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Binder+Co Starts 2011 with Strong First Quarter Growth
The Austrian machine and plant manufacturer began the 2011 financial year in a successful manner. Company sales revenues were some 44% higher at € 17.34m, EBIT more than trebled to € 1.10m.
May 18, 2011
Strong Growth Rates for Schoeller-Bleckmann
The Austrian oilfield equipment company recorded strong results in the first quarter. Sales went up by 81.8%, EBIT quadrupled to € 20m.
May 18, 2011
CEO of BWT Increases Control Over His Group
Andreas Weißenbacher increased his share in BWT to now 26.2%. He also controls 37% of German WMF. Both companies improved their results in 2010.
May 17, 2011
Results of OMV’s Ordinary Annual General Meeting 2011
A dividend of € 1.00 per share and a share buy-back have been approved by the AGM. Markus Beyrer was elected as member of the Supervisory Board.
May 17, 2011
Firms Asked to Reduce European Focus in Favour of BRIC States
The Austrian economy has to up its focus on emerging markets, the Economy Minister has warned. 83% of all exports go to customers in Europe.
May 17, 2011
Industrial Association Demands Modernization of School System
The Austrian Industrial Association emphasizes the role of school and the need for reforming the educational system as the economy already suffers from a skills shortage.
May 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 17, 2011
Upheaval in the Austrian Gambling Market
Casinos Austria are going to face competition. The exact conditions for granting the casino concessions have not been decided yet.
May 17, 2011
Austrians Prefer Holidays Abroad
Only 20% want to stay in Austria during their summer holidays. Increasing trend towards online booking.
May 17, 2011
RWA: Strong Results in 2010
The Austrian conglomerate achieved double-digit growth rates of revenues and earnings. The positive trend continues in 2011.
May 17, 2011
Urgent Need for Specialized Workforce
Lack of skilled employees hits Austrian crafts enterprises. Opening of the labor market could help to satisfy the demand.
May 17, 2011
Reactions to Treichl’s Criticism
Treichl’s criticism of Austrian politicians and Basel III rules has sparked a public dispute. WIFO disagrees and calls banks’ attitude “highly provincial”.
May 17, 2011
VIG Is Staying on Course in the 1st Quarter of 2011
Group premiums went up by 2.9% to more than € 2.6bn. Profit increased by 7.0% to € 142.8m.
May 17, 2011
Major Contract for FMW
The Austrian industrial plant manufacturer wins a contract worth € 80m with one of Russia’s leading mining and metallurgical companies. Revenue already doubled to € 65m last year.
May 16, 2011
OMV Announces Launch of Rights Issue
The Austrian oil and gas group issues up to 27,272,727 new shares. Proceeds will be used for the refinancing of the acquisition of a major stake in Petrol Ofisi.
May 16, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-16)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 16, 2011
Expansion Plans at Kitchen Manufacturers EWE and FM
The Austrian furniture companies EWE and FM are planning to expand into Central Europe and aiming to increase their export share.
May 16, 2011
Erste’s Treichl Says Politicians ‘Cowardly’ on Basel III Rules
Andreas Treichl, CEO of Erste Group, provokes fierce reactions with his criticism of Austrian politicians and new international capital rules.
May 16, 2011
Inflation Rate Increases to 3.3%
The highest inflation rate in Austria since 2008 is mainly due to price increases of oil products and groceries.
May 16, 2011
Bank Austria Invests in the Turnaround of its Kazakh Subsidiary
Bank Austria increases ATF’s capital in order to make it profitable. Loss in the year 2010 amounted to € 163m.
May 16, 2011
EPIC Completes the Acquisition of UkrTelekom
The Austrian financial investor purchases 92.79% of the Ukrainian telecommunications company for € 921m.
May 16, 2011
Pankl Announces Earnings and Sales Growth
Pankl Racing Systems AG records a 13.6% increase in revenues. EBIT improved by 40% from € 2.5m to € 3.5m.
May 16, 2011
voestalpine: Eder Threatens to Withdraw from Austria
The voestalpine steel company has to struggle already massively with the EU’s climate change protection objectives, said Eder. They should not be increased further.
