Austrian economic news in a flash

(The most important economic news in Austria from 17 September) 

Lingerie maker Wolford said its sales rose 9.2% in annual terms to EUR 29.8m in the first quarter of its fiscal year that ends on April 30. Net loss decreased to EUR 2.5m from EUR 3.3m. The company projects a further increase in sales and improvement in earnings for full 2010/11.
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Klagenfurt-based BKS Bank plans to issue a hybrid bond with a volume of up to EUR 20m. The subscription period runs between September 17 and 24. The bond will be used for strengthening of the core capital and improving of the competitiveness.
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Agrana plans to process some 5.2m tonnes of sugar beet in the current season, up from 5.1m a year earlier. This is expected to result in the production of 772,000 tonnes of sugar, up 3.3% in annual terms. The cultivation area of bio sugar beet has more than doubled to 750 hectares since its introduction in 2008, Agrana said.
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The squeeze-out of Christ Water Technology (CWT) was entered into the trade register and now Eimco Water Technologies GmbH is the 100% owner of the company. The shares of CWT will cease trading on the Vienna Stock Exchange at a short notice. The minority shareholders will receive EUR 2.10 as a cash compensation for the move.
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Swiss Post is not interested in entering the Austrian mail market despite its liberalisation from 2011, Georg Weidinger, head of Swiss Post International Austria, said over the weekend.
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Austria's industrial producer price index stood at 110.2 points in July 2010, up 4.2% in annual terms and 0.4% in monthly comparison, Statistik Austria said.