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Construction Industry
Hungary: Construction Output Increased by 1.4%
In October 2012, construction increased by 1.4% in output year-on-year. Within this, the construction of buildings decreased by 0.3% and that of civil engineering works grew by 2.7%.
December 17, 2012
Strabag SE Appoints Christian Harder as CFO
Managing Director of STRABAG SE subsidiary BRVZ to join management board of STRABAG SE effective 1 January 2013. Appointment of Thomas Birtel as Deputy CEO.
December 17, 2012
Slovak Construction Shows Strong Growth
In October, construction output decreased, year-on-year, by 11 % to EUR 484 million. After seasonal adjustment, it increased by 1 % compared with September 2012.
December 10, 2012
Czech Construction Output Decreases
In October 2012 the construction output decreased by 4.3%, year-on-year (y-o-y), in real terms. Even a higher number of working days has not stopped the decline in construction output.
December 10, 2012
Austrian Industrial Sector Expands
Positive production trends in industry and construction in August 2012; turnover +3.9%. Output of construction of buildings and civil engineering increased by 6.3% from January until August 2012.
November 30, 2012
Strabag: Losses Ahead
Next Friday, the Austrian construction group presents its results for the first nine months of 2012.
November 28, 2012
Czech Republic: Overall confidence in economy decreased
The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012
Porr: Renaissance Group to Enlarge its Interest
The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.
November 23, 2012
Porr: Shareholder Structure to Change
The Austrian construction company plans to increase its free float. CEO Karl-Heinz Strauss has made his compulsory offer.
November 22, 2012
Hungarian Construction Industry Performs Well
In September 2012, construction increased by 6.8% in output year-on-year. The construction of buildings rose by 4.2% and that of civil engineering works grew by 9.4%.
November 20, 2012
Alpine: Funding is Secured
The financially stricken construction company has reached an agreement with its creditors.
November 10, 2012
Strabag: Major Order in Chile
Strabag awarded large-scale contract for Alto Maipo Hydropower Plant in Chile. Contract value of USD 490m. Design and construction time of four and a half years.
November 9, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
Strabag Aims to Take Over Italian Highway Operator
The Italian highway operator Milano Serravalla is going to be privatized. The Austrian construction company plans to acquire the majority.
November 7, 2012
Czech Construction Industry Affected by Recession
In September 2012 the construction output decreased by 10.6%, year-on-year (y-o-y), in real terms.
November 6, 2012
Hungary: Decrease in Home Construction
In the first nine months of 2012, 6509 new dwellings were built, 20 percent fewer than a year ago.
November 5, 2012
Positive Signs in Construction Industry
Output of construction of buildings and civil engineering increased by 6.6% from January until July 2012. Turnover was up by 7.0%.
October 30, 2012
Three Austrian Companies Among Europe´s Top 300
The oil and gas group OMV, the construction group Strabag and the steel group voestalpine are Austria´s biggest industrial companies.
October 29, 2012
FCC Considers Downsizing Alpine
The financially stricken Austrian construction company may sell several business units. A sale of Alpine seems unlikely.
October 20, 2012
Porr´s Construction Output Shrinks
The third-largest Austrian construction group records an increase in orders. Porr´s CEO Karl-Heinz Strauss is satisfied.
October 18, 2012
Alpine: CEO Dotter Resigns
The management of the financially stricken Austrian construction group reshuffles. The holding company FCC decided to change the management.
October 17, 2012 · Updated: October 17, 2012; 19:15
Alpine Confirms „Substantial Losses“
The Austrian construction company is in severe difficulties. The management demonstrates optimism.
October 15, 2012
Hungarian Construction Industry Shrinks
In August 2012, construction decreased by 5.3% in output year-on-year. The construction of buildings decreased by one tenth, while that of civil engineering works grew slightly.
October 15, 2012
Alpine Needs Help from Banks
The Austrian construction company faces liquidity constraints. Talks with banks were started already.
October 11, 2012
Slovakia: Growing Industrial Output, Declining Construction Sector
The Slovak Industrial production index (IPI) increased by 17 % in August 2012 compared to August 2011.The, construction output decreased, year-on-year, by 13,7 %.
October 9, 2012
Good Outlook for Austrian Construction Industry
Positive production trends in industry and construction in June 2012; turnover +7.9%. Output was up by 4.8% in the first six months of 2012. Orders grew substantially.
