(unless otherwise stated, all currencies are in EUR and comparisons are on a yearly basis)
Monday
Monday
Car parts supplier HTI High Tech Industries AG said its sales rose 7.1% to 102.5m for H1 2011 due to improved costs structure and good utilisation. HTI booked a net profit of 2.2m, compared to a loss of 764,000 a year earlier. As a whole, the company expects a positive business development until the end of 2011. It projects sales of above 200m for full 2011.
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Insurance company UNIQA said its net profit rose 6.8% to 53m. The company added it was burdened by one-off write-downs worth 58m related to its exposure in Greece. Premium income fell 1.1% to 3.19bn. UNIQA projects no further negative factors on the capital markets by the end of the year, provided that there are no additional burdens from nature catastrophes.
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Building major Strabag said it had received a contract for the construction of a 15-km long wastewater drainage tunnel in the region of Toronto. The order has a value of about 200m.
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Unlike in Libya earlier this year, oil and gas group OMV will not be hit by the planned sanctions against Syria. A spokesman of the company said that OMV has no operations in the country.
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The hearings related to the environmental impact assessment of the planned third runway of Vienna Airport started on Monday, with a total of 144 requests to speak. The public discussions mainly concern the expected rise in the noise in the region of Schwechat.
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Real estate firm Sparkassen Immobilien AG (s Immo) said it had doubled its net profit to 10.1m in the first six months of the year. The revenues grew to 102.3m from 79.4m. The management expects a good business development for the second half of 2011.
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Insurance company UNIQA said its net profit rose 6.8% to 53m. The company added it was burdened by one-off write-downs worth 58m related to its exposure in Greece. Premium income fell 1.1% to 3.19bn. UNIQA projects no further negative factors on the capital markets by the end of the year, provided that there are no additional burdens from nature catastrophes.
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Building major Strabag said it had received a contract for the construction of a 15-km long wastewater drainage tunnel in the region of Toronto. The order has a value of about 200m.
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Unlike in Libya earlier this year, oil and gas group OMV will not be hit by the planned sanctions against Syria. A spokesman of the company said that OMV has no operations in the country.
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The hearings related to the environmental impact assessment of the planned third runway of Vienna Airport started on Monday, with a total of 144 requests to speak. The public discussions mainly concern the expected rise in the noise in the region of Schwechat.
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Real estate firm Sparkassen Immobilien AG (s Immo) said it had doubled its net profit to 10.1m in the first six months of the year. The revenues grew to 102.3m from 79.4m. The management expects a good business development for the second half of 2011.
Tuesday
Real estate company and hotel operator Warimpex said it slipped to a net loss of 3.16m for the first six months of the year, compared to a profit of 3.73m a year earlier. Revenues, however, rose 9% to 51.15m. The net loss was attributed to low earnings from divestments and planned write-offs.
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C.A.T. Oil announced a first-half net profit of 6.9m, down from 8.5m a year earlier, due to negative currency effects. Sales rose 24.4% to 135m. The company projects stable business on its core markets - Russia and Kazakhstan, until the end of the year.
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Allianz Austria said its earnings fell to 58.4m in H1 2011 from 82.4m a year earlier. Gross premiums grew 2% to 756.5m, the Austrian unit of the German insurer said on Tuesday. Allianz Austria booked write-downs on its Greek business worth 4.2m.
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C.A.T. Oil announced a first-half net profit of 6.9m, down from 8.5m a year earlier, due to negative currency effects. Sales rose 24.4% to 135m. The company projects stable business on its core markets - Russia and Kazakhstan, until the end of the year.
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Allianz Austria said its earnings fell to 58.4m in H1 2011 from 82.4m a year earlier. Gross premiums grew 2% to 756.5m, the Austrian unit of the German insurer said on Tuesday. Allianz Austria booked write-downs on its Greek business worth 4.2m.
Wednesday
Construction company Strabag said it posted EBIT of 16.67m for the first six months of 2011, compared to a loss of 10.36m a year earlier. Strabag pointed out that this was the company's first ever positive EBIT result for the first half of a fiscal year as due to the construction sector specifics, the breakeven point is usually reached in the third quarter. Revenues rose 18% to 5.917bn. The builder confirmed its outlook for 2011 and 2012.
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Confectionery maker Manner, which has a flagship store near the Stephansdom in Vienna's downtown, slipped to a net loss of 2m for the first six months, compared to a profit of 1.16m a year earlier. The company's performance was burdened by high raw material prices. However, the firm projects a positive result for full 2011. Sales in the first half rose 11% to 79.88m.
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Online bookmaker bwin.party said it booked a pro-forma revenue of 398m for H1 2011, down 3% year-on-year. The company was hit by the significant competition in the poker field, the closing of the online casinos for French users, increased taxes as well as the lack of any major sports events. bwin.party had to register a pro-forma net loss of 41m, compared to a profit of 35m a year earlier. The firm was established after the merger of Austrian bwin and UK PartyGaming in 2010.
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Porr, one of Strabag's biggest peers, said its revenues rose to 984m in H1 2011 from 955m. The company's net loss, however, widened to 6.7m from 5.6m. Porr referred to the debt crisis, which is curbing public spending and thus the investments in construction in the EU.