May 14, 2011
Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"
Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union
May 14, 2011
Growing Sales at Wiesner-Hager Furniture
Wiesner-Hager, the Austrian office furniture specialists succeeded in completing the business year 2010/11 with growths both in sales and profits.
May 14, 2011
Strong Growth rates for BAWAG P.S.K. Insurance
BAWAG P.S.K. Versicherung AG was able to get into the Top-Ten group of Austrian life insurance companies for the first time, due to its growth in 2010.
May 14, 2011
Austria's Economy Grew Strongly Again in the First Quarter of 2011
According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.
May 14, 2011
Bank Austria Starts the Year with Net Profit of € 341m
Operating profit up by 8 per cent to € 851 m compared with Q1 2010, driven by strong revenue trend in commercial banking business and flat cost development
May 14, 2011
Austria's Manufacturing Industry Warns of a Shortage of Apprentices in the Technological Field
There is a shortage of applicants for the manufacturing industry-related and production-oriented technology areas; the demographic trends will intensify the problem.
May 13, 2011
The Austrian IT service company could raise its operating profits. Revenues declined.
The Austrian IT service company could raise its operating profits. Revenues declined.
May 13, 2011
Declining Sales at UBM
The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.
May 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-13)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 13, 2011
Sanochemia Confirms the Turnaround and Returns to Profitability
Sanochemia reports a profit and puts the focus on market expansion. Revenue increased by 20 percent year-on-year.
May 13, 2011
Strong Profit Growth for Agrana
The Austrian sugar and starch company could record an increase in sales by 8.9%. The starch segment could grow faster than the sugar segment.
May 13, 2011
Moderate Earnings Increase for Austrian Post
Revenue up 1.6% from the previous year on a comparable basis. EBIT goes up by 7.6% to € 48.8m. EBITDA margin amounts to 12.4%
May 13, 2011
Expansion Plans at Erste Group and Raiffeisen
RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.
May 13, 2011
Strong Decline in Eco Business Sales and Earnings
The net result was positive with € 1.1m, but it fell in comparison with the same period of the previous year by 68%.
May 13, 2011
Raiffeisen Insurance Grows
Raiffeisen Versicherung, part of the UNIQA Group achieved increases in almost all divisions, with a total premium volume of € 989m.
May 13, 2011
Signs of Recovery at A-Tec
The insolvent company showed a satisfactory development in all divisions in the first quarter.
May 13, 2011
Sales Increase for Ottakringer Group
The beverage was able to increase its sales by 32% in the first quarter, compared with the same period of the previous year.
May 13, 2011
Habau Takes Over Dutch Construction Company
The Austrian construction company takes over the globally active pipeline specialist Nacap and increases sales by € 600m to € 1.4bn.
May 13, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-12)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 12, 2011
RHI: Expansion of European Raw Material Supply through Acquisition
RHI signed a contract to acquire SMA Mineral Magnesia AS (SMA), Norway.
May 12, 2011
New Inspections at voestalpine Subsidiary
The German Federal Cartel Office today made new inspections at a local subsidiary of the Austrian steel company.
May 12, 2011
Mayr-Melnhof Improves Results Significantly
The Austrian packaging company could rise profits by 27.3%. Sales went up by 12.6%.
May 12, 2011
Good Prospects for BDI
The manufacturer of biodiesel could realize rising profits in Q1/2011. However, sales were declining.
May 12, 2011
Vienna Airport: Plus 23.6% in Passengers During April 2011
Strong growth due to effects of the volcanic ash cloud in past year.
May 12, 2011
Strong Sales Growth for RHI
Revenues of the RHI Group amounted to € 413.8 m in the first quarter of 2011, up 20.9% on the reference quarter of 2010. In the Steel Division revenues grew by 20.1%, in the Industrial Division by 23.3%.
May 12, 2011
A-Tec Restructuring Plan Confirmed
With a quota of 47%, the restructuring plan of the insolvent A-Tec was confirmed.
May 12, 2011
TeleTrader in the Red
TeleTrader increases its sales again by around 5.7%, but net earnings are impacted negatively by investments in data and infrastructure with € -0.155m.
May 12, 2011
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