сряда, 29 юни 2011 г.

Austria's Top Economic News - Week 20-26 June

Monday

Monday was slow on corporate news with CA Immo revealing that its German unit Vivico Real Estate will take the parent's name in the future. Thus the company wants to strengthen its presence in Germany.
update software AG said on Monday it plans to buy back up to 865,004 shares between June 28 and November 18, 2013. The repurchased stock will be used for servicing share option plans and for financing of takeovers.

Tuesday

On Tuesday Norbert Steiner, the project manager for the controversial Skylink terminal expansion at the Vienna Airport, told journalists that the terminal could be ready for passengers in June 2012. According to Steiner, the project will cost less than EUR 800m.
US investment firm Capital Research and Management Company has lowered its stake in Telekom Austria to 7.94% from 15.13% before, the Austrian company announced.
Motorcycle producer KTM revealed on Tuesday a capital increase of EUR 14m via the issue of 400,000 new shares.

Wednesday

Sugar, stark and fruit group Agrana said on Wednesday that its first-quarter sales rose to EUR 613m from EUR 541m. The company expects a considerable rise in earnings for full fiscal 2011/12, it added.
Office furniture maker Bene announced it had reduced its EBIT loss to EUR 1.3m for the first quarter of fiscal 2011/12 from EUR 3.1m a year earlier. Sales rose 18.5% to EUR 44.3m. The improvement was attributed to the enhanced product mix and the increased own production at the firm. Bene projects a slightly negative EBIT for full 2011/12 and a further increase in sales.
Brick maker Wienerberger said that it was on the right path for achieving a net profit in 2011 despite the crisis in Greece and the stagnated business in USA. The company's CFO, Van Riet, said he expects improvements on the markets in western Europe, Poland and the Czech Republic, but also that falls in Bulgaria and Romania could not be excluded. Wienerberger has also issued a new bond, raising EUR 100m in new capital.
Fibre producer Lenzing said that its main shareholder B&C Privatstiftung has reduced its shareholding to 65.5% in the frame of the company's listing of more shares on the stock market.
Fireproof material maker RHI said on Wednesday it forecasts a slight improvement in sales for the second quarter of the year plus a rise in the EBIT margin to 9%. For the second half of the year an EBIT margin of 9.5% is projected.

Thursday

Corpus Christi - Public Holiday

Friday

On Friday BKS Bank said it plans to issue a bond worth up to EUR 20m and with a maturity of six years. The interest rate will be set at 3.75%.
Nespresso, Nestle's maker of coffee capsules, will close its eastern European headquarters in Vienna, the company said. Following the move, the units in Poland, the Czech Republic, Hungary and Romania will act as separate entities.
At the forthcoming shareholders' annual meeting lighting specialist Zumtobel plans to seek an authorisation for a capital increase of up to EUR 10.88m, the company said.
Late on Friday brewery Ottakringer said that its shareholders have approved a dividend of EUR 1.54 per share for 2010.

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