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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
Moderate Increase in Andritz Earnings
The Austrian technology Group ANDRITZ showed satisfactory business development in the second quarter of 2012. Sales rose by 15.1%, EBITA wa up by 10.1%.
August 7, 2012
Sharp Profit Decrease at voestalpine
At € 3.051bn in the first quarter of 2012/13, revenue remains constant in a year-to-year comparison. EBITDA declines by 19% from € 463m to € 375m. Net profit down by 30.9%.
August 7, 2012
RHI Announces Surprisingly High Profit
In the second quarter of 2012, the Austrian manufacturer of refractory products could achieve strong EBIT(+24%) and EBITDA (+13%) growth rates.
August 7, 2012
No Merger Between VBAG and Bawag
Bawag´s CEO Byron Haynes reaffirmed that U.S. owned bank is not interested in a merger with the partly nationalized VBAG.
August 6, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Austrian Railways „Fit for the Capital Market in a Few Years“
Horst Pöchhacker, chairman of the supervisory board of Austrian Railways (ÖBB) thinks that the transport group will face more competition. A privatization would take time.
August 6, 2012
Again Downgrades in Slovenian Banking Sector
Last week, Moody´s downgraded big Slovenian banks. Now, S&P puts the domestic banking industry under even more pressure.
August 6, 2012
Polytec: Lower Revenues Anticipated
The Austrian automotive component supplier will present its half-year results next Wednesday. Erste Group and RCB (Raiffeisen Centrobank) expect lower earnings.
August 6, 2012
Immofinanz: Net Income Down, Earnings Up
The Austrian real estate group confirmed the positive operating trend set in recent quarters with the close of the 2011/12 financial year, which brought a slight 1.2% year-on-year increase in rental income.
August 6, 2012
Drastic Concentration in Austrian Retail Industry
Retail trade chains are dominating the Austrian retail trade market. Small suppliers are being forced out of the market.
August 4, 2012
Telekom Austria Reconsiders Takover of „Yesss!“
The takeover of Hutchison/Orange and Telekom Austria/Yesss! becomes difficult. After the new EU requirements, Telekom Austria wants to examine the acquisition again.
August 4, 2012
Austrian Property Market Runs out of Steam
In Austria, the property market shows first tendencies of consolidation. The number of acquisitions was down in the first six months.
August 4, 2012
Bank Austria as UniCredit´s Cash Cow
Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.
August 4, 2012
Voestalpine: Drop in Profits Expected
Next Tuesday, the Austrian steel group will publish the results fort he first quarter of 2012.
August 4, 2012
Kommunalkredit: Small Profit, Big Risks
In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.
August 4, 2012
RHI: Moderate Rise Earnings Expected
Next Tuesday, the Austrian manufacturer of refractory products will announce its half-year results.
August 3, 2012
Immofinanz: Rise in Earnings Ahead
Next Monday, the Austrian real estate company will publish results for the financial year 2011/12. Net income should remain stable
August 3, 2012
Moody´s Downgrades Slovenia
Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.
August 3, 2012
Rising Profit at Bank Austria
Bank Austria posts net profit of € 646m for the first six months. Net operating profit was up by 11.1 per cent. Lending volume rises by 3.3 per cent to € 136bn.
August 3, 2012
Investor Confidence in Austrian Issues Remains Very High
Austria’s government and corporate sectors are still able to borrow at historically low rates, the loss of the triple A sovereign rating notwithstanding.
August 3, 2012
AMAG: Decline in Earnings
Today, the Austrian aluminum company presented the results of the second quarter and refers to the difficult market environment. Sales remained stable.
August 3, 2012
Dispute Over Bank Taxes
In Austria, only 82 of 787 banks have to pay bank taxes. Above all, the Raiffeisen sector and the Volksbanken sector are excluded.
August 2, 2012
„Dayli“: Up to 20% Yield
With the acquisition of Schlecker Austria, the Austrian investment funds TAP 09 wants to achieve the turnaround soon.
August 2, 2012
Hutchison „3“ Records Substantial Customer Growth
The smallest telecommunication operator in Austria is growing significantly. Revenues were up by 9% in the first six months of 2012.
August 2, 2012
Alpine Cuts Losses Substantially
New ALPINE 2015 program for margin optimization is showing initial results. Increase in EBIT, EBT and revenue from construction services. The losses in Southeastern Europe should be compensated by the focus on Alpine´s core markets.
