Austrian Securities Market and Stock Exchange News and Analysis

Read the latest headlines and breaking news about the Vienna International Stock Exchange and the Austrian securities market (bonds, stocks)

Bank Austria: Primeo-investor Wins in First Instance

An investor asked Bank Austria to sell her Primeo participation two months before the Madoff fraud was busted, but Bank Austria has not paid up yet.

September 27, 2010

Vienna Insurance Group - Pre-tax profit forecast of 10 percent expected for 2010 and 2011

During the meeting of the supervisory board of the Vienna Insurance Group AG, the managing board advised that the target increase in pre-tax profit of at least 10 percent for the current business year is to be attained as planned.

September 24, 2010

Lenzing places EUR 120 million corporate bond with mainly private investors

Lenzing AG, a world market leader in man-made cellulose fibers, placed a seven-year corporate bond with a coupon rate of 3.875 %.

September 24, 2010

C-Quadrat stake held by AvW to be sold by auction

The liquidator of AvW Gruppe AG has decided, that the 32.59% stake in C-Quadrat Investment AG (1.422.365 shares) will be sold by auction on October 13, 2010.

September 24, 2010

Uniqa: Boss Klien Will Leave Mid-2011

The Supervisory Board of Uniqa has decided that CEO Konstantin Klien (59) will retire prematurely in mid 2011.

September 22, 2010

Foreign Direct Investments (FDI) Declined by 80%

Participation in companies and real estate are attractive, but Austrian firms are reluctant to make acquisitions in Eastern Europe.

September 22, 2010

Madoff Fund Report: Enormous Fees Without Any Value Added

After 9.5 years, 50,000 euro would have been eaten up by the "Primeo Select Fund" because of the high fees, is the opinion of an investors’ lawyer about the monies invested by Bank Austria with Bernie Madoff.

September 22, 2010

Profumo Resigns: Bank Austria’s Parent Group UniCredit Under Pressure

The surprise departure of UniCredit CEO Alessandro Profumo is the talk of the town in the financial industry, also in Austria.

September 22, 2010

CEE Banking Sector Report: Still More Credit Losses in the East

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

September 21, 2010

webfreeTV - Revocation of Listing at the Vienna Stock Exchange

webfreeTV.com, the multimedia service provider from Burgenland is being excluded from the Vienna Stock Exchange as of October 31 because of repeated violation of disclosure requirements.

September 21, 2010

Austria's Management and Supervisory Boards’ Salaries on the Test Bench

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

September 20, 2010

ÖIAG: ÖVP vs. SPÖ

Schieder and Rudas demand dissolution of the state holding ÖIAG, Finance Minister Pröll, on the other hand, wants to “strengthen” it.

September 17, 2010

CESEE Bank Conference: Joint Supervisory Academy in Vienna

Finance Minister Josef Pröll wants to create common standards for the CEE region with an Eastern Bank Supervisory Academy in Vienna.

September 17, 2010

Hypo Alpe Adria: Greek Entrepreneur Xeniadis Signals his Interest in Buying

The Greek businessman Vasileios Xeniadis is prepared to offer 1.35 billion euro for Hypo Alpe Adria.

September 16, 2010

FMA and OeNB Welcome the Basel III Agreement

The package draws the right lessons from the financial crisis and provides for reasonable transition periods.

September 14, 2010

After its merger with PartyGaming, bwin has moved its headquarters to Gibraltar

The domestic Internet betting provider bwin recently merged with the British PartyGaming, and becomes the world's largest betting provider. However, the company has moved its headquarters from Vienna to Gibraltar after the takeover.

September 13, 2010

Erste Bank intends to become Austria´s leading bank by 2015

Erste Bank, the banking unit of Erste Group responsible for Austria, announced that it was planning to overtake Raiffeisen and become Austria´s leading bank by 2015.

September 10, 2010

Raiffeisen Centrobank AG - Interim Financial Report released

Raiffeisen Centrobank made the biggest contribution to the result of the group with a profit after tax of EUR 14.401 mn.

August 31, 2010

TeleTrader decreases loss, raises revenues slightly

TeleTrader, a stock-listed IT service provider, posted in H1 2010 a loss on ordinary activities of EUR 62,000 (US$ 48,819), which was slightly better than the loss in H1 2009 (EUR 170,000/US$ 215,900).

August 30, 2010

Schöps has interest in Stiefelkönig

Retail outlets are for sale, initial talks with entrepreneur Jamal Al-Wazzan already took place.

August 30, 2010

Investkredit back in black

Institute earned €9.6m ($12.24) in the first 6 months.

August 30, 2010

Austrian Banks in Central, Eastern and Southeastern Europe

According to a recent comparative study from the Austrian Central Bank (OeNB), the long-term commitment of Austrian banks in Central, Eastern and Southeastern Europe (CESEE) offers good prospects.

August 27, 2010

Telekom Austria: JPMorgan raised price target

Analysts at JPMorgan have revised their price target.

August 26, 2010

Verbund - Fight over capital increase further delayed

The controversy over Verbund capital is likely to prolong. Infrastructure Minister Doris Bures will continue to insist on her initial position.

August 26, 2010

Meinl Bank compensates MEL-investors

The next 600 small investors may get back a third of their losses with MEL-papers. Overall Meinl Bank wants to pay out 3.2m ($4) and then retrieve the money from financial institutions.

