неделя, 21 август 2011 г.

Austria's Top Economic News - Week 15 - 21 August

(Note: unless otherwise stated, the used currency is EUR, while all comparisons are on an annual basis)

Monday - Assumption of the Virgin Mary - Public Holiday

Tuesday

Atrium European Real Estate Limited reported on Tuesday EBITDA of 55.8m for the first half of 2011, up 12%. Gross rental income rose 14.5% to 85.1m. The company's management said it remains cautious regarding the business outlook.
Vaccine producer Intercell said its first-half sales rose 27.5% to 18.38m, while the net loss was reduced by 44.2% to 12.9m. The firm projects sales to rise by 60% to 70% for full 2011, while the net loss to stand at between 30m and 40m.
Asset management firm C-Quadrat said its profit collapsed to 1.9m in the first six months of the year from 8.5m a year earlier. Revenues fell to 27m from 29.6m, while revenues from performance fees rose 43%. The company said it sees itself well positioned for the remainder of the year.
Fibre producer Lenzing said it has started with the launch of its new production line in China, which will boost the annual capacity by 60,000 tonnes of viscose fibres.
Trenkwalder International, Austria's biggest recruitment services provider, will launch an IPO in the medium term, its new owner, German Droege International, said Tuesday.
The supervisory board of Telekom Austria decided on Tuesday to launch a claim for damages against former managers Rudolf Fischer and Gernot Schieszler due to the escalating scandal related to received bonus payments in 2004 after a manipulation of the company's price on the stock exchange. The board is also demanding the return of the bonuses. Current CEO Hannes Ametsreiter, who was marketing head back then, has declared his willingness to return the received additional payment of 92,000.

Wednesday

Telekom Austria reported on Wednesday its EBIT collapsed 85.8% to 42.7m in the first six months of the year. Sales decreased 2.9% to 2.227bn. The performance was explained with regulatory effects, the economic conditions and the tough competition. In view of currency exchange devaluation in Belarus, the company has to reduce its full-year forecast to 4.5bn in sales and 1.55bn in adjusted EBITDA. However, Telekom Austria retained its dividend forecast for 0.76 per share for 2011 and 2012.
Brick maker Wienerberger raised its first half sales 19% to 985.7m. The firm returned to a net profit of 37.5m, compared to a loss of 39.4m a year earlier due to a share swap effect. Wienerberger said it expects a considerable improvement in full-year EBITDA. The company also announced it has no concrete takeover plans at the time being.
Cardboard specialist Mayr-Melnhof said on Wednesday its first-half sales rose 14.5% to 988.2m, while EBIT grew 19.5% to 92.7m. The net profit stood at 64m, up by 30.9%.
Real estate company conwert Immobilien Invest announced a net profit of 8.2m for the first six months of 2011, a fall of 33%. Revenues rose 71.1% to a record-high of 373.1m. The company retained its outlook for 2011.
Machinery group Binder+Co increased its sales 31% to 33.59m in the first six months of the year, while EBIT rose 35% to 3.03m. 
Among all financial figures released on Wednesday, it also became clear that the country's inflation rate stood at 3.5% for July 2011, the highest level since September 2008. The inflation rate was boosted by fuel and food prices. Under the harmonised euro-zone index, the rate came in at 3.8%.
Bank für Tirol und Vorarlberg, or BTV, said on Wednesday its first half net profit rose 14.9% to 31.6m. The bank has also crossed the 6bn threshold in terms of credits for the first time ever.

Thursday

Steel major Voestalpine said on Thursday its first quarter sales rose 19.4% to 3.05bn in fiscal 2011/12. The company's net profit skyrocketed by 73.1% to 209.6m. Voestalpine said it had continued to benefit from the consistent demand in its main customer industries. The Linz-based company still projects a considerable increase in its earnings for full 2011/12.
Firefighting vehicle maker Rosenbauer has won a USD42.9m order for the delivery of 80 Panther vehicles to Infraero Aeroports in Brazil.
Schoeller-Bleckmann Oilfield Equipment announced its sales rose 52% to 194.4m in the first six months of 2011, while net profit soared 204% to 23.6m. The firm projects the demand for oil and gas to remain high in the second half of the year and thus to trigger the demand for SBO's offerings.
Vienna Insurance Group (VIG) reported a net profit of 230.5m for the first six months of 2011, up 9.5%. Its premium income written grew 3.1% to 4.729bn. The results were boosted by the upward trend in life insurance in the company's core CEE markets. VIG projects a 10% rise in pretax profit and growth in premiums in the lower percentage range for full 2011.
IT company Brain Force said its revenues came in at 52.25m in the first three quarters of its 2010/11 fiscal year, down 3% on the year. The company booked EBIT of 0.35m, compared to a loss of 1.09m a year earlier. Brain Force expects a positive development for the next few months.
Sanochemia Pharmazeutika posted a net profit of just 11,000 for the first nine months of its fiscal year, compared to a loss of 328,000 a year earlier. Sales grew by one tenth to 23m.
Catering company Do & Co said it had profited from the good development of the Airline Catering field and registered sales of 116.9m for the first quarter of fiscal 2011/12, up 14.5%. The company's EBIT grew 41.1% to 6.8m.
Toll technology company Efkon, owned by building major Strabag, revealed on Thursday a new contract in South Africa.

Friday

Österreichische Post AG reported on Friday a 9.1% increase in EBIT to 81.3m for the first six months of 2011. Sales rose 2.9% to 1.138bn and net profit grew 14.7% to 62m. Post AG projects a sales increase of 2.9% for full 2011. Only the branch network activities showed signs of negative sales trends in the first six months, the company added.
BKS Bank, part of the 3 Bankengruppe, said its net profit rose to 21.9m in the first six months of 2011 from 19.6m a year earlier. Risk provisions were reduced by 3.3m.
Linz Textil announced its sales grew 23% to 88.1m in the first six months of the year, while net profit went up to 5.7m from 2.9m. The company expects challenging future burdened by restrained private consumption.
C.A.T. Oil AG said on Friday it had won two orders in Russia with a total value of almost 70m. Thus, the company's order backlog has risen to 239m.

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