August 2, 2012
Telekom Austria: Authorities Approve Slim´s Entry
As expected, the public telecommunication authority TKK (Telecommunication Control Commission) approved the entry of the Mexican investor at Telekom Austria.
August 1, 2012
Erste Group: Concerns Despite Profits
Yesterday, the Austrian banking group published its results for the first half year. The business in Romania, Hungary and Ukraine causes worries.
August 1, 2012
TAP 09 Wants to Expand with Former Schlecker Branches
The Austrian investment funds, which took over Schlecker Austria this week, wants to enlarge the number of branches substantially.
August 1, 2012
Oberbank: Lending Business Grows
The Linz-based Oberbank has achieved strong results in the first half year of 2012. Profits remained stable.
August 1, 2012
RHI: Slight Increase in EBIT Ahead
According to Berenberg Bank, the Austrian manufacturer of refractory products has achieved a 4% increase in sales in the second quarter of 2012
August 1, 2012
Immofinanz: Rise in Operating Profit Expected
Analysts expect the Austrian property company to achieve a 58% increase in EBIT. EBT will be lower, Baader Bank says.
August 1, 2012
Proceedings Against Bulgarian Subsidiary of OMV Stopped
The Bulgarian Competition Authority KZK stopped investigations against OMV Bulgaria, Rompetrol, Lukoil and Naftex Petrol. The companies were suspected of price fixing.
August 1, 2012
VIG Streamlines its Market Presence in Poland
Vienna Insurance Group announced that the merger of InterRisk and PZM is completed.
August 1, 2012
Kapsch TrafficCom Strengthens Presence in Mexico
The Austrian IT company acquired 33% of Mexican SIMEX.
August 1, 2012
SBO: „We are growing organically“
In an interview with the Austrian business magazine „Wirtschaftsblatt“, SBO´s CEO Gerald Grohmann underlines the company´s intention to keep the gearing low and generate further growth.
July 31, 2012
AUA: Auditors Found Inconsistencies
In 2007, Austrian Airlines should not have recorded a profit, but a substantial loss of € 235m, auditors says.
July 31, 2012
Slovenian Abanka Vipa Needs Fresh Capital
The third-biggest Slovenian bank needs a capital injection of € 50m. In total, Abanka Vipa has a risky assets of € 600m.
July 31, 2012
Bankruptcy Prevented: Schlecker Austria Becomes „daily“
The Austrian investment funds TAP 09 acquires the financially stricken chemist chain. Schlecker Austria should become a local grocer.
July 31, 2012
Erste Group Burdened by Losses in Eastern Europe
Despite losses in Romania, Hungary and Ukraine, Erste Group posts a net profit of € 453.6m in first half of 2012.
July 31, 2012
AUA Invests € 80m in Long Distance Flights
Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.
July 30, 2012
Banking Industry: Slower Growth Expected
Due to the weak results in Eastern Europe, the Austrian banking industry faces only decent net income figures in the second quarter of 2012.
July 30, 2012
Despite Approved Orange Takeover: Deal is Uncertain
Canning Fok, CEO of the Hong Kong-based telecommunication operator is surprised of the announcement oft he authorities to examine the deal between Orange, Hutchison and Telekom Austria thoroughly.
July 30, 2012
Kapsch TrafficCom: Major Contract in U.S.
The Austrian IT company achieves a contract award in Texas for supply of first total system in North America. The contract value for implementation reaches $ 79 million (about € 64m).
July 30, 2012
Telekom Austria: Expansion Program to be Accelerated
After the entry of Carlos Slim, Telekom Austria hopes to get more funds for further expansion steps.
July 30, 2012
Zumtobel: Dividend of € 0.20
The actions of Management Board and Supervisory Board of the Austrian lighting cokmpany in 2011/12 were ratified. A dividend of EUR 0.20 per share was approved by the Shareholders' Meeting.
July 30, 2012
Still Upward Trend in Austrian Construction Industry
Increase in volume of orders by 21.8% in civil engineering and construction of buildings at the end of April 2012. Output increased by 7.4% from January until April 2012.
July 30, 2012
Kommunalkredit Sale: „There are potential buyers“
Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.
July 27, 2012
Slim´s Entry at Telekom Austria Approved
The Austrian Federal Competition Authority (BWB) has no objections against the acquisition by Carlos Slim.
July 27, 2012
Austria is Liable for Hypo Group´s Major Loan
At the sale of Hypo Group by BayernLB in late 2009, BayernLB granted a loan of € 2.64bn. The Austrian state has issued a guarantee for this loan.
July 27, 2012
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