Austrian economic news in a flash - 4 November 2010

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Refractory material maker RHI said its EBIT before write-offs and restructuring costs soared to EUR 96.7m in the first nine months of 2010 from EUR 32.8m a year earlier. Net profit skyrocketed to EUR 88.8m from EUR 4m as last year it was hit by the financial crisis. Sales rose 24.6% to EUR 1.222bn, the firm said in a statement. RHI added it projects its sales to grow to EUR 1.5bn for full 2010 from EUR 1.24bn for 2009. CEO Henning Jensen also told APA news agency that RHI has bought the land plot for its green field investment in Brazil.  
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The creditor banks of industrial holding A-Tec are ready to extend the company's financing to the end of October 2011. In return the banks want 40% in the group's most successful subsidiary AE&E. The other creditors to the company in principle accepted the proposal
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Plastics maker Borealis posted a net profit of EUR 54m in the third quarter of 2010, up from EUR 47m a year earlier. Sales came in at EUR 1.590bn, down from EUR 1.614bn. OMV holds 36% in the company.
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Online bookmaker Bwin rejected that it has any problems with the merger with UK PartyGaming. The deal is on track to be completed in the first quarter of the next year, Bwin said.
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SW Umwelttechnik AG has extended the subscription period for its planned EUR 10m bond by November 15 from November 1. The move was requested by some of the interested investors, the company told APA news agency.
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The 29% stake of collapsed AvW in machinery group Binder+Co will be sold on November 11. There are six interested parties for the stake, including restructuring specialist Erhard Grossnigg.

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The capital hike of 10% of utility EVN was included in the trade register as of October 30. The number of issued shares grew by 30m to 330m.