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Automotive Industry
Pankl: Earnings Nearly Tripled in Q2
The Austrian component supplier increased revenues by 14.7% in the first six months of the year. EBIT improved by 55% from € 3.1m to € 4.8m.
August 22, 2011
Significant Decline in Used Car Registrations
Registrations of used motor vehicles in July 2011: -7.5%; passenger cars -6.5%, lorries -11.6%.
August 19, 2011
ATB Returns to Profitability
The subsidiary of the insolvent A-Tec group achieved an increase in revenue of 18% in the first half of the year. EBIT turned positive to € 9.9m.
August 10, 2011
Slightly Positive Development of New Car Registrations in July
Registrations of new motor vehicles in July 2011: -2.3%; passenger cars: +1.1%, lorries: +5.0%.
August 9, 2011
Strong Plus in Sales for Magna
The Canadian component supplier increased sales by 29% to $ 14.5bn. In Austria, the company employs approximately 11,000 people.
August 5, 2011
Polytec Expands Capacities after Strong First Half of 2011
The Austrian component supplier achieved significant growth in earnings and is going to invest in its core competences. The group will acquire PPI Plastic Products Innovation GmbH & Co KG.
August 3, 2011
Changes in the Management Board of Pankl
The Austrian component supplier extended the contract of CEO Wolfgang Plasser for further five years. Josef Faigle will succeed Alfred Hörtenhuber as COO.
August 1, 2011
KTM Achieves Strong Growth
The Austrian motorcycle manufacturer reported a positive development in the first half of 2011. Turnover increased by 24%; EBIT went up 18%.
July 28, 2011
Pankl Acquires US-Based Superior Crankshaft
The Austrian component supplier takes over 100% of the American crankshaft producer which was also founded by Gerold Pankl.
July 27, 2011
Strong Growth for Car Leasing Companies
Booming car sales are boosting the leasing business in Austria. All major leasing banks recorded growth in the first half of 2011. The trend is expected to continue.
July 25, 2011
Moderate Decline in One-Day Car Registrations
One-day registrations of passenger cars in the first half of 2011: -0.7%; 5.1% of new passenger cars were deregistered within one day.
July 22, 2011
Slight Increase in Used Car Registrations from January to June
Registrations of used motor vehicles in the first half of 2011: +2.4%; passenger cars +1.5%, lorries +1.0%.
July 20, 2011
Indian Motherson Sumi to Acquire Peguform from Cross Industries
The Austrian industrial holding company found a buyer for the automotive component supplier which had been separated from the Polytec Group in 2009.
July 13, 2011
New Motor Vehicles: All-Time Record in First Half of 2011
January to June 2011: Increase of new motor vehicle registrations by 9.9 % to 245,396 vehicles; new passenger car registrations up 10.6%.
July 11, 2011
RLB OÖ to Sell Its Stake in Polytec
The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.
June 29, 2011
Significant Rise in Used Car Registrations
Registrations of used motor vehicles in May 2011: +12.3%; passenger cars +9.2%, lorries +13.5%.
June 22, 2011
KTM: Capital Increase Completed Successfully
The Austrian motorcycle manufacturer strengthened its share capital by € 14m by issuance of 400,000 new bearer shares. Main shareholders are CROSS Industries with 50.1% and Bajaj with 39.79%.
June 21, 2011
Miba Continues Its Growth Course
The Austrian component supplier’s level of orders reached a peak of € 260m. Sales increased by 41.5% to € 138.7m in the first quarter.
June 10, 2011
Further Rise in New Car Registrations
Registrations of new motor vehicles in May 2011: +19.7%; passenger cars: +18.4%, lorries: +25.3%
June 10, 2011
Polytec Sells the Interior Segment to the Toyota Group
The Austrian component supplier divests a business segment due to high competitive pressure. The buyer is Toyota Boshoku Europe.
June 9, 2011
Mixed Quarterly Results for KTM
The Austrian motorcycle manufacturer reported significantly higher sales in the first three months of the year. EBIT, however, decreased by 78% year-on-year.
May 25, 2011
Slight Decline in Used Car Registrations
Registrations of used motor vehicles in April 2011: -4.8%; passenger cars -5.7%, lorries -8.8%.
May 20, 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
Highly Satisfying Results for Polytec
The Austrian component supplier could definitively leave the crisis behind. EBITDA rose more than four-fold.
