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Manner: Results Burdened by High Commodity Prices
The Austrian candy manufacturer posted a loss of € 2m in the first six months of the year. Revenue increased by almost 11%.
August 31, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-31)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 31, 2011
Alpine Reports Drop in Earnings
Austria’s second largest construction group incurred a loss of € 3.1m in the first half of the year. Strong growth in construction output was offset by increasing material and personnel expenses.
August 31, 2011
VIG Merges Polish Subsidiaries
The Austrian insurance group expects increased efficiency resulting from the planned merger between InterRisk and PZM.
August 31, 2011
Wifo Cuts Growth Forecast for 2012
The research institute sees the current economic upward trend coming to an end but does not expect a recession in Europe.
August 31, 2011
Jaan Albrecht to Become CEO of Austrian Airlines
After ten years as CEO of Star Alliance the German-Mexican dual national will head the Austrian carrier starting on 1 November.
August 31, 2011
Austria Confirms Top Ranking in EU Unemployment Statistics
The Austrian unemployment rate continued to decline in July. It dropped to 3.7% from 3.9% in June.
August 31, 2011
Fabasoft: Decline in EBIT despite Sales Growth
The Austrian software company recorded mixed results in the first quarter of its fiscal year. Revenue increased by 4.2%, EBIT turned negative and amounted to € -152,000.
August 31, 2011
bwin.party in the Red
The Austro-British gambling group reported a loss before tax of € 35.7m for the first half of the year. Total revenue dropped by 3% to € 398m.
August 31, 2011
Strabag Posts Positive Semi-Annual Earnings for the First Time
The Austrian construction company recorded outstanding results in the first half of the year. Output volume grew by 17%, EBIT improved from € -10.36m to € 16.67m.
August 31, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 30, 2011
Novomatic Continues on Growth Course
The Austrian gaming machine manufacturer achieved a plus in revenue of 17% in the first half of the year. EBIT remained stable at € 108.6m.
August 30, 2011
RZB Reports Significant Increase in Profit
Profit before tax for the period up 60.5% to € 877m, with consolidated profit increasing 21.5% to € 488m. Net allocations to impairment loss provisioning were reduced by 32%.
August 30, 2011
Strong Growth in Industrial and Construction Turnover
Positive production trends in industry and construction in May 2011; total turnover up 18.7%. Automotive industry and engineering are dominant factors.
August 30, 2011
Slight Increase in Construction Output
Austrian output of construction of buildings and civil engineering increased by 1.9% in the period from January to May 2011. Volume of orders grew 7.9%.
August 30, 2011
C.A.T. oil: EBIT Burdened by Higher Depreciation Expenses
The Lower-Austrian provider of oil and gas field services reported mixed results. Revenues increased by 24.4%, EBIT declined by 19.4% to € 10.0m.
August 30, 2011
Negative Result for Warimpex
The Austrian real estate company recorded a loss of € 3.2m in the first half of the year. EBIT fell from € 13.4m to € 7.6m.
August 30, 2011
S Immo: Earnings more than Doubled in the First Half of 2011
The Austrian real estate company recorded EBIT of € 51.3m, up 70.6% year-on-year. Net income doubled to € 10.1m.
August 29, 2011
ADX: Sidi Dhaher Well Spudded
The Austro-Australian oil and gas exploration and appraisal company started drilling operations for the Tunisian exploration well.
August 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-29)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 29, 2011
Decline in Profit for Hypo Lower Austria
The Austrian regional bank achieved net profit of € 16.4m in the first six months of 2011. Net interest income increased to € 75.8m
August 29, 2011
OMV Affected by Sanctions against Syria
The Austrian oil and gas company does not have a local production but buys 7% of its oil supplies from the Arabic country.
August 29, 2011
Strabag Bores New Tunnel in Canada
The Austrian construction group won a € 200m contract for a wastewater tunnel in the Greater Toronto Area. It is a follow-up order after completion of tunneling below Niagara Falls.
August 29, 2011
Kneissl: Decision about Sale to Be Taken in September
Four international investors are interested in taking over the insolvent Austrian ski manufacturer. A purchase price of € 4m is expected.
August 29, 2011
Rapid Increase in Household Energy Prices
Austrian energy prices rose by 10.9% year-on-year. Diesel and gasoline were main drivers with a plus of 19.3% and 14.2%, respectively.
