Vienna International Company News

Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria

Bene Intensifies Activities in Asia and Australia

The Austrian office furniture manufacturer expands foreign operations. International sales are now conducted by Søren Trampedach.

March 30, 2011

Vienna Stock Exchange: Management board contracts prolonged for five years

Heinrich Schaller and Michael Buhl will continue their functions as board members of the CEE Stock Exchange Group.

March 30, 2011

voestalpine Increases Research Budget to a Record High

In the new business year 2011/12, which begins on April 1, 2011, the Austrian steel company set asiede more than € 120m for product and technology development.

March 30, 2011

Alpine: Confrontation with Polish Authorities

Due to the termination of a construction project, a violent dispute has broken out between the construction company and Polish authorities.

March 29, 2011

Strong Profit Growth at Huber

The Austrian lingerie manufacturer managed to increase its earnings by 74%. Sales increase at 3.8% was relatively moderate.

March 29, 2011

BP Austria: Sales for € 1.3bn

The British oil company increased its sales last year from € 1.05bn to € 1.3bn. The operating profit quadrupled.

March 29, 2011

Austrian SME as New Target for Bank Austria

In total, € 13.2bn of new loans could be granted at Bank Austria in Austria in 2010 (corresponding to an increase of 19.3 percent as compared to 2009)

March 29, 2011

6.1 Million Cars in Austria

Stock 2010: over 6 million motor vehicles for the first time; Austrians own 4.4 million passenger cars.

March 29, 2011

€ 110m Project for Andritz

The Austrian technology group Andritz will supply Francis turbines and generators for the Mica hydropower plant in Canada.

March 29, 2011

Strabag Awarded for Project in Frankfurt

A subsidiary of the Austrian construction group Strabag, Züblin, is building the "TaunusTurm" in Frankfurt financial district. Construction period ends in 2013.

March 29, 2011

Sale Process of Telekom Srbija to be Cancelled

According to Serbian newspapers, the sale of the Serbian telecommunication company to Telekom Austria has failed.

March 28, 2011

Austria's Gambling Industry Stagnates

Income of Casinos Austria remained constant in the previous year. Online lotteries grew while traditional lotteries lost ground.

March 26, 2011

Difficult Search for a Buyer for OMV Refinery

The Austrian energy group has tried, so far unsuccessfully, to sell a refinery of its Romanian subsidiary Petrom. Now it will be closed down.

March 25, 2011 · Updated: March 26, 2011; 13:13

BTV with Record Figures in 2010

The regional bank for Tyrol and Vorarlberg was able to increase its net income from 20.4% to 61.8%.

March 26, 2011 · Updated: March 26, 2011; 13:03

Increase in sales for OeKB Versicherung

After the crisis of 2009, the export insurer OeKB Versicherung AG recorded a significant increase in sales last year.

March 26, 2011

Serbia to Decide on Telekom Sale by Monday

The Serbian government still evaluates Telekom Austria´s bid on Telekom Srbija. Telekom Austria could still improve its offer.

March 26, 2011

Austrian Industrial Production Still Growing

Statistics Austria: Rise in Production index in January 2011: 8.4% over January 2010

March 26, 2011

“GemeindeMilliarde” Initiative of Bank Austria Extended

In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m

March 26, 2011

Shares of bwin.party to Start Trading in Vienna

The stocks of bwin.party Digital Entertainment PLC (“bwin.party”), which starts listing on the London Stock Exchange as of 1 April 2011, will also be traded on the Third Market of the Vienna Stock Exchange.

March 26, 2011

IPO of AMAG in April

The aluminum company Austria Metall AG is the first company going public in Vienna since 2007. The free float will amount to 55%.

March 25, 2011

Petroleum Industry: Only 2659 Gas Stations by End-2010

Due to fierce competition and low margins, there are increasingly fewer gas stations in Austria

March 25, 2011

Record Sales for VAMED AG

The Austrian health care group was able to increase sales and EBIT by 15%. Orders on hand at over € 800m are record high.

March 25, 2011 · Updated: March 25, 2011; 03:24

Flughafen Wien Group: Net profit rises by 3.2%

Revenue: plus 6.4% to € 533.8 m, net profit: € 73.3m. Traffic: plus 8.7% in passengers to 19.7 m

March 25, 2011

Isovoltaic Considers IPO in the First Half of 2011

The global market leader in the solar backsheet market considers listing on Vienna Stock Exchange as one possible option during the first half of 2011

March 25, 2011

KTM in the Black Again

After serious losses in 2009, the Austrian motorcycle manufacturer records rising sales and operating profits again.

