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ATB Posts Loss due to Court Ruling
The former subsidiary of A-Tec lost a lawsuit and has to pay € 13.4m. EBIT amounted to € 6.1m in the period July to September.
November 11, 2011
Borealis’ Third Quarter Delivers Positive Results
The Austrian chemical company doubled its profit in an increasingly challenging market environment.
November 11, 2011
Significant Drop in Earnings for BWT
The Austrian water technology company registered a 41% drop in EBIT during the third quarter, despite an increase in revenue of 5%.
November 11, 2011
Intercell Receives Approval for Vaccine in India
The Austrian pharmaceutical company achieved an important milestone in the roll-out of its Japanese Encephalitis vaccine in endemic countries.
November 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-10)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 10, 2011
S&P Reviews Uniqa’s Rating
The Austrian insurance company was set to CreditWatch negative due to its weakened capital adequacy. A downgrade by one notch is possible.
November 10, 2011
AT&S Places € 100m Corporate Bond
The Austrian technology company will use the proceeds for general strategic objectives and for improving the quality of its funding portfolio.
November 10, 2011
Head’s Loss Widens Further as Costs Increase
The Dutch Vienna-listed sports equipment manufacturer generated a net loss of € 12.4m in the first nine months of the year.
November 10, 2011
OeNB and People’s Bank of China Sign Investment Agreement
The agreement enables the Austrian National Bank to Invest via PBC in Renminbi-denominated assets.
November 10, 2011
AUA Traffic Result: 5.1% More Passengers in October
The passenger number on European flights grew by 8.7%. Intercontinental routes showed a slight plus of 4%.
November 10, 2011
WIFO Sees Growing Signs of Economic Slowdown
The research institute expects a substantial decline in Austria’s GDP growth rate. Companies have already lowered their expectations for the months to come.
November 10, 2011
SW Umwelttechnik Wins Major Contract in Hungary
The Austrian technology group will be managing a syndicate of three companies. The project has a total volume of € 24m.
November 10, 2011
Car Market Grows Slightly in October
New passenger car registrations increased by 0.7%; the mark of 300,000 registrations has already been exceeded in the year 2011.
November 10, 2011
Moderate Rise in Construction Costs in the Third Quarter
The price index reached 103.5 points in the third quarter: +3.0% year-on-year, +0.3% against the second quarter.
November 10, 2011
Vienna Airport: Passenger Numbers Up in October
More than 1.9 million passengers were handled by Austria’s biggest airport in October 2011. Cargo traffic declined by 8.6%.
November 10, 2011
BDI: BioGas Operations Successfully Established on the Market
The Styrian company increased earnings to € 3.2m in the first nine months of 2011 in spite of a moderate decline in sales.
November 10, 2011
Polytec Raises Outlook and Confirms Dividend
The Austrian component supplier registered a 50% decline in financing costs. Group sales are now expected to amount to € 650m in the full year.
November 10, 2011
Palfinger Reports Continued Growth
Revenue of the Austrian crane manufacturer increased by 34% in the first three quarters of 2011, EBIT more than doubled to € 52.4m.
November 10, 2011
Raiffeisen Cuts Staff in Czech Republic
The Austrian banks local unit has reacted to increasing costs and the poor economic outlook.
November 9, 2011
Felderer: “Austria’s Triple-A at Risk”
The head of the IHS warns against a spillover of the Italian crisis and calls for a national debt brake.
November 9, 2011
Massive Layoffs at Volksbanken Group
Hundreds of employees of the Austrian bank will lose their job in the next years, according to media reports.
November 9, 2011
Retail Turnover Down by 1.2%
Sales volume of food retail trade was up by 0.3% in the first nine months of the year while the non-food sector registered a decline by 1.3%.
November 9, 2011
Immofinanz Completes Acquisition of Romanian Adama
The Austrian real estate group has taken full control over the southeastern European housing firm, in which it has held a stake since 2007.
November 9, 2011
CA Immo Sells Hotel Site in Berlin
The Europacity urban district, in which the Austrian real estate group owns a major part, is progressing apace. A first-class hotel will be opening in early 2014.
November 9, 2011
Wienerberger Continues Growth Course in Third Quarter
Despite weakening economic sentiment due to growing uncertainty across the euro zone, the Austrian brick producer recorded a 10% increase each in revenues and operating EBITDA for the third quarter.