August 29, 2011
HTI Continues Positive Development in Second Quarter
The Austrian technological group recorded a plus in revenues of 7.1% in half-year comparison. The net result improved by € 3m to € 2.2m.
August 29, 2011
Uniqa: Solid Results despite Devaluation of Greek Bonds
Net profit of the Austrian insurance company increased by 6.8% to € 53m. Recurring premiums grew 5.3% in the first six months of the year.
August 29, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-26)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 26, 2011
Palfinger Closes Acquisition of Russian Inman
The Austrian crane producer completed the takeover of its Russian competitor. The deal is regarded as an important step in the company’s growth strategy in the CIS area.
August 26, 2011
New Structure and Management for Raiffeisen Leasing
The Austrian banking group is reorganizing its leasing business. Three new subsidiaries will deal with business in Austria, large customers and in-house projects.
August 26, 2011
Sberbank Reduces Offer for VBI after Drop of Share Prices
Sberbank wants to pay less for the purchase of Volksbank International after European bank shares have dropped more than 20%. Executives are going to meet on 28 August to negotiate the deal.
August 26, 2011
ÖBB: “Cargo Business on the Right Track“
The Austrian Federal Railways’ CEO is satisfied with the development of the group’s cargo unit. RCA achieved a positive operating result in the first half of the year.
August 26, 2011
Magna to Build Battery Factory in Styria
The international component supplier and Frank Stronach will start production of batteries for electric vehicles. They received a major order from Mercedes.
August 26, 2011
Frank Stronach to Apply for Casino Licenses
The Austro-Canadian founder of Magna and the German Gauselmann Group establish a company with the goal of entering the Austrian gambling market.
August 26, 2011
A-Tec: Supervisory Board Postpones Decision to September
A decision on the sale of the insolvent conglomerate will not be taken before 2 September. Penta Investments is irritated by the offer of a competing bidder.
August 26, 2011
Rosenbauer: CEO Wagner Retires
The boss of the Austrian manufacturer of fire fighting vehicles draws the consequences from the company’s involvement in cartel agreements on the German market.
August 26, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-25)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 25, 2011
VBAG: Reduced Consolidated Net Income in First Half of Year
The Austrian bank recorded net income of € 1m. The result was negatively impacted by write-downs of Greek bonds.
August 25, 2011
EVN with Slightly Better Results after Nine Months
The Austrian energy company recorded a marginal drop in revenue. Group net profit amounted to € 207.2m, up 1.2% from the prior-year.
August 25, 2011
Flughafen Wien Group with Higher Profit despite Write-Offs
Net profit increased by 13.7% to € 43.3m in the first half of 2011. The investment in Friedrichshafen Airport was written off in full.
August 25, 2011
Tourism: New Record in Arrivals
First half of tourism summer season 2011: Rise in overnights by 1.7%, arrivals peaked at 9.19 million.
August 25, 2011
Sharp Rise in Earnings for CA Immo
Rental income of the Austrian real estate group increased by 54% in the first half of the year. EBIT amounted to € 112.4m, up 53% from the reference period.
August 25, 2011
RBI – Capital Increase May Be an Option
The Austrian bank posted strong results for the first six months of the year. Consolidated profit increased by almost one third year-on-year.
August 25, 2011
Austrian paysafecard Group Acquires Dutch Competitor Wallie
The Austrian provider of prepaid payment methods expands its international market leadership. The company now operates in 28 countries.
August 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-08-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
August 24, 2011
Eco Business to Continue Redimensioning
The Austrian real estate company registered a strong decline in EBIT and incurred a net loss of € 3.0m in the first six months of the year.
August 24, 2011
IHS: No Zero Deficit until 2021
The research institute calculated that Austria will not be able to achieve a balanced budget in the next ten years. Felderer calls for reforms of the pension and healthcare systems.
August 24, 2011
Significant Decline in Profits for Bawag
Net profit of the Austrian bank dropped 18.5% to € 78.5m in the first six months of the year. The bank levy totaled € 10.2m.
August 24, 2011
Vienna Insurance Group Expands Involvement in Albania
With the acquisition of a 75% stake in Intersig, the Austrian insurance company raises its market share in Albania to 30%.
August 24, 2011
Production Index: Construction Output Down 3%
Production index in June 2011: +5.5% compared to June 2010, -0.8% against May 2011.
August 24, 2011
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