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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
voestalpine Cuts Outlook for the Full Business Year
In the first half of the financial year 2010/11, the Austrian steel company recorded an increase in revenue of 15.1%. EBIT rose by 28.3% to € 531m.
November 17, 2011
Temporary Work Increases
In 2010, 66.100 temporary workers were employed in Austria. Their number should increase up to 82.200 by 2012.
November 16, 2011
Economic Downturn Becomes More Obvious
Due to the strong development in the first half year, Austria´s economic growth will amount to 2.9% in 2011. However, for 2012 the growth rate will decrease significantly.
November 16, 2011
VIG Raises Equity Base in Croatia
The local authority claimed for a capital increase for the Croatian subsidiary of Vienna Insurance Group. Now, € 15m were transferred.
November 16, 2011
VSE Cooperates with Montenegro Stock Exchange
Vienna Stock Exchange and Montenegro Stock Exchange sign agreement on data vending cooperation.
November 16, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-16)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 16, 2011
Austrian Inflation Decreases to 3.4%
Consumer Price Inflation decreased to +3.4% in October 2011. The main draivers are lodging and energy prices.
November 16, 2011
Petrom Accused for Breach of Antritrust Rules
The Romanian subsidiary of the Austrian OMV, Petrom, is confronted with alleged breach of antitrust regulations.
November 16, 2011
Binder+Co Reports Strong Rise in Sales and Orders
Binder & Co, an Austrian supplier of environmental and packaging technology completed Q1–3/2011 with marked increases in both sales revenues and EBIT.
November 16, 2011
SBO Doubled Profits
The Austrian supplier of oilfield equipments raised sales by 36.6%. SBO starts into the fourth quarter with a sound order backlog
November 16, 2011
Conwert With Negative Result in Third Quarter
The Austrian real estate company announces positive results for the first nine months. Profits declined considerably, EBIT improved.
November 16, 2011
Strabag Subsidiary Wins Contracts in India
EFKON, an Austrian supplier of toll systems has been awarded for contracts in India worth € 6.5m.
November 16, 2011
Increasing Earnings and Profits for Atrium
The Israeli, Vienna-listed real estate company published results for the third quarter. Profits before taxes went up by 39%.
November 15, 2011
„Debt Brake“ for Austrian Government
As the Austrian government fears a downgrade of its rating, the coalition partners agreed to install a „debt break“. Reactions are ambiguous.
November 15, 2011
Brain Force Announces Turnaround
The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.
November 15, 2011
Small Increase in Construction Costs
Austrian Construction costs increased by 1.8% in October 2011 compared to the previous year.
November 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 15, 2011
Austrian Economic Growth Slows Down
According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.
November 15, 2011
Jobs to be Cut at Bank Austria
After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.
November 15, 2011
Semperit Exceeds Forecasts
In the first nine months, the Austrian manufacturer of synthetic products was able to raise sales by 20.6% to € 626.2m. Profits increased by 18.7%.
November 15, 2011
Stable Results for Mayr-Melnhof
The Austria cartonboard producer announces rising sales, earnings and profits. However, the outlook is less optimistic. Mayr-Melnhof sees declining margins.
November 15, 2011
Lenzing Meets Expectations
In the first nine months of 2011, the Austrian Lenzing Group could improve financial key figures. Profits were up by 77.5%.
November 15, 2011
Vienna Insurance Group Reports Moderate Rise in Profits
Profit (before taxes) went up by about 10 percent to € 414.1m. Group premiums rose by 4.0 percent to € 6.8bn.
November 15, 2011
Bombardier Considers to Leave Vienna
The Canadian company is threatened to close its factory in Vienna, unless the city government orders new subway trains.
November 14, 2011
Chamber of Labor Claims Reduction in Working Time
According to the Austrian Chamber of Labor, companies earn € 4,000 per employee. The Chamber asks for fair wages and a cut in working time.
November 14, 2011
High Losses for Bank Austria
Due to high write-offs in Ukraine and Kazakhstan, losses amount to € 600m in the third quarter. The first nine months bring profits of only € 4.5m.
November 14, 2011
Poverty: 1.0 Million Austrians Endangered
In Austria, 12% of the population is endangered of poverty. About the half of this group is permanently poor.
November 14, 2011
Increasing Interest for Kaufhof
The Austrian real estate investor René Benko got another competitor. Now three tenderers in the sale process will participate.
November 14, 2011
UniCredit to Withdraw from CEE?
The holding company of Bank Austria, the Italian UniCredit, may close its operations in Eastern Europe. The consequences for Bank Austria are unknown.
November 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-14)
Daily News-Flash from the Vienna Stock Exxchange: Upgrades and Downgrades, Winners and Losers.
November 14, 2011
Stable Electricity Consumption of Austrian Households
2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.
November 14, 2011
Immofinanz Refinances Shopping Mall in Moscow
ZAO Raiffeisenbank provides a major loan for the Austrian real estate group in order to expand operations in Russia.
November 14, 2011
Profit Decline for Telekom Austria
Group revenue decline and lower Group EBITDA comparable mainly driven by competition in Austria and FX devaluation in Belarus. In the third quarter, revenues and EBITDA were stable.
November 14, 2011
€ 400m for Solar Power
Tauernwind, which has built a solar power park in the Austrian Alps, intends to expand substantially.
November 12, 2011
Savings Capacity in Austrian Health Care System
Expenses for the Austrian health care system amount to 11.0% of the GDP. The savings capacity has to be exploited, politicians say.
November 12, 2011
UBM Improves Results
The Austrian real estate development company presented a moderate rise in earnings. Sales remained stable.
November 12, 2011
Sharp Criticism Against Felderer
The head of the Viennese Chamber of Labor, Werner Muhm, attacks the director of IHS, Bernhard Felderer. His economic forecast is “propaganda of fear”.
November 12, 2011
Fabasoft in the Black Zone
The Austrian software manufacturer reports improving sales and earning figures. Cash flow turned into positive.
November 12, 2011
Moderate Rise in Profits for Semperit
The Austrian producer of synthetic materials will report a rise in profits by 12.7%, Austrian analysts expect.
November 12, 2011
Stable Results for Ottakringer
In spite of increasing costs and sales problems in Hungary, the Austrian major brewery and mineral water producer expects to maintain results of 2010.
November 12, 2011
Lenzing: Strong Rise in Profits Expected
For analysts, the Austrian fiber manufacturer Lenzing will report highly satisfying results. Sales, earnings as well as profits should increase.
November 12, 2011
Strong Growth for Exports to USA in 2012
This year, Austrian exports to the U.S. will reach the level of 2008. The export volume will amount to € 6.0bn this year.
November 12, 2011
ECO Business Reports Losses
The Austrian real estate company, which is listed at Vienna Stock Exchange, announces losses for the first nine months of € 6.8m.
November 12, 2011
Porr Records Strong Growth in Orders
The Austrian construction group’s order bookings increased by 36.6% in the first nine months of the year, strongly driven by demand in foreign markets.
November 11, 2011
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