Telekom Austria said its net profit rose 31% to EUR 257m for the first three quarters of 2010. Sales, however, decreased 3.9% to EUR 3.48bn. While there was growth in the number of mobile phone clients, that of fixed line users stagnated at 2.3m. The company projects sales of EUR 4.7bn and EBITDA of between EUR 1.60bn and EUR 1.65bn for full 2010. The shareholders will receive a dividend of at least EUR 0.75.
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OMV said its sales grew by around 20% to EUR 5.673bn in the third quarter of 2010, but the company's EBIT decreased 29% to EUR 395m. The net profit declined 47% to EUR 149m. OMV's CEO Wolfgang Ruttenstorfer said he was optimistic for the full 2010 business as the company managed to continue its solid operating performance between July and September 2010.
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Bookmaker Betbull has relocated its headquarters from London to Vienna as of November 6. As of November 25, Betbull's shares will start trading on the "other securities" segment of the Vienna bourse.
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German finance services provider AWD said its EBIT-loss decreased to EUR 4.1m in the first three quarters of 2010 from EUR 16.8m a year earlier in the region of Austria and CEE. Revenue rose 1.7% to EUR 53m. The company said its aim is to return to profitability.
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A consortium with the participation of Strabag has won a motorway construction order in Romania worth EUR 220.6m. The contract concerns a 33 km stretch between Deva and Orastie in central Romania.
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Erste Group is considering the takeover of another bank in Serbia in order to boost its presence there, CEO Andreas Treichl told a local daily. He, however, gave no concrete details.
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