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Earnings
Hungary: High Losses for Banks
According to the Hungarian banking association, costs for the coerced conversion of foreign currency loans reach about € 952m.
January 4, 2012
café & Co Achieves Substantial Sales Growth
The Austrian coffee dispenser caterer records a 11% sales increase, which is due to business growth in Eastern Europe.
January 3, 2012
Uniqa´s Czech Subsidiary Beats Market Growth
The Czech subsidiary of the Austrian insurance group achieved an 11% premium income growth, which is significantly beyond the market growth (1.8%).
January 3, 2012
Insurance Industry Records Decline in Premiums
Total premiums written dropped by 0.41% in the period from July to September. The life insurance business was down 7.93%.
December 29, 2011
Schlumberger Achieves Strong Sales Growth
The Viennese sparkling wine company records a 19% sales growth.
December 28, 2011
Bank Austria Expects Positive Results
In spite of high losses in the third quarter, the subsidiary of the Italian UniCredit forecasts slight, but positive results.
December 28, 2011
Agrana Increases Earnings in First Three Quarters
The Austrian sugar and starch company expects revenues of € 2.5bn fort he full year 2011/12.
December 22, 2011
Brain Force Achieves Operative Turnaround
The Austrian software company reported growth in revenues of 2% in 2010/11. Profit after tax was down to € -1.37m.
December 21, 2011
Siemens Austria Reports Strong Performance
The Austrian subsidiary of the German technology group shifts € 1.0bn dividends to its headquarters. Operating results were highly satisfying.
December 20, 2011
Increase of Agricultural Income
First estimates of the Economic Accounts for Agriculture (EAA) compiled by Statistics Austria show an average increase of the income related to agricultural activities.
December 20, 2011
Immofinanz Reports Outstanding Results
The Austrian real estate group going strong in the first half of 2011/12: Group result has more than doubled compared to the previous year. Net Profits are up by 145%.
December 20, 2011
Rise in Profits Expected for Immofinanz
Tomorrow, on Tuesday, the Austrian real estate company presents its results for the second quarter. EBIT should rise significantly.
December 19, 2011
Sanochemia Achieves Turnaround
The Austrian pharmaceutical company could turn net results and EBIT into the profit zone. Sales were up too.
December 19, 2011
Oberösterreichische Versicherung Raises Premium Income
The Upper Austrian regional insurance company expects to record results slightly below the previous year´s level.
December 19, 2011
Energie AG Achieves Strong Growth
The Upper Austrian energy provider recorded an increase in sales of 12.2% in the fiscal year 2010/11. EBIT was down by 2.6% to € 125.6m.
December 16, 2011
Uniqa Grows Quickly in Bosnia and Herzegovina
The insurance company’s premium volume increased by 14% in the first three quarters of the year.
December 16, 2011
Wolford Reports Drop in Earnings
The Austrian clothing company recorded sales of € 73.6m in the first half of FY 2011/12. EBITDA came in at € 6.6m slightly lower than in the previous year.
December 16, 2011
EVN Reports Decline in Profit
The Austrian energy group achieved net profit of € 189.7m in the 2010/11 financial year, a decline of 8.4% from the previous year.
December 15, 2011
Bene Reduced Losses
The Austrian office furniture manufacturer could increase sales by 10.1%. Although results could improve, Bene is still in the red. Net losses amount to € 4.01m after € 11.36m.
December 14, 2011
Moderate Passenger Increase at Vienna International Airport
Vienna Airport reports a 4.8% increase in passengers during November 2011. Cargo decreased drastically.
December 13, 2011
Infineon to Invest in Austria
In spite of the weak economic forecasts, the German semiconductor producer wants to invest further in the Austrian business location.
December 12, 2011
Austrian Railways: Losses Amount to € 28.0m
The Austrian Federal Railways (ÖBB) could reduce its expected losses for 2011. Operating results could be positive.
December 12, 2011
Moderate Increase in Passengers for AUA
Austrian Airlines Traffic Result: 4.9 percent more passengers in November. From January to November, the airline recorded an increase by 2.9 percent in passengers in total network.
December 9, 2011
Miba Continues Growth Path
In the first three quarters, the automotive component supplier could record an increase in sales by 37%. EBIT was up by 22.1%.
December 9, 2011
Telekom Austria: “Hyperinflation Accounting” Applicable in Belarus
The Austrian telecommunication group will have to make inflation adjustments for its local subsidiary Velcom.
December 8, 2011
Slow Progress in Transport Industry
The Austrian transport sector recovered in 2011. However, 2012 is expected to become a difficult year. Goods traffic declined drastically between 2006 and 2010.