November 9, 2011
OMV’s Performance Still Impacted by Libyan Production Shortfalls
The Austrian oil and gas company reported strong results for the first nine months of the year. Group EBIT was up by 11% year-on-year.
November 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-09)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 9, 2011
Bawag Sues Linz For € 418m
The U.S.-owned bank now sues the Upper-Austrian capital. Linz has terminated a swap contract based on Swiss Francs.
November 8, 2011
Lauda Leaves FlyNiki
Niki Lauda, founder of the Austrian Airline FlyNiki, sells his 50.1% stake to the German Air Berlin.
November 8, 2011
Salaries Increase by 3.0%
For 2012, Austrian salaries will rise by 3.0% on average. This is beyond the inflation rate by 0.8%.
November 8, 2011
Stable Results for bwin.party
The British-Austrian gambling company reports solid third quarter performance driven by strong growth in casino, new games in Italy and improved competitive position in dotcom poker
November 8, 2011
Good Outlook for Raiffeisen Investment
The Austrian merger advisor Raiffeisen Investment AG posts deal volume of € 3.5bn for the first three quarters 2011. Further projects are negotiated.
November 8, 2011
Growth Potential in CEE Banking Sector
The Austrian Raiffeisen Bank International has a very favourable growth outlook for six CEE banking markets representing 80 per cent of the region's total banking assets
November 8, 2011
Imports Grow Stronger Than Exports
According to preliminary results by Statistics Austria, total imports amounted to €85.39 bn and total exports amounted to € 80.08bn in the period January to August 2011.
November 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 8, 2011
No Surprises Expected for Telekom Austria
UniCredit forecasts EBITDA of € 398m for the third quarter of Telekom Austria to Activities in Belarus are still seen as potential risk factor.
November 8, 2011
Intercell Still Reports Losses
The Austrian pharmaceutical company could reduce its net losses from € 50.8m to € 20.62m. For the full year the net loss expectations ranges up to € 40m.
November 8, 2011
Andritz Reports Rise in Sales, Earnings and Profits
As expected the Austrian technology Group Andritz achieved a significant increase in all relevant financial key figures in the third quarter of 2011 compared to the previous year’s reference period.
November 8, 2011
Austrian State Print Office to Go Public
Shares of the State Print Office (Österreichische Staatsdruckerei) will be traded by November 11 in the “standard market auction” segment.
November 7, 2011
Concerns About Austria´s Finance
Due to missing infrastructure projects, Austria loses € 28bn year by year. The President of the Audit Court, Josef Moser, regards the situation of Austria´s finance as dramatic.
November 7, 2011
Wienerberger: Analysts See a Strong Rise in Results
The Austrian brick manufacturer will, according to analysts, report a substantial rise in sales and earnings. The figures will be presented the day after tomorrow.
November 7, 2011
Starbucks to Expand in Austria
The U.S. company plans to strengthen ist market presence in Austria. In 2011, a double-digit sales growth is expected.
November 7, 2011
Austria Has Third-Highest Pension Costs in Europe
Austria´s expenditures for retires reached 12.7% of ist GDP. Only France and Italy surpass Austria. Sustainability of the domestic pension system improved slightly.
November 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 7, 2011
VIG Officially Bids for Polish Warta
Potential buyers of the Polish Warta insurance had to publish their offers by the end of October. Vienna Insurance Group participates.
November 7, 2011
Wholesale Prices Still on the Rise
Austrian wholesale price index in October 2011: +6.2% against October 2010.
November 7, 2011
Conwert Reorganizes its Activities
The Austrian real estate company will sell a major stake in the real estate broker Resag. Assets over € 600m should be sold this year.
November 7, 2011
C-Quadrat Announces Lower Net Profits
Net profits of the Austrian investment fund company for the period amounts to € 2.5m after 9.3m in 2010. Management fees were up by 35%.
November 7, 2011
Agrana to Expand into South Africa
The Austrian fruit and starch company consolidates its presence in South Africa and starts production of fruit preparations in Johannesburg.
November 7, 2011
Scepticism in Carinthian Industry
The current situation is satisfying in the Carinthian industry. However, for the future, many industrialists are less optimistic.
November 5, 2011
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