September 28, 2012
Strabag: Major Order in Slovenia
The Austrian construction company will build Europe’s most modern waste treatment plant in Ljubljana. The contract value amounts to € 112m.
September 27, 2012
Slovenian Construction Industry Reaches New Low
Since 2008, Slovenia´s construction output decreased by 66%. This year, the construction industry will shrink again.
September 13, 2012
Slovakia: Declining Construction Production in July 2012
In July, the Slovakian construction output decreased, year-on-year, by 11,2 % to € 459,9m.
September 11, 2012
Alpine Completes First Singapore Subway Tunnel
The Austrian construction company is building six subway tunnels and three subway stations for the Singapore Downtown Line.
September 10, 2012
Strabag´s Free Float at 14%
Due to share-buy backs, the free float of the Austrian construction company went down to 14%.
September 4, 2012
Strabag: Major Contract in Hamburg, Germany
STRABAG Real Estate and Otto Wulff awarded contract for Hamburg’s € 700m college project.
September 4, 2012
Porr Reduces Losses
Revenues fell by 7.4%, the EBT figure is still negative. The Austrian construction group sees a clear commitment to its home markets.
September 1, 2012
Remarkable Loss at Strabag
In the first six months of 2012, Strabag´s output volume slightly (-2 %) lower than in the six-month comparison period. Non-operating effects push six-month EBITDA down from € 197.18m to € 16.14m. Net income reached € -157m.
August 31, 2012
Austrian Construction Industry: Growing Output, Shrinking Order Volume
Increase in volume of orders by 22.5% in civil engineering and construction of buildings at the end of May 2012.
August 30, 2012
Strabag: CEO Haselsteiner Is Said to Consider Delisting
The Austrian construction group Strabag may withdraw from Vienna Stock Exchange. “We do not need the stock exchange now.” He says in an interview with “Wirtschaftsblatt”.
August 27, 2012
Wienerberger: High Losses Expected
In the first half year of 2011, the Austrian brick producer still recorded a net income of € 37.5m. On average, a loss of € 21.07m is expected.
August 17, 2012
Porr Achieves Order in Qatar
The Austrian construction company was awarded for a subway construction project in Doha.
August 13, 2012
Crisis in European Union Weakens Austria
The economic crisis in the Eurozone is a major burden for the Austrian economy. The real economy begins to weaken.
August 9, 2012
Austrian Construction Industry Slackens
This year, unemployment in the Austrian construction industry is relatively high. The order situation is everything but favorable.
August 7, 2012
Siemens Austria: Major Contract in India
A consortium led by Siemens Austria was awarded with a contract worth € 290m by the Indian National Mineral Development Corporation Limited (NMDC).
August 7, 2012
Alpine Cuts Losses Substantially
New ALPINE 2015 program for margin optimization is showing initial results. Increase in EBIT, EBT and revenue from construction services. The losses in Southeastern Europe should be compensated by the focus on Alpine´s core markets.
August 2, 2012
Strabag to Expand into Italy
The Austrian construction group intends to enter the Italian construction company „Autostrade Pedemontana“.
July 31, 2012
Still Upward Trend in Austrian Construction Industry
Increase in volume of orders by 21.8% in civil engineering and construction of buildings at the end of April 2012. Output increased by 7.4% from January until April 2012.
July 30, 2012
Croatian Bridge Construction Project: Strabag Withdraws
The biggest Austrian construction group withdraws from the € 20m contract.
July 27, 2012
Strabag Announces Profit Warning
For the Austrian construction company, the EBIT of EUR 300m will not be achievable.
July 25, 2012
Growth in Austrian Construction Industry Slowed Again
Production growth to fall from 4.8 per cent in 2011 to a maximum annual average of 3 per cent in 2012, bringing output value to € 30bn. New residential construction with an increase of roughly 6 per cent for the year.
July 24, 2012
Slovenian Banking Industry „One of the most Burdened in CEE Region“
About 11.5% of total loans are non-performing. Slovenia is one of the few countries suffering a crunch, RCB states.
July 18, 2012
Bail-Outs: Is Slovenia Next?
The Slovenian banking industry becomes an increasing problem for Austria´s Southern neighbour. Non-performing loans may total up to € 6.0bn.
July 17, 2012
Botlek Lift Bridge: Major Order for Waagner-Biro
Waagner-Biro Bridge Systems AG has received de order for the drive system of "Botlek lift bridge" with a value of € 30m and has firmly established itself against well-known international competitors.
July 17, 2012
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