekom Austria to grow in the CESEE region.
August 17, 2012
Atrium Records 37% Increase In Earnings
The Vienna-listed real estate company could improve rental income as well as earnings and net income.
August 17, 2012
Foreign Currency Loans Decrasing
Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.
August 17, 2012
Dispute Over Hypo Group
Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.
August 16, 2012
Croatian Banks Record Lower Profits
In the first six months of 2012, the net income generated by Croatian banks was down by 19%. The Croatian economy is expected to shrink this year.
August 16, 2012
Austrian Railways to Record Profits
In the first six months of 2012, ÖBB (Austrian Railways) has recorded operating profits.
August 16, 2012
Non-Perfoming Loans on the Rise in Austria
In the last three years, the size of non-performing loans held by Austrian banks has doubled. At the end of 2011, the NPL volume stood at € 18bn.
August 16, 2012
Mayr-Melnhof Reports Worsened Results
The Austrian packaging company today announced its results for the first quarter. Sales were down slightly, the net profit declined by 20%.
August 16, 2012
Telekom: Growing Profit, Falling Revenues
Today, Telekom Austria Group announced its results for the second quarter ending June 30, 2012. Revenues and earnings were down, net income rose by 70.5%.
August 16, 2012
Demerger at Hypo Group Resolved
In order to become re-sold, the Austrian subsidiary of Hypo Group shifts risky assets to the holding company.
August 14, 2012
Decreasing Profit at Mayr-Melnhof Expected
Next Thursday, the Austrian packaging company will present its results for the first half year of 2012. Revenues are anticipated to decrease.
August 14, 2012
Slovenia to Establish a Bad Bank
The Slovenian government wants to support the financially stricken banking sector. Risky assets should be outsourced to separate banks.
August 14, 2012
Telekom Austria: Rise in Earnings Predicted
Next Thursday, Telekom Austria will publish its results for the first six months of 2012. After a loss of € 59.0m, Telekom Austria´s net income should grow to € 76.1m.
August 14, 2012
Vienna Airport: Small Increase in Passengers during July 2012
The number of passengers handled by Vienna Airport rose 1.8% year-on-year to 2,192,715 in July 2012.
August 14, 2012
Semperit: Profit Below Expectations
Increase in revenue to € 409.8m. EBIT of € 37.5m and net profit of € 23.9m generated in the first half of 2012, slightly below previous year´s level.
August 14, 2012
Red Bull: Difficulties in Italy
The Austrian energy drink producer faces examinations by the Italian Competition Authority.
August 13, 2012
Porr Achieves Order in Qatar
The Austrian construction company was awarded for a subway construction project in Doha.
August 13, 2012
Hypo Alpe-Adria-Bank in the Red Again
Today, the nationalized bank announced its half yearly result for 2012. Net Results reached € 10m.
August 13, 2012
Hypo Alpe Adria Divests TLM-TVP in Croatia
The nationalized Austrian bank successfully has sold the aluminum hot-rolling mill TLM-TVP d.o.o. in Croatia to the Vienna-based Euris.
August 13, 2012
Profits Grow Slower in Polish Banking Sector
The Polish banking sector is still very stable. However, a trend reversal is foreseeable.
August 10, 2012
SBO: Favorable Results Anticipated
The Austrian oilfield operator Schoeller Bleckmann is expected to continue its strong performance.
August 10, 2012
Mayr-Melnhof: Stable Results Ahead
Next Thursday, the Austrian packaging company will present its results for the first quarter of 2012. Mayr-Melnhofs EBIT margin is expected to increase.
August 10, 2012
Fitch Downgrades Slovenian Banks
The U.S. rating agency downgrades the lown-term ratings of major Slovenian banks. The outlook is negative for all of them.
August 10, 2012
Austrian Post: Rise in Earnings
Revenue growth (+3.1%) and earnings improvement (EBIT +13.5%) in the first half of 2012 Outlook for 2012 confirmed despite unstable economic environment.
August 10, 2012
Kapsch: Major Order from Brazil
The Austrian IT company achieved the first order for delivery of on-board units from Brazil.
August 10, 2012
BWT Remains on a Solid Growth Path
Today, the Austrian water technology company reports first half-year figures. Revenues were up by 3.4%.
August 10, 2012
T-Mobile: Earnings Down
The Austrian subsidiary of Deutsche Telekom announced its results of the first six months today. Sales were down by 2.6%.
August 9, 2012
2012 Export Winners Series: Andritz AG
Since 1994 the Austrian Federal Economic Chamber and the Austrian Federal Ministry of Economy, Family and Youth have been awarding "Export prizes" to Austrian companies for their exceptional success on international markets.
August 9, 2012
Hungary: Erste Group Expands
The Austria major bank purchases the private banking segment of BNP Paribas in Hungary.
August 9, 2012
RHI Does Not Exclude Shutdowns
The Austrian manufacturer of refractory products faces capacity problems in the steel sector. Investments may be cut.
August 9, 2012
Borealis delivers solid profits in a difficult market environment
Borealis recorded a net profit of € 112m in the second quarter of 2012 compared to € 168m during the same period in the record year 2011.
August 9, 2012
conwert takes over residential portfolio in Berlin
Residential property portfolio acquired at high two-digit million amount . Economies of scale possible through significant expansion of conwert’s portfolio in Berlin
August 9, 2012
East European Banking Industry Shows Ambiguity
For West European banks, their subsidiaries in Eastern Europe are either highly problematic or the cash cows.
August 8, 2012
OMV to Focus on Gas Business
The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.
August 8, 2012
Fitch Downgrades Slovenia
The Southern neighbor country of Austria was downgraded to “A-“. The outlook is negative now.
August 8, 2012
S&P Confirms Bank Austria´s Rating
Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.
August 8, 2012
Polytec: Drastic Decrease in Sales and Earnings
Today, the Austrian component supplier has published its results for the first six months of 2012. Due to the sale of the interior segment last year, EBIT and sales were down remarkably.
August 8, 2012
Major Loan for Telekom Austria
Telekom Austria Group has closed a long-term € 735m syndicated credit facility. The loan will serve as liquidity reserve.
August 8, 2012
„30 Million Passengers in 2020“
In an interview with „Kurier“, VIA´s board member Julian Jäger explains why the third landing strip is essential for Vienna Airport.
August 8, 2012
Immofinanz to Double Sales
In three years, the Austrian property company aims to increase sales and re-investments to € 1.0bn from € 500m.
August 8, 2012
OMV: Higher Profit than Expected
In the second quarter, clean CCS EBIT was at € 865 mn, up 82% vs. Q2/11. Sales grew by 25%. Gearing ratio down to 31% vs. 34% in Q2/11.
August 8, 2012
Lenzing to Expand Further
Lenzing´s CEO explains that the frame conditions for Lenzing are highly satisfying at the moment. However, 2012 will not be another record year.
August 7, 2012
FMA Pushes for Bank Insolvency Law
The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.
August 7, 2012
Austrian Construction Industry Slackens
This year, unemployment in the Austrian construction industry is relatively high. The order situation is everything but favorable.
August 7, 2012
Siemens Austria: Major Contract in India
A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).
August 7, 2012
Verbund: Erste Group Pessimistic
The Austrian energy company is expected to record lower earnings in the coming years.
August 7, 2012
MTC Invests € 25m in Romania
The Montana Tech Components AG industrial group will invest € 25m to expand the production facilities of their Romanian subsidiary, UACE (Universal Alloy Corporation Europe SRL).
August 7, 2012
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