Lingerie maker Wolford said its net profit grew to EUR 8.9m in the first three quarters of fiscal 2010/11 from EUR 4.6m a year earlier. Sales rose 6.6% to EUR 120m. The results were boosted by the company's consequent cost reduction and efficiency increase measures, CEO Holger Dahmen said. Wolford projects a rise in sales and a considerable improvement in the earnings for full 2009/10.
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Fibre producer Lenzing said it sticks to its capital increase plans but they will be postponed from April to a later stage due to the unfavourable conditions on capital markets. The EUR 75m hike will be carried by the end of the second quarter of the year.
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Thomas Streimelweger, founder of IT services company S&T, has reportedly given up his 28% stake in the firm to three of his creditors, Format wrote. Streimelweger has bank debts worth a total of EUR 16m. The stake is later to be auctioned together with the 29% shareholding of insolvent AvW, Format wrote.
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Erste Group said it will raise its dividend proposal to EUR 0.70 per share for 2010 from EUR 0.65 initially envisaged. The increase is to the excellent capitalisation of the bank and its profit growth in 2010, the management said.
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