December 7, 2011
Hypo Tirol Needs Capital Increase
The Tyrolean bank suffers from a low equity capital quota. After major write-offs in Italy, the core capital amounts to 5.8%.
December 7, 2011
Zumtobel Registers Profits Decrease
The Austrian light technology company reports an increase in revenues by 8.4% in the first half year. EBIT was down by 10.1%
December 6, 2011
Trade and Service Sectors Report Loss in Dynamics
Turnover development of Austrian trade and service enterprises slows down.
December 5, 2011
Further Write-Offs at Hypo Tirol Possible
The Tyrolean bank could make further write-offs in 2012. Non-performing loans of € 30m in Italy are still in the books.
December 5, 2011
Zumtobel: Analysts Expect Decline in Results
The Austrian lighting manufacturer will record a decline in profits, but a rise in sales, analysts state.
December 3, 2011
Hypo Tirol Expects Loss of € 110m
The Austrian regional bank’s result will be impacted by major write-downs of non-performing loans in Italy.
December 2, 2011
Declining Profit for Doppelmayr
The Austrian ropeway manufacturer achieved a slight plus in turnover. The group result dropped by 11%.
December 2, 2011
Porr Issues Profit Warning
The Austrian construction company has to write down € 90m of receivables due to problems in Eastern Europe. For next year, however, management is confident to see stable development.
December 1, 2011
Strabag Increased Revenue and Earnings after Nine Months
Revenue of the Austrian construction group was up by 9%. EBIT stood at € 208m – 8% higher than in 2010.
November 30, 2011
Warimpex Records Negative Result
The Austrian real estate company posted a loss of € 2.8m in the first nine months of the year despite a 10% increase in revenue from hotel operations.
November 29, 2011
Hirsch Servo Posts Loss of € 1.32m
Sales revenue of the Austrian machine manufacturer and packaging supplier declined by 6% in the first three months of fiscal 2011/12. EBIT dropped to € -0.26m.
November 29, 2011
C.A.T. oil Maintains Positive Growth Momentum
The Austrian provider of oil and gas field services achieved an all-time high in operating activity levels. Revenue increased by 14.3% to € 74.7m in the third quarter of the year.
November 29, 2011
HTI Increases Revenues and Nine-Month Result
The Austrian technological group posted a plus in revenues of 7.2%. EBIT improved slightly from € 11.4m to € 11.6m.
November 29, 2011
Significant Growth in Earnings for Frauenthal Group
The Austrian component supplier reported growing revenue for the period from January to September. EBIT increased by 26.5% to € 18.6m.
November 25, 2011
Volksbanken Group Result Negatively Impacted by Extraordinary Write-Downs
The Austrian bank posted a consolidated loss of € 689m for the first nine months of the year. The annual result is expected to decrease even further.
November 25, 2011
Uniqa Reports Positive Development in Core Business
One-off effects of the “write-down of Greece” and the new focus of the Austrian insurance company significantly influence results for the third quarter of the year.
November 24, 2011
Vienna Airport – Decline in Net Profit Due to Special Effects
Results were burdened by impairment charges and non-recurring effects relating to the Skylink terminal extension and the investment in Košice Airport. Net profit amounted to € 20.2m.
November 24, 2011
RBI Posts Decline in Nine-Month Profit
The Austrian bank might have to write down the goodwill on its Ukrainian subsidiary. Consolidated profit declined by 4.8% to € 745m in the first three quarters.
November 24, 2011
S Immo Increases Profit to Over € 20m
The Austrian real estate company reported strong results for the first nine months of the year. EBIT improved by 63% to € 74m.
November 23, 2011
Conwert – Revenue Up by 85%
The Austrian real estate company reported positive results for the first nine months of 2011 despite one-off effects.
November 23, 2011
Tourism Industry Looks Back on Strong Summer Season
Summer season 2011: Arrivals exceed 18 million mark for the first time; 64 million nights spent.
November 23, 2011
Drop in Revenue for SW Umwelttechnik
The Austrian technology group was particularly burdened by a decrease in quantities in Hungary. The loss on ordinary activities doubled from € -1.6m to € -3.3m.
November 23, 2011
Kapsch TrafficCom Reports Strong Growth
Revenues of the Austrian toll system supplier increased by 90%, EBIT more than doubled in the first half of the fiscal year 2011/12.
November 23, 2011
Vienna International Airport: Low Profits Expected
After a profit warning last week, the Viennese airport will only report small profits in the first nine months, analysts say unanimously.
November 22, 2011
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