March 25, 2011

AT&S Expands in China

The Austrian electronics company plans to build a € 500m factory in China.

March 24, 2011 · Updated: March 24, 2011; 01:46

ÖVAG Bundles Real Estate Activities

Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.

March 24, 2011 · Updated: March 24, 2011; 01:17

The Austrian Food Industry Still Suffers from Sales Decreases

The domestic food industry is faced with declining sales for the second year in a row: 2010 registered a decrease of 4.5%.

March 24, 2011 · Updated: March 24, 2011; 01:01

Economic Chamber: Austria's Economy in Distress because of ÖBB-Structuring

"Significant price increases and deterioration of rail services will lead to shift of traffic to roads."

March 24, 2011 · Updated: March 24, 2011; 00:49

Collective Contracts: Wage Increase of 2.95% for 130,000 Construction Workers

In the current collective negotiation rounds, the construction union managed to get the so far highest wage increase. The paper-manufacturing industry agreed on an increase of 2.4%.

March 24, 2011 · Updated: March 24, 2011; 00:31

Bawag Announces Being Back in Black

Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.

March 24, 2011

Trend Reversal in Austrian Winter Tourism

Current tourism winter season 2010/11: -2.1% decrease in overnights due to slump in February

March 24, 2011

Gebrüder Weiss Books Persistent Growth

The Austrian transport and logistics company closed the 2010 financial year with a provisional 17.8% increase in turnover compared to the previous year.

March 24, 2011

Bank Austria: Operating Performance Improved, Net Profits Decline

The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.

March 24, 2011

conwert Announces Augmenting Operating Results

conwert Immobilien Invest SE, listed on the Vienna Stock Exchange, reported a strong operating result in the financial year 2010. Dividends will be increased.

March 24, 2011

No Sale of ÖBB-Power Plants

The proposal that the Austrian Federal Railways sell its assets rather than increase its capital meets with vehement rejection.

March 23, 2011

OMV: Low Production in Libya

Production of the Austrian energy group is likely to amount to only a quarter of the normal level.

March 23, 2011

Dispute between Emirates and AUA

Emirates Airlines accuses Austrian Airlines to work with unfair means against the doubling of Vienna-Dubai flights.

March 23, 2011

Serbia: Bid of Telekom Austria is "Insulting"

Only Telekom Austria remained in the takeover offer for the majority stake of Telekom Srbija. The offer causes resistance in Serbia.

March 23, 2011

Higher Profits for UBM Despite Lower Production in 2010

Vienna Stock Exchange listed UBM Realitätenentwicklung AG achieved higher profits in 2010 despite lower production. Dividends are to be increased by 10%.

March 23, 2011

Good Prospects for Austria's Electric Industry

In its industry report, Bank Austria considers there is a sustainable recovery for the electric industry in spite of continued price pressures.

March 23, 2011

Eco Business Back in Black

The Austrian real estate company records a fivefold increase in Group EBIT to € 25.0 m for the first three quarters of 2010.

March 22, 2011

Semperit Raises Dividends

The Austrian Semperit Group confirms the figures announced on February 17, 2011 for the 2010 financial year.

March 22, 2011

OMV Fears Destruction of the Libyan Infrastructure

With the military attack on Libya, the fear that Gaddafi could damage oil production facilities of Western corporations in retaliation increases.

March 22, 2011

Europäische Reiseversicherung AG on Growth Path

Premium income grew by 10.3% to € 56m. With 2.1m insured people, the market leader position has been strengthened.

March 22, 2011

Telekom Austria Submitted Bid for Telekom Srbjia

Telekom Austria Group Submits a Conditional € 800-950m Bid for a 51% Stake in Telekom Srbija.

March 22, 2011

Andritz: Order from Finland

The Austrian technology company Andritz supplies a biomass boiler island for Hämeenkyrön Voima, Finland.

March 22, 2011

ATX Launches Dividend Point Indices

The Vienna Stock Exchanges started calculating and disseminating dividend point indices.

March 22, 2011

Pankl: Operating Profits Rising

Pankl Racing Systems AG confirms preliminary figures for the 15-month period 2009/10. EBIT doubled. sales remained stable.

March 22, 2011

RLB Upper Austria Records Massive Increase in Earnings

Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.

March 21, 2011