August 20, 2010

VIG registers higher semi annual profit

The Vienna Insurance Group (VIG) earned €209.8m ($266) in the first half of 2010, which is over ten percent more than a year ago. While more premiums were taken up, paid benefits decreased.

August 20, 2010

Telekom Austria Group: results for the first half 2010 and the second quarter 2010

Several negative external effects and the impact of weak economies shape the market environment for Telekom Austria Group. These effects include the unabated fixed-to-mobile substitution and the continued price pressure in major markets.

August 18, 2010

Schoeller-Bleckmann Oilfield Equipment AG publishes half-year results

SBO, listed on the ATX market of the Vienna Stock Exchange, was able to take advantage of the increasingly rebounding market environment in the oilfield service industry in the first half of 2010.

August 18, 2010

Airports International - third capital repayment

This third capital repayment follows the initial capital repayment amounting to €2.25 per certificate at the beginning of June 2009, and the second capital repayment amounting to €0.70 per certificate at the end of October 2009.

August 18, 2010

JoWooD Entertainment AG postpones publication of results for Q2 2010

The current state of the consolidation indicates that the group incurred a substantial loss during the first half of 2010 and the management is currently unable to provide reliable information regarding the extent of such losses.

August 18, 2010

Wienerberger approaching “black zero”

In the first half of 2010, the building materials group registered a loss of €39.4m. One year ago it was about €200m. Forecasts however remain cautious.

August 17, 2010

RHI AG to be the sole shareholder of Didier Werke AG.

The legal proceedings against a resolution adopted at the AGM of Didier-Werke were concluded today.

August 17, 2010

Final result for the voluntary takeover bid for CA Immo International AG

In total CA Immobilien Anlagen AG now holds 42,217,340 shares of CA Immo International AG, this is equivalent to 97.14% of the issued share capital of CA Immo International AG.

August 17, 2010

C-QUADRAT Investment AG - Interim Financial Report as of 30 June

C-QUADRAT Investment AG concluded the first half year of 2010 with an operating income of €29.6m, an operating profit of €5.4m and a net profit of €8.5m.

August 16, 2010

Banks-Stress Test - Friday evening moment of truth

At 6pm the Association of European Banking Regulators publish the result of the test of 91 European financial institutions. In Austria, Erste Bank, RZB and Bank Austria will be tested.

July 21, 2010

Vienna Stock Exchange - 2,650 points by the end of the year

Compared to the world's major stock exchanges the ATX is seen as an average performer with -5% in the first half of this year.

July 16, 2010

Public debt an obstacle for companies

Uncertainty of government bonds increases financing risk warns S & P – Euribor registers eleven months high The uncertainty about the financial situation of some European countries could have an impact on sensitive companies. The U.S. rating agency St

July 14, 2010

Vienna Stock Exchange - Strong rebound situation similar to 2009

Despite a poor image in the chart last week the ATX registered a strong rebound.

July 9, 2010

The high debt burden of Austria as target for speculators

In the crisis years 2008, 2009 and 2010, the public debt mountains are exploding. In the EU, the debt within three years has increased from 60 to 80 percent of GDP.

July 9, 2010

Zumtobel AG - Announcement pursuant to § 93 of the Austrian Stock Exchange Act

Zumtobel, internationally leading supplier of integral lighting solutions for a variety of applications, announces that the capital decrease of 2009 led to an increase in the voting rights held by the members of the syndicate agreement to 35.3%.

July 6, 2010

Bank Austria’s Snowball clause illegal

The unilateral termination right of Bank Austria in its "Callable Snowball Floater " is unlawful according to the Supreme Court (OGH).

July 6, 2010

Federal loans increased to 1.32b

The Austrian taxpayers will be pleased: The federal government has been able to borrowing loans for extremely favourable terms. The 3.9-percent government bond (from 2005 to 2020) was increased by € 770m ($972.02) to an average yield increase of 3.008 per

July 6, 2010

Vienna Stock Exchange - Weak week

With -6.2%, the ATX registers a weak week. The only positive factor is that recent annual lows were not crossed.

July 2, 2010

Bwin Interactive Entertainment AG - Change of total voting rights

Bwin Interactive Entertainment AG hereby announces that at the end of the month June 2010 the number of voting rights amounts to a total of 35.956.688 voting rights.

June 30, 2010

Vienna Stock Exchange - The largest price gains and losers in the first Six months

Airport Vienna with largest share, Intercell leads losers list.

June 30, 2010

A-Tec wants private bonds.

Denomination of €1000 - termination, at violation of certain ratios The A-Tec intends to target private investors with their planned five-year bond (subscription period from June 1 to July 5). The nominal value amounts to €1000 ($1223). The expiring A-

June 30, 2010

Erste Bank recommends formation of small cash reserves

The investment experts of “Erste Bank” recommend, from the third quarter, formation of small cash reserves in the amount of 5% in the conservative portfolio and 7.5% in the dynamic portfolio.

June 29, 2010

A-Tec Industries AG to float corporate bond

A-TEC Industries AG is currently in preparations to issue a corporate bond.

June 28, 2010

Vienna Stock Exchange includes two fundamental indices

The Vienna Stock Exchange introduces two Fundamental Indices, CECE and CEETX fundamental, which includes the company CECE and the CEESEG (CEETX) Traded Index.

June 22, 2010

Vienna Stock Exchange - Wienerberger and Voestalpine very robust

The Vienna Stock Exchange ended Monday’s trading day with weak volume and higher prices. The ATX rose 42.66 points, or 1.81 percent, to 2405.77 units.

June 14, 2010