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Vienna Stock Exchange: Winners and Losers (2011-12-16)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
December 16, 2011
Telekom Austria Cuts Dividend
The Austrian telecommunication company will pay a dividend of € 0.38 per share in the years 2011 and 2012.
December 16, 2011
Energie AG Achieves Strong Growth
The Upper Austrian energy provider recorded an increase in sales of 12.2% in the fiscal year 2010/11. EBIT was down by 2.6% to € 125.6m.
December 16, 2011
Plansee Group Sells PMG
The Austrian provider of metallurgically manufactured products sells the business division to a German asset management company.
December 16, 2011
Uniqa Grows Quickly in Bosnia and Herzegovina
The insurance company’s premium volume increased by 14% in the first three quarters of the year.
December 16, 2011
Wolford Reports Drop in Earnings
The Austrian clothing company recorded sales of € 73.6m in the first half of FY 2011/12. EBITDA came in at € 6.6m slightly lower than in the previous year.
December 16, 2011
OeNB: Developments in the Sovereign Debt Crisis Will Be Crucial for Financial Stability
The Austrian National Bank (OeNB) presented the 22nd Financial Stability Report.
December 16, 2011
Rosenbauer Wins Order worth € 245m in Saudi Arabia
The Austrian manufacturer of fire fighting vehicles has won the biggest order in the company’s history. 1,125 vehicles will be supplied.
December 16, 2011
VBAG Supervisory Board Resolves New Divisional Structure
The Austrian bank will sell its subsidiaries that are not part of the core business. The headcount will be reduced by 20% by the end of 2013.
December 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-15)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
December 15, 2011
Austrian Companies Have € 8.5bn Cash on Hand
ATX and Prime Market companies‘ money holdings amounted to € 8.5bn in Q2 2011. Investments totaled € 1.5bn.
December 15, 2011
Rising Number of Private Insolvencies
Mobile phone and car expenses are causing most private insolvencies in Austria.
December 15, 2011
Voestalpine Streamlines Group Structure
The Austrian steel company merges its Automotive and Profilform divisions. Herbert Eibensteiner takes over as head of the new division.
December 15, 2011
Inflation Rate Climbs Back to 3.6%
Consumer price inflation went up again in November 2011. Above-average price increases were registered for traffic and household energy
December 15, 2011
Lower Increase of Construction Cost in November
Construction cost in November 2011: +1.6% against 2010, -0.2% compared to October 2011.
December 15, 2011
Austria to Be By-Passed by South Stream Gas Pipeline
The rival project to Nabucco will not end at OMV’s Central European gas hub.
December 15, 2011
EVN Reports Decline in Profit
The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.
December 15, 2011
Changes to the Management Board of Erste Group
The Supervisory Board of the Austrian bank took several personnel decisions that concern the holding company as well as the subsidiaries in Hungary and Romania.
December 15, 2011
Real Estate Boom in Austria
Property prices rose by 5.0% over the last two years. An end of the boom is currently “not in sight”, says the real estate industry.
December 14, 2011
Building Saving: Financing Becomes more Difficult
In Austria, 45,000 new apartments are needed, causing finance requirements of € 8.8bn. Meeting this demand becomes harder.
December 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-14)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 14, 2011 · Updated: December 14, 2011; 18:29
S&T Aims to Achieve Turnaround in 2012
The Austrian information technology service provider wants to return to the profit zone. In 2012, turnover should reach € 220m at least.
December 14, 2011
Pecik to Enlarge Activities in Telekom
The new core shareholder of Telekom Austria, Ronny Pecik, plans to acquire further shares. He will enter the supervisory board.
December 14, 2011
Siemens Austria Expands in China
Siemens Metals Techologies enlarges its production facilities in China. Investments of $ 80m are expected.
December 14, 2011
ATX: Erste Group is Optimistic
After a 36% decrease in 2011, Erste Group´s analysts state that the Austrian Traded Index has an upside potential up to 2,100 points in 2012.
