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Earnings
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Hungary: Erste Group Confident
The third-largest lender in CESEE underlined that the Hungarian subsidiary will not be sold. The Austrian bank is confident to reach the turnaround soon.
January 6, 2014
VBAG: Complete Write-Off Possible
The Austrian state may has to write down its interest completely. Further capital injections are very likely. Also VBAG´s other shareholders will be obliged to provide fresh funds for the ailing bank.
January 4, 2014
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Buwog's Spin Off More Likely than IPO
Immofinanz plans on increasing the portfolio of its affiliate Buwog, which focuses on residential real estate, by acquiring a volume of 18,000 apartments in Northern Germany.
December 19, 2013
Immofinanz Increases Net Profit by More than 50 Percent
Immofinanz Group increases net profit by more than 50% – five-year sales programme nearly completed.
December 18, 2013
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Uniqa on Successful Growth Path in Bosnia and Herzegovina
Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.
December 3, 2013
VIG: „We Will Clean Up Merciless“
Yesterday, the Austrian insurance group VIG (Vienna Insurance Group) published surprisingly bad results. In Italy and Romania, VIG has a lot of work to do.
November 28, 2013
VBAG: No Interest Payments on Participation Capital Until 2016
The partly nationalized Austrian bank group VBAG faces further losses. As a result, VBAG will have to perform interest payments not before 2017.
November 28, 2013
New CEO at conwert
Today, the Austrian real estate group has presented its new chief executive officer to the public. As of February 1, Clemens Schneider will manage conwert.
November 27, 2013
RBI Faces Austerity Measures.
Raiffeisen Bank International (RBI) does not take into consideration capital increase.
November 27, 2013
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Conwert Doubles Profits in First Nine Months
conwert on course for year of record operational results following strong nine months in 2013
November 27, 2013
RBI: Profits Decline by More than Half
Raiffeisen Bank International with consolidated profit of € 411 million in the first three quarters 2013.
November 27, 2013
VBAG: Capital Requirement up to € 1.0bn
The partially nationalized Austrian bank needs further capital injections next year.
November 16, 2013
Poland: PZU Surpasses Results in 3Q
With results increasing by almost 65 percent on a quarterly basis, Poland’s biggest insurer has exceeded all expectations.
November 15, 2013
Poland: Improvements at Banking Sector Not Expected
Next year’s results in the banking sector are not expected to exceed the ones in 2013.
November 15, 2013
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Success for VIG Group Companies in the Czech Republic
Martin Diviš named “Insurance Manager of the Year”.
November 14, 2013
Romania: UniCredit Tiriac Bank’s Profits Exceeding Expectations
On an annual comparison basis, Unicredit Tiriac Bank posted an increase of profits of 48 percent to € 48.5m since the beginning of this year exceeding all expectations.
November 13, 2013
Bank Austria: Results Slightly above Expectations
Results for the first nine months of 2013: BankAustria posts net profit of over EUR 1 billion for the first nine months.
November 12, 2013
UniCredit: Net Income Driven By CESEE
Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.
November 11, 2013
Komercni Banka Posts Lower Net income
Today, Czech Komercni Banka published the third quarter results. Lending was up by 2.9%, deposits grew by 4.8%. Net income was down by 7.75.
November 7, 2013
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Erste Group Expects Operating Result to Decline Significantly in 2013
Erste Group posts net profit of EUR 430.3 million in the first nine months of 2013; risk costs decline.
October 30, 2013
Voestalpine to Construct New Plants in China
The Austrian steel manufacturer will invest € 450m in new facilities and plans to triple revenues until 2020.
October 28, 2013
Polish Holding to Take over Romanian International Bank
According to Mediafax newswire, Polish Getin Holding will take over Romanian International Bank (RIB).
October 24, 2013
German Rail Manufacturing Plant of Voestalpine to be Closed
At the end of October voestalpine will shut down its rail manufacturing plant TSTG Schienen Technik GmbH & Co KG in Duisburg, Germany.
October 21, 2013
OMV: Weakest Refining Margin Since 2009
Compared to the same period in 2012, the whole production of Austrian oil company OMV has decreased in the third quarter as well as compared to the previous quarter.
