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Kapsch TrafficCom Reports Strong Growth
Revenues of the Austrian toll system supplier increased by 90%, EBIT more than doubled in the first half of the fiscal year 2011/12.
November 23, 2011
OMV Concludes New Syndicated Loans
The Austrian oil and gas company has signed two syndicated multi-currency credit facilities totaling € 1,680m, which replaces existing facilities maturing in 2012.
November 23, 2011
Romanian Tourism as Chance for Austrian Economy
As the Romanian economy performs well, Austrian enterprises see the tourism sector as chance for new orders.
November 22, 2011
Leitl Promotes Exports to BRICS-Countries
The President of the Austrian Chamber of Commerce, Christoph Leitl, wants the exporting industries to focus more on Brazil, Russia, India, China and South Africa.
November 22, 2011
Insufficient Child Care Facilities in Austria
Increase of childcare rates, but supply of childcare facilities still insufficient for 12% of all persons with childcare responsibilities
November 22, 2011
Vienna International Airport: Low Profits Expected
After a profit warning last week, the Viennese airport will only report small profits in the first nine months, analysts say unanimously.
November 22, 2011
Analysts Expect Good Results for Kapsch TrafficCom
The Austrian toll system supplier will increase sales as well as earnings in the third quarter, analysts say.
November 22, 2011
CA Immo: Profits Doubled
The Austrian real estate company had a rental income of € 192.6m (up 56 %) in the first nine months of 2011. EBIT rose by 58%.
November 22, 2011
OMV to Sell Petrol Stations to Slovak Slovnaft
The Austrian oil and gas group OMV has already announced its downsizing strategy in the petrol station business. Slovnaft, a Slovak subsidiary of the Hungarian MOL, shows interest.
November 22, 2011
Fekter Optimistic to Hold AAA-Rating
Austria's Finance Minister expressed confidence on Tuesday that the country would hold on to its AAA sovereign rating.
November 22, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-22)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 22, 2011
Linz Textil Reports Rise in Profits
The Austrian textile manufacturer announced its results for the first three quarters, which showed a substantial increase in sales, earnings and profits. The outlook, however, is cautious.
November 22, 2011
Austria Falls In Recession in 2012
According to analysts of Raiffeisen Research, the Austrian economy could shrink by 0.5% in 2012. Up to now, only a small growth rate has been expected by economists.
November 22, 2011
Dismal Prospects for Austrian Transport Industry
In spite of satisfying results this year, the domestic transport industry expects worsening conditions in 2012.
November 21, 2011
Austrian Minister of Economics Criticizes Hungary
On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.
November 21, 2011
Siemens Austria Finishes Dutch Gas Power Plant
The contract value for the gas and steam power plant amounts to € 570m. 1.4 million households will be served with electricity.
November 21, 2011
Austrian Central Bank Calls for Rise in Equity for Banks
The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
November 21, 2011
Decrease in Profits for Austrian State Printing House
The Austrian state printing house (OeSD) announces that in the first half year sales rose slightly. Earnings and profits declined.
November 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-21)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 21, 2011
Strabag Confirms „Solid Outook“
The EBIT forecast of the Austrian construction group has been raised to € 340m. Net income is expected at € 185m.
November 21, 2011
Uniqa Group Strengthens Market Position in SEE Region
The Austrian insurance company expands its market leadership in Albania and is ranked on number two in Kosovo.
November 21, 2011
bet-at-home.com Continues Growth Course
Gross gaming revenue rose by 10.6% to € 53.23m. Group results declined drastically, however.
November 21, 2011
Strong Results for Pankl Racing Systems
The Austrian supplier of racing and aerospace systems could improve revenues, earnings as well as profits significantly.
November 21, 2011
CA Immo Invests in Munich
The Austrian real estate group purchased a 50% stake in the Skygarden project in Munich. The acquired property value amounts to around € 63m.
November 21, 2011
Austerity Measures or New Taxes?
The Austrian government has to reduce its deficits, after having announced the “debt break”. The social democrats call for property taxes.
November 19, 2011
A-Tec: Investigations Against Kovats
Investigations by the Austrian Public Prosecution Authority against the CEO of A-Tec, Mirko Kovats, proceed. The suspicions are massive.
