сряда, 21 декември 2011 г.

Austrian Economic News - Week 12-18 Dec

Monday

Austrian Atrium European Real Estate Limited has taken over a retail centre in Poland. The company paid EUR 55m for the shopping mall in Stettin.
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Erste Group said Monday it had raised its shareholding in Romanian BCR to 82%. The move was implemented via the buy of 4.74% from SIF Transilvania against the issue of new shares in Erste. Furthermore, the Austrian bank paid around EUR 44.6m for shares owned by SIF Muntenia and SIF Moldova.
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Andreas Karsten, the newly-appointed CEO of Vienna International Hotelmanagement, said the company will seek IPO but not in the next three years. For now, the hotel manager will focus on its expansion.

Tuesday
Austrian firefighting vehicle maker Rosenbauer said it had secured an order worth EUR 19.7m for the delivery of 18 vehicles to New Doha International Airport in Qatar.
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Standard & Poor's (S&P) has reduced its credit rating for insurer Uniqa to A- from A. The outlook was set as "stable".
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Austrian Airlines (AUA) said it will raise as of December 15 the fuel surcharge by EUR 3 on short-haul flights and by EUR 10 on long-distance ones. The move was triggered by the increase in kerosene prices.
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Regional utility EVN has invested EUR 3.6m in the construction of a district heating grid and biomass-powered heating plant in the industrial region of Hagenbrunn. The move is part of EVN's strategy to boost the energy produced by renewables in its portfolio. 

Wednesday

Office furniture maker Bene said its operating loss was reduced to EUR 2.2m for the first three quarters of fiscal 2011/12, from EUR 8.7m a year earlier. The net loss fell to EUR 4.01m from EUR 11.36m. The company attributed the positive development to strong growth in sales, the sharpening of the product range and the focus on margin-strong projects. Bene aims to close the year with a positive operating result.
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Austrian Airlines (AUA) will have to approve a new savings package in order to be able to return in the black in 2012, Christoph Franz, CEO of parent Lufthansa, said. It is still be decided on the concrete measures.
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IT services provider S&T expects to be able to return to profit in 2012 with a result of around EUR2m. Revenues are seen at EUR 220m. The company has started a three-phase restructuring programme, its recently appointed management said.
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OMV Gas GmbH will be renamed into Gas Connect Austria, OMV said on Wednesday. The move is part of the company's decision to separate more distinctly the production and trade business with the grid activities. 

Thursday

Austria's regional utility EVN said its net profit fell 8.4% to EUR 189.7m in fiscal 2010/11. EBIT, however, rose 16.8% to EUR 218.7m. Sales went down 0.8% to EUR 2.729bn. The company plans to raise its dividend to EUR 0.41 per share from EUR 0.40 a year ago.
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Austria's annual inflation rate grew to 3.6% in November, compared to 3.4% in October. The increase was driven once again by food and mineral oil product prices. The euro-zone harmonised index came in at 3.8%.
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The Vienna stock exchange operator announced that as of December 19 the shares of collapsed game developer JoWooD will be finally delisted from the market.
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Bank Austria and Erste Group said Thursday their US clients continue to be of importance despite the stricter disclosure rules approved by the US authorities.
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Steel specialist Voestalpine confirmed that it had received an order from Deutsche Bahn. The total order, placed to a group of companies, is worth EUR 300m.
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Austrian troubled bank OeVAG plans to sell its entire non-core business, which would mean the cutting of every fifth job by 2013. 

Friday

Austrian lingerie producer Wolford said on Friday its net profit halved to EUR 1m in the first half of fiscal 2011/12. EBIT fell by 15% to EUR 2.7m and sales went down by 0.6% to EUR 73.6m. The company said it was burdened by the reserved customer behaviour and lowered investment activities. However, Wolford still expects a slight earnings and sales increase for the full fiscal year.
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Austrian fire fighting vehicles maker Rosenbauer received a large-scale order for 1,125 vehicles in Saudi Arabia. The EUR 245.3m order is the biggest in the company's history and will utilise the firm's capacity for the next two years.
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Quanmax and grosso Holding GmbH own almost 75% in IT services provider S&T, the latter said in a statement.
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Telekom Austria announced a cut of its planned dividend payment to EUR 0.38 from EUR 0.76 for 2011 and 2012. The company, however, confirmed its outlook for 2