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Vienna International Company News
Read the latest headlines about developments in international organizations, companies and institutions operating in Vienna, Austria
AE&E: Survival Less Likely Every Moment That Goes By
While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.
November 22, 2010
Pankl Announces 2009/10 Results
The Styrian Engineering Company records a slight fall in revenues. EBIT grew by 94%.
November 22, 2010
OMV Plans to Expand Further in Turkey
The Austrian oil and gas group is still assessing the best form of financing Petrol Ofisi. Further projects in Turkey are being evaluated.
November 22, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 19, 2010
Rosenbauer Group Announces Q1-Q3 2010 Results
Revenues rose by 9.6%, EBIT is 22.4% above the level of 1-9/2009.
November 19, 2010
Study: Austrian Thermal Market Saturated
The regional management Burgenland has commissioned a study on the regional thermae. The offer is currently exceeding the demand.
November 19, 2010
S&T Seeks to Refinance Bonds
The Vienna-based IT service provider wants to have a sound financing basis. New investors are also being sought.
November 19, 2010
Audit Court: Massive Criticism of Vienna International Airport
The Court expects significantly higher costs for Skylink than the airport itself. There are personal consequences.
November 19, 2010
UniCredit: Expansion to the Czech Republic, Poland and Turkey
UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.
November 19, 2010
OMV Sells 56 Gas Stations to PKN Orlen
56 gas stations in the German states of Thuringia and Saxony go to a subsidiary of the Polish oil group PKN Orlen.
November 19, 2010
Little Progress for Southstream
The Russian energy group Gazprom has difficulties with the Southstream pipeline project. The optimal path has to be found first.
November 18, 2010
Economic Espionage: Damages for 880 Million Euro in Austria
Every year, Austrian companies lose 880 million euro to economic and industrial espionage.
November 18, 2010
Siemens Austria Participates in Construction of Zagreb’s Main Train Station
The consortium Siemens AG Österreich and Elektrokem d.o.o from Zagreb has been awarded the contract for the delivery of a modern electronic switch system
November 18, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 18, 2010
Bwin Announces Q1-Q3 2010 Results
Considerable decline in earnings and profits: EBIT fell by 70%, Result after tax shrank by 67%.
November 18, 2010
AE&E: Negotiations Under High Pressure
The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.
November 18, 2010
Magna: Fight for Pininfarina Car Designer
Magna is interested in buying the renowned car body manufacturer and designer Pininfarina, but Indians and Chinese also have purchase intentions.
November 18, 2010
Suspicion of Insider trading: Ruttenstorfer receives support
After the Vienna Public Prosecution's charges against OMV's CEO Ruttenstorfer, the latter now receives support. It is being said that he has merely been "clumsy".
November 18, 2010
Roche Lays Off 400 Jobs in Styria
The Swiss pharmaceutical group reduces its international workforce by 6%: a setback for the region.
November 18, 2010
Allianz Austria Announces Q1-Q3 2010 Results
With good results for the first nine months, both in the investment and the core business, Allianz could increase the net operating result by 27.3%.
November 18, 2010
Voestalpine Announces Q1-Q3 2010 Results
Voestalpine group increases EBIT by almost tenfold up to € 414m. Revenue goes up by 24.2% due to significant growth in sales
November 18, 2010
Linz Textil Announces Q1-Q3 2010 Results
The textile group was able to attain a sales increase of 20% and also a significant increase in earnings.
November 18, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-17)
Daily News-Flash from tthe Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 17, 2010
Schoeller-Bleckmann Oilfield Equipment AG Announces Results of Q1-Q3
Vienna-Stock-Exchange listed SBO records a clear increase of all key financial figures.
November 17, 2010
Binder&Co; Announces Q1-Q3 Results
Binder was able to increase its order intake by 50% over the previous year. However, company sales revenues and EBIT remained below the 2009 level.
November 17, 2010
Industry Welcomes EU Energy Infrastructure Package
Secretary General of the Federation of Austrian Industrialists, Markus Beyrer: the package is also important to achieve energy and climate objectives.