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Lufthansa and its Austrian subsidiary, Austrian Airlines (AUA), announced on Wednesday they would raise the prices of long-haul destinations. AUA will, however, keep its low-fare "redtickets".
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Czech-Slovak investment group Penta said that it would once again extend its takeover offer for insolvent A-Tec, this time by the end of September.
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Beer and mineral water producer Ottakringer said its beer sales decreased 1.8% in the first six months of 2011, while mineral water sales grew 0.9%. The operating profit of the company fell to 5.4m from 5.7m.
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Austrian investor Unternehmens Invest AG (UIAG) said it posted a net loss of 5.44m in the first three quarters of 2010/11, compared to a profit of 3.03m a year earlier. The company said however it expects to benefit from two major divestments implemented in July.
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The affair related to dubious payments around Telekom Austria continued to expand on Wednesday with Mathias Reichhold, ex-minister from the right-wing FPOe party, being accused in a media report that he had received a payment of 72,000 for giving consultancy to the telecommunications group.
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Confectionery maker Manner, which has a flagship store near the Stephansdom in Vienna's downtown, slipped to a net loss of 2m for the first six months, compared to a profit of 1.16m a year earlier. The company's performance was burdened by high raw material prices. However, the firm projects a positive result for full 2011. Sales in the first half rose 11% to 79.88m.
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Online bookmaker bwin.party said it booked a pro-forma revenue of 398m for H1 2011, down 3% year-on-year. The company was hit by the significant competition in the poker field, the closing of the online casinos for French users, increased taxes as well as the lack of any major sports events. bwin.party had to register a pro-forma net loss of 41m, compared to a profit of 35m a year earlier. The firm was established after the merger of Austrian bwin and UK PartyGaming in 2010.
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Porr, one of Strabag's biggest peers, said its revenues rose to 984m in H1 2011 from 955m. The company's net loss, however, widened to 6.7m from 5.6m. Porr referred to the debt crisis, which is curbing public spending and thus the investments in construction in the EU.
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Lufthansa and its Austrian subsidiary, Austrian Airlines (AUA), announced on Wednesday they would raise the prices of long-haul destinations. AUA will, however, keep its low-fare "redtickets".
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Czech-Slovak investment group Penta said that it would once again extend its takeover offer for insolvent A-Tec, this time by the end of September.
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Beer and mineral water producer Ottakringer said its beer sales decreased 1.8% in the first six months of 2011, while mineral water sales grew 0.9%. The operating profit of the company fell to 5.4m from 5.7m.
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Austrian investor Unternehmens Invest AG (UIAG) said it posted a net loss of 5.44m in the first three quarters of 2010/11, compared to a profit of 3.03m a year earlier. The company said however it expects to benefit from two major divestments implemented in July.
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The affair related to dubious payments around Telekom Austria continued to expand on Wednesday with Mathias Reichhold, ex-minister from the right-wing FPOe party, being accused in a media report that he had received a payment of 72,000 for giving consultancy to the telecommunications group.
Thursday
Austria's unemployment number rose 0.4% to 219,247 in August 2011, the first increase in 17 months. However, the Ministry of Labour said that the increase was mainly due to changes in the calculation methodology.
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Mirko Kovats, the CEO and majority owner of the collapsed industrial group, A-Tec, plans to step back by the end of the year after a suitable investor is found for the company. An investor for the insolvent company should be named by the end of September.
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Insurer Uniqa said it plans to merge its hospital management units PKB Privatkliniken Beteiligungs-GmbH and PremiQaMed Management GmbH. The firm will also target to buy the 25% it does not own in the units.
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Mirko Kovats, the CEO and majority owner of the collapsed industrial group, A-Tec, plans to step back by the end of the year after a suitable investor is found for the company. An investor for the insolvent company should be named by the end of September.
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Insurer Uniqa said it plans to merge its hospital management units PKB Privatkliniken Beteiligungs-GmbH and PremiQaMed Management GmbH. The firm will also target to buy the 25% it does not own in the units.
Friday
Maria Fekter, Austria's finance minister, said she does not plan to privatise troubled Österreichische Volksbanken AG (ÖVAG). The bank will have time to carry out the necessary restructuring measures, she added.
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Utility EVN launched its cogeneration plant in Plovdiv, in southern Bulgaria. The 50 MW plant has cost EVN 51.5m in investments.
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Following a crisis meeting on Friday, the supervisory board of Telekom Austria decided to elect an external examination committee to look into the recent numerous scandals around the company. The board also expressed its support to the current executive board of the company. The supervisors have recommended the appointment of external experts in the field of corporate compliance.
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Troubled IT services provider S&T will be taken over by Quanmax and Grosso Holding. No financial details were given.
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Utility EVN launched its cogeneration plant in Plovdiv, in southern Bulgaria. The 50 MW plant has cost EVN 51.5m in investments.
*
Following a crisis meeting on Friday, the supervisory board of Telekom Austria decided to elect an external examination committee to look into the recent numerous scandals around the company. The board also expressed its support to the current executive board of the company. The supervisors have recommended the appointment of external experts in the field of corporate compliance.
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Troubled IT services provider S&T will be taken over by Quanmax and Grosso Holding. No financial details were given.
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