May 11, 2011
Still Rise in New Car Registrations
Registrations of new motor vehicles in April 2011: +2.4%; passenger cars: +5.0%, lorries: -0.1%
May 10, 2011
Miba Engine Running at Full Speed
The Austrian component supplier could significantly increase its results. EBIT could rise more than threefold. Investments are pushed strongly.
May 5, 2011
austriamicrosystems Reports Improving Results
austriamicrosystems reports year-on-year revenue and earnings growth for the first quarter of 2011 driven by robust demand across target markets.
April 29, 2011
Teufelberger Becomes Supplier of Automotive Industry
The specialty cable manufacturer from Upper Austria is undertaking its first steps to establish itself in the automotive supplier industry.
April 27, 2011
Every second Company Concerned by Crisis in Libya and Japan
According to a survey in Upper Austria, 46% of the companies are concerned by the rise in commodity and energy prices or by supply bottlenecks in the electronic industry.
April 23, 2011
Rising Number of One-Day Registrations of Cars
One-day registrations of passenger cars in the first quarter 2011: +5.6%; 5.1% of the new passenger cars were deregistered within 24 hours
April 22, 2011
Frauenthal: Staff Returns
The Styrian supply company was hard hit by the crisis. After an unavoidable workforce reduction, capacities are growing again.
April 19, 2011
Moderate Increase in Used Motor Vehicles
Registrations of used motor vehicles from January to March 2011: +6.2%; passenger cars +5.8%, lorries +3.9%
April 19, 2011
Electric Mobility as a Topic of the Future for Domestic Enterprises
Austria's top politicians are expecting a high potential for Austria's economic landscape on occasion of the opening of the EL-MOTION congress.
April 14, 2011
Registration of new passenger cars increased by 7.8%
New vehicle registrations in Austria in first quarter 2011: +15.4%; passenger cars +15.7%, almost one-third more lorries.
April 11, 2011
Polytec Achieves Turnaround
The Austrian component supplier could improve its results substantially. Net profits are in the black again.
April 7, 2011
Frauenthal: Turnaround in 2010 Completed
Revenue was up by 19% to € 539.4 m (m). Profits rose from € -29.4m to € +17.4m.
April 1, 2011
6.1 Million Cars in Austria
Stock 2010: over 6 million motor vehicles for the first time; Austrians own 4.4 million passenger cars.
March 29, 2011
KTM in the Black Again
After serious losses in 2009, the Austrian motorcycle manufacturer records rising sales and operating profits again.
March 25, 2011
Strong Increase in Car Registrations
Demand for passenger cars increases heavily in Austria. Registrations of used motor vehicles in February 2011: +15.0%; passenger cars +14.0%, lorries +10.6%
March 22, 2011
Verbund Plans an Investment for €600m in the U.S.
A new financial and strategic direction seems to be set by the Austrian Verbund group. Electric mobility is to be promoted.
March 16, 2011
Škoda Increases Efficiency with S&T
The Austrian software company concluded a new IT-system for the Czech car manufacturer.
March 11, 2011
Significant Rise in Car Registrations
February 2011: Considerable increases for new passenger cars in Austria: +21.2%; over one-third more diesel-driven vehicles. Registrations rose by 23.5%.
March 10, 2011
Magna Europe in Euphoria
The Austrian-Canadian automotive supplier intends to increase car production significantly.
March 6, 2011
Volkswagen Acquires Automobile Trading Business of Porsche Holding Salzburg
Next major step towards the creation of the integrated automotive group of Volkswagen and Porsche
March 3, 2011
Strong Increase in Sales for austriamicrosystems
austriamicrosystems reports financial results for fiscal year 2010. With net profits of € 23.1m, he company managed the turnaround.
March 2, 2011
Takeover of the Austrian Porsche Holding
The majority owner VW could soon take over the Austrian part of the Porsche Group. The price is € 3.3bn.
March 1, 2011
Pankl Racing Systems AG: Doubling Profits, Stagnating Sales
The Austrian component supplier´s EBIT doubled both in the 12-month and 15-month periods. In 2011, Pankl intends to raise sales by 10%.
February 22, 2011
Record Sales for Würth Austria
The German supplier group recorded strong revenue growth. However, the operating result fell short of expectations
February 22, 2011
Semperit: Substantial Rise in Earnings
The Semperit Group could achieve a new revenue and earnings record in 2010. Revenue was up by 17.2%, EBIT rose by 18.4%.
February 18, 2011
Sales Increase at Frauenthal
The Austrian component supplier, which is listed on the Viennese Stock Exchange, could improve its financial data moderately.
February 16, 2011
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