December 14, 2011
Bene Reduced Losses
The Austrian office furniture manufacturer could increase sales by 10.1%. Although results could improve, Bene is still in the red. Net losses amount to € 4.01m after € 11.36m.
December 14, 2011
VIG and Zurich Fight for Polish Warta
According to the Polish newspaper Rzeczpospolita, the Swiss Zurich and the Austrian Vienna Insurance Group are the favorites for the acquisition of Warta.
December 14, 2011
AUA Sharpens Austerity Measures
The Viennese business location Austrian Airlines, a subsidiary of Lufthansa, has to become cheaper, says Lufthansa´s CEO Franz.
December 14, 2011
Marihart Becomes President of Primary Food Industry
Johann Marihart, CEO of the Austrian sugar and starch group Agrana, takes charge of PFP, the association of the primary food processing industry in 2012.
December 14, 2011
Wolong Holds 98.8% in ATB Austria
The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.
December 13, 2011
Tannpapier Fears For its Existence
The Austrian manufacturer of cigarette papers suffers from the tightening of the EU-tobacco-directive.
December 13, 2011
Bulgaria Starts Sale of Share in EVN Bulgaria
The Bulgarian state withdraws from the Austrian energy company. 33% of the shares in EVN Bulgaria will be privatized.
December 13, 2011
Tax Returns Take 170 Hours
In order to settle their tax duties, Austrian companies have to take much time compared to other EU members.
December 13, 2011
Kaufhof: Investigations Cause Delay in Sale Process
Suspicions of money laundering against the Austrian real estate investor René Benko prevent the take-over for the time being.
December 13, 2011
S&P Cuts Uniqa´s Rating
Standard & Poors today lowered the long-term financial rating of the Austrian insurance group Uniqa from “A-“ to “BBB+”.
December 13, 2011
Airport Zagreb: Strabag Not Awarded
Two offers for were submitted for the enlargement of Zagreb Airport. Strabag´s offer has been rejected.
December 13, 2011
Austria Fifth Richest Country in EU
GDP per capita in the Member States ranged from 44% to 271% of the EU27 average in 2010. Austria´s figure amounts to 126%.
December 13, 2011
Moderate Passenger Increase at Vienna International Airport
Vienna Airport reports a 4.8% increase in passengers during November 2011. Cargo decreased drastically.
December 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-13)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 13, 2011
Airport in Qatar Orders from Rosenbauer
The Austrian manufacturer of fire fighting vehicles delivers goods worth € 20m to New Doha International Airport.
December 13, 2011
Vienna International Considers IPO
The Austrian hotel operator aims to be quoted at Vienna Stock Exchange in the medium run. Further growth is planned.
December 12, 2011
Orange-Sale to Chinese Hutchinson Uncertain
The sale of the Austrian subsidiary of France Télécom is not fixed yet. Negotiations already run for four months.
December 12, 2011
Infineon to Invest in Austria
In spite of the weak economic forecasts, the German semiconductor producer wants to invest further in the Austrian business location.
December 12, 2011
Debt Brake: Government Tries Again
In order to install the „debt brake“ into the constitution, the Austrian government tries again to persuade the opposition parties.
December 12, 2011
€ 230m Capital Increase at Hypo Tirol
The province of Tyrol, the owner of Hypo Tirol, decided to strengthen the bank´s capital base. From where the funds will be provided, is not clear yet.
December 12, 2011
Austrian Railways: Losses Amount to € 28.0m
The Austrian Federal Railways (ÖBB) could reduce its expected losses for 2011. Operating results could be positive.
December 12, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-12)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 12, 2011
OMV and Shell Set to Survey Off Great South Basin
The British-Dutch Shell Group and the Austrian OMV Group start research works near New Zealand.
December 12, 2011
Immofinanz Sells Project in Germany
The Austrian real estate group sells its stake in a project in Düsseldorf in order to grow in Russia and Poland.
December 12, 2011
Atrium Completes Acquisition of Shopping Centre in Poland
The Vienna-listed real estate company Atrium finished the acquisition of a € 55m project in the seventh largest city in Poland.
December 12, 2011
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