November 17, 2010
A-Tec: New Hopes with Ronny Pecik?
Pecik, a former associate of Kovats might get again into A-Tec. Several years ago, the investors separated because of differences.
November 17, 2010
Hoteliers: Threat of Staff Shortage
On one hand, hotel owners are confronted with more vacancies, on the other the seasonal contingent is reduced, so they are calling for the opening of the labor market.
November 17, 2010
AE&E: Staff asks for continuity concept
The staff of A-Tec's subsidiary AE&E (Austrian Energy & Environment) call on the negotiators in the restructuring process to ensure continuity.
November 17, 2010
GPA: Private Employees Receive 2.2% Salary Increase.
Bigger salaries in trade, crafts and consulting: the negotiators consider this to be a "reasonable result".
November 17, 2010
Warimpex Announces Results of Q1-Q3 2010
Upward trend continues in the third quarter of 2010: Sales up by 21 percent.
November 17, 2010
Post AG Announces Results for Q1-Q3 2010
The Austrian Post experienced a very stable period. Sales declined slightly, EBIT and cashflows increase moderately.
November 17, 2010
Strabag: Takeover of h s energieanlagen Austria
STRABAG SE increases its stake in h s energieanlagen Austria from 43 percent to 100 percent in order to enlarge fluidised bed technology for energy production.
November 17, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-16)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 16, 2010
Mayr-Melnhof Announces Results for Q3 2010
Mayr-Melnhof records a significant increase of results in Q3. The rise in cartonboard prices compensates the recent cost surge.
November 16, 2010
AE & E: No Agreement on Sale Talks
No agreement could be reached with the interested party from Hong Kong. The search for a buyer is under intense pressure of time.
November 16, 2010
Procurement: Economy Welcomes Extension
Economic Chamber President Christoph Leitl welcomes the planned extension of the threshold values regulation by one year as an important growth impulse
November 16, 2010
Voestalpine Expands into the Gulf Region
The Austrian steel group will manufacture rail components for Saudi Arabia over a joint venture.
November 16, 2010
Oberbank Announces Results for Third Quarter 2010
Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.
November 16, 2010
Merger Between Volksbanken and Investkredit
The merger between the Österreichischen Volksbanken AG (ÖVAG) and Investkredit, the subsidiary acquired in 2005, shall be in effect by July.
November 16, 2010
Hypo Tirol Regroups
The Tyrolean Hypo Bank AG is planning a new market direction, staff restructuring and financial consolidation.
November 16, 2010
Infenion Announces 4Q 2010 Results
Quarterly revenue up by 6 percent sequentially. Segment Results of € 171m, a 24 percent increase from prior quarter.
November 16, 2010
Semperit Announces its Results of Q1-Q3 2010
Group revenue up by 17% to € 519.3m. EBT rose by. 15% to € 62.9m
November 16, 2010
Lenzing Group Announces Results for Q3 2010
Lenzing experiences its best quarter in company history. A new record result is expected for 2010.
November 16, 2010
Vienna Stock Exchange: Winners and Losers (2010-11-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 15, 2010
Austria's Exposure in Ireland: 3.4 Billion Euro
Since September 2009, Austrian banks have halved their exposure in Ireland. The most affected countries are the United Kingdom and Germany.
November 15, 2010
No Bankruptcy Proceedings Against Kneissl
Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.
November 15, 2010
Mechanical Engineering Returns to High of Growth
The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.
November 15, 2010
The ÖBB is a Risk Factor for the State Budget
While the investment projects for the ÖBB are being reduced by Transport Minister Doris Bures, a fiasco is threatening on the revenue side.
November 15, 2010
A-Tec Subsidiary: Negotiations with Banks have Failed
The Kreditorenschutzverband (KSV, Creditors Protection Association) has confirmed that negotiations have failed. The Styrian AE&E is to be sold.
November 15, 2010
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