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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
Pankl Racing Systems AG: Doubling Profits, Stagnating Sales
The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.
February 22, 2011
Strongly rising Sales and Earnings for Lenzing Group
The Lenzing Group, an Austrian operator in cellulose fibers for the textile and nonwovens industry, achieved record results in the 2010 business year.
February 22, 2011
Saving in Austria Still Popular
Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.
February 22, 2011
Record Sales for Würth Austria
The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations
February 22, 2011
OMV Observes Riots in Libya and Yemen „thoroughly“
The Austrian oil company OMV is not concerned by the current turmoils in Libya and Yemen. However, OMV watches the incidents permanently.
February 21, 2011
Knill Group Builds Factory in Russia for € 50m
The Austrian construction group records an order over € 50m for the establishment of the first optical fiber plant in Russia.
February 20, 2011
Record for Austrian Savings & Loan Associations
Savings & loan associations exceeded the one million mark for the second time in 2010. Cash disbursements amounted to € 3.1bn.
February 19, 2011
Hypo Group: Losses up to € 1.3bn
The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.
February 19, 2011
Baumit Group: Steady Sales
The sales situation of the Austrian construction group shows hardly any changes: sales for € 790m were recorded in 2010.
February 19, 2011
High mobile phone use by Austrian SMEs
In three out of four SMEs every employee has a cell phone, and half the SMEs can imagine communicating exclusively via mobile telephony.
February 19, 2011
voestalpine: EBIT Rise Three-Fold
The Austrian steel company voestalpine records a further progression of earnings in 3rd fiscal quarter 2010/11.
February 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-02-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
February 19, 2011
Erste Group manages € 1.25bn increase of Slovak Bonds
Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.
February 19, 2011
Kapsch: In-sourcing from China to Austria
The Viennese Kapsch CarrierCom brings the production of GSM systems from China back to Austria.
February 19, 2011
Lenzing Sells Plastics Filaments Business
The Austrian fiber manufacturer sells plastics filaments business to consortium headed by the US-American Global Equity Partners
February 19, 2011
Spar: Moderate Growth in Market Share
The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.
February 18, 2011
Lufthansa Increases Pressure on AUA
The German parent company intends to convert the previously loss-making Austrian Airlines into a profitable company at last.
February 18, 2011
Strong Growth for bauMax
The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.
February 18, 2011
EU Requests Nabucco to Enter a Cooperation
The European Union is pushing a merger between Nabucco and the ITGI pipeline project.
February 18, 2011
Semperit: Substantial Rise in Earnings
The Semperit Group could achieve a new revenue and earnings record in 2010. Revenue was up by 17.2%, EBIT rose by 18.4%.
February 18, 2011
Sanochemia: Strong Increase in EBIT
The Austrian pharmaceutical company today announced its figures for Q1. Earnings rise eight-fold.
February 18, 2011
Vienna Stock Exchange: Winners & Losers (2011-02-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
February 18, 2011
Strong Sales Growth Expected for voestalpine
Analysts expect that the largest Austrian steel group will present strong quarterly results.
February 17, 2011
AE&E Quota only 5%
The largest division of the insolvent Austrian technology group A-Tec is likely to offer only very little to its creditors.
February 17, 2011
Porr Enters Alliance in Slovenia
The Austrian construction company establishes a joint venture with SCT, the dominant construction company in Slovenia.
February 17, 2011
OMV: "Turkey as a Bridge for Oil and Gas Wells in the region"
The Austrian oil company, which has already invested € 2.0bn in Turkey, considers the location a starting point for the Middle East.
February 17, 2011
Still Losses at Brain Force
The Austrian IT provider announces massively declining operating results in the first quarter 2010/11. Sales decreased by 19%.
February 17, 2011
Vienna Stock Exchange: Winners & Losers (2011-02-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
February 17, 2011
Increase in Electricity and Gas Consumption
Austrian electricity consumption rises to the level before the economic crisis. Gas consumption is also showing a new record.
February 16, 2011
Bizarre Allegations of Meinl against Atrium
The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.
February 16, 2011
Oil Production Declined in Austria
Domestic oil production fell last year by 3.3% to 965,112 tons. Gas production increased however.
February 16, 2011
Sales Increase at Frauenthal
The Austrian component supplier, which is listed on the Viennese Stock Exchange, could improve its financial data moderately.
February 16, 2011
Strong Sales and Weak Profits in Austria's Retail Business
Almost all sectors recorded sales growth, but not all businesses benefited from the boom: "Sales growth is not equal to profit growth".
February 16, 2011
Construction Costs Further on the Rise
The Austrian construction cost index with new base year 2010 increases by 3.7% in January 2011.
February 16, 2011
Vienna Stock Exchange: Winners & Losers (2011-02-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
February 16, 2011
Erste Bank Hungary CEO to resign
Edit Papp, the CEO of Erste Bank Hungary, has decided to pursue other professional opportunities and therefore announced her resignation.
February 16, 2011
Difficulties in ÖBB Restructuring
The Austrian Federal Railways cannot get out of their debt crises. Restructuring of the freight division requires additional funding
February 15, 2011
Accusations against Hypo Group in Slovenia
The Austrian bank is under investigation because of suspicious real estate and financial transactions.
February 15, 2011
Eder Favors Further Privatizations
The CEO of Austria's largest steel company, voestalpine, would like to see the state pushed away from business still further.
February 15, 2011
Red Bull Intends to Double Sales
The Austrian energy drink producer plans a period of strong growth for the next eight years.
February 15, 2011
Vienna Stock Exchange: Winners & Losers (2011-02-14)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers
February 15, 2011
Epic Acquires 93% of Ukrtelecom
The Austrian investment company Epic has reached an agreement to acquire 93% of the Ukrainian company for € 1.0bn
February 15, 2011
Andritz Expands into Brazil and Uruguay
The Austrian technology group to supply major equipment for Belo Monte hydropower plant. Furthermore, Andritz is in negotiations with Montes del Plata.
February 15, 2011
Technology Offensive in Carinthia
Very powerful R&D developments are to be observed in Carinthia: expenditure for R&D rose from 0.42% in 1993 to 2.43% according to the latest figures.
February 14, 2011
ATB: Contradictions on Rumored Layoffs
A-Tec's subsidiary ATB denies media reports about alleged dismissals at the Styrian location.
February 13, 2011
Magna Pushes its Presence in Emerging Markets
The Austrian-Canadian automotive supplier intends to expand its international presence in the BRIC countries.
February 12, 2011
Haidlmair Group: Major Contract from the U.S.
The medium-sized Austrian toolmaker Haidlmair has obtained a major contract from a U.S. logistics company.
February 12, 2011
Telekom Austria Stands Before a Purchase in Croatia
The Burgenland energy operator Bewag might divest itself in future from its Croatian telecommunications subsidiary.
February 12, 2011
Kovats Stays On as CEO of A-Tec
The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.
February 12, 2011
Stepic: Austria is Destroying its Business Location
The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.
February 12, 2011
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