November 19, 2011
Voestalpine Cuts Production
For the Austrian steel producer, the upward trend is now over. Steel production will be reduced by 10% in the last quarter.
November 19, 2011
Felderer Pleads for Pay Freeze for Civil Servants
The head of the Austrian Institute of Advanced Studies (IHS), Bernhard Felderer, suggests to stop the salary increase for civil servants next year.
November 19, 2011
Unions Put Pressure On Retail Trade
After the third negotiation round has been quitted, the Austrian trade Union starts a series of actions. Strikes are not considered for the time being.
November 19, 2011
Kaufhof: Benko Has Good Odds
The Austrian real estate investor has high chances to acquire the German retail chain Kaufhof. The sale could be closed before Christmas.
November 19, 2011
„Debt Brake“: Government Tries to Persuade Opposition
This week, the Austrian government announced to insert a maximum debt level into the constitution. The approval of one opposition party is still missing.
November 19, 2011
Increasing Capital Requirements for Austrian Banks
The Austrian Raiffeisen Bank International (RBI) needs to raise its equity base by € 2.5bn instead of € 1.9bn, the bank supervision claims.
November 19, 2011
FACC Builds R&D Center in Upper Austria
The Austrian aircraft component manufacturer invests a total of € 54m in the project. Turnover is expected to increase by 20% to € 330m in the current year.
November 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-18)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 18, 2011
Siemens Austria to Manufacture Trams Worth € 100m
The German technology group will build 40 new generation vehicles in Vienna, with parts coming from the plant in Graz.
November 18, 2011
AutoBank Achieves Further Growth
The Austrian specialist bank increased new business volume to € 59.6m. The operating result more than doubled and amounted to € 817,000.
November 18, 2011
BKS Posts Decline in Profits
The two sister banks Oberbank and BTV were more successful in the first nine months of the year. Consolidated net income went up by 8.2%.
November 18, 2011
Conference on European Economic Integration
“European Integration in a Global Economic Setting – CESEE, China and Russia“. Conference jointly organized by the Oesterreichische Nationalbank and Suomen Pankki – Finlands Bank.
November 18, 2011
Industrial Producer Prices Went Up by 3.5% in September
The development was mainly driven by prices of intermediate goods. Energy prices were up by 8.7% on average.
November 18, 2011
Raiffeisen’s Capital Shortfall Grows to € 2.5bn
The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.
November 18, 2011
Rosenbauer Reports Drop in Profit
The Austrian manufacturer of fire fighting vehicles registered record order intake of € 456m in the first nine months of the year. Revenues and EBIT came in lower than expected due to shipment delays.
November 18, 2011
Vienna Airport Issues Profit Warning
Non-recurring effects and impairment charges of € 74m have a negative effect on results for the first nine months of 2011; preliminary net profit for the period falls to € 20m.
November 18, 2011
No Growth in Construction Industry in 2012
Austrian companies fear the effects of the debt brake while they still suffer from the consequences of the recession of 2009.
November 17, 2011
Austrian Firms Expect Slowing Economy
Forecasts for the Austrian economy have been deteriorating since summer 2011. The WKÖ now joins the chorus with a recent survey.
November 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-17)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 17, 2011
Strabag Strengthens Brand Presence in Sweden
The Austrian construction group renames two local subsidiaries. Planned national output for 2011 amounts to approximately € 350m.
November 17, 2011
Do & Co Continues to Grow in Difficult Market Environment
The Austrian catering company increased sales by 9.8% in the first half of its business year. EBIT was up by 24.1% to € 18.88m.
November 17, 2011
Zumtobel Group Refinances Loan Agreement to 2016
The Vorarlberg-based lighting company and seven banks signed an agreement that will replace an existing syndicated facility of € 480m.
November 17, 2011
Andritz Wins Order in the UK
The Austrian technology group and the energy group E.ON signed a contract on the supply of equipment for a biomass energy plant. The project has a volume of € 80m.
November 17, 2011
Austrian Post Increased Revenues and Earnings
Profit for the period came in lower than expected at €78.9m due to a provision amounting to € 20.0m for structural measures relating to the Parcel Division.
November 17, 2011
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