October 18, 2013
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Austria: Voestalpine Expects Same Results as 2012
CEO Wolfgang Eder expects the same level in profits as last year.
October 17, 2013
Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.
October 15, 2013
Gazprom May Face Proceedings by Austrian OMV
OMV considers arbitral proceedings against Russian Gazprom in case no joint solution will be found.
October 9, 2013
FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG
This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.
October 8, 2013
Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published
FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.
October 8, 2013
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RBI: Drastic Austerity Measures Ahead
Vienna-listed Raiffeisen Bank International will have to cut costs by € 450m within 3 years.
September 25, 2013 · Updated: September 25, 2013; 10:41
Immofinanz: Satisfying Results in Q1 2013/14
The Austrian real estate group registered a moderate increase in operating profits in the first quarter of the 2013/14 financial year.
September 25, 2013
RHI: Growth Plans in Emerging Markets
Franz Struzl, CEO of producer of fused cast refractories RHI, announced that the long-term strategic corporate goals were still relevant. However, it is not clear when the targets will be reached.
September 24, 2013
RBI: Sevelda to Remain CEO unil 2017
Karl Sevelda, who was appointed new CEO of listed Raiffeisen Bank International (RBI) at the beginning of June, does not regard himself as interim head of the bank.
September 23, 2013
RBI Revises Expected Provisioning Requirement
Vienna-based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year.
September 16, 2013
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VBAG to Start Selling Process of Volksbank Malta Ltd.
The Austrian VBAG has started the selling process of its affiliate Volksbank Malta Ltd. (VB Malta).
September 5, 2013
Austria: Loss in Profits for Zumtobel
Zumtobel AG 1st Quarter Report (May – July 2013): Zumtobel Group reports substantial improvement in operating earnings.
September 3, 2013
Spar: Growth Plans In Czech Republic
Retailer Spar has lost a total of € 130m in the past eight years in the Czech Republic. Despite of that, the trade chain has plans of expansion. Particularly the network of frachise stores is supposed to grow.
August 30, 2013
VBAG: First Half Year with Losses of € 87m
Partly-nationalized VBAG made net losses in the amount of € 87m in the first half of 2013. In the first half year of 2012 high book profits caused profits to be slightly above zero.
August 29, 2013
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Hypo: Half-Year Results Expected August 28
In order to be able and balance, nationalized Hypo Group required € 700m in capital by the Austrian state.
August 27, 2013
Austria: Bawag to Pay Back Further State Aid
Due to lower costs and provision profits of the Austrian bank Bawag increased. From the coming year on the bank intends to pay back further state aids and plans on further withdrawing from CESEE.
August 27, 2013
Austria: “Painful Cuts“ at RBI
According to the most recent results, the bank has losses in profits of more then 60 percent. A strict cost reduction program
August 22, 2013
Austria: Conwert Shows Best Half-Year Results in History
conwert with best operational half-year results in the company's history.
August 22, 2013
RBI Net Profit Below Analysts’ Expectations: Minus 60.5 Percent
Raiffeisen Bank International with consolidated profit of € 277 million in the first half 2013.
August 22, 2013
RBI: Analysts Expect Drastic Losses of 60 Percent
The Hungarian market in particulary is giving Raiffeisen Bank International (RBI) a hard fight. Business has been on an all time low for years.
August 21, 2013
Austrian Division of Hypo Alpe Adria Managed to Turn A Profit
In the past half year the Austrian division of nationalized bank Hypo Group made small profits.
August 20, 2013
Wienerberger Facing Losses
H1 results confirm Wienerberger's diversification strategy.
August 20, 2013
Mayr-Melnhof Group: Profits Above Last Year's Value
Results for the 1st Half-year 2013
August 15, 2013
Kapsch Group Reports Solid Fiscal Year with Revenue of EUR 928m
Revenue growth in the domestic market of Austria and America.
August 12, 2013
Palfinger: Revenue and EBIT Slightly Higher in 2013
Palfinger continued to profit from internationalization in the first half of 2013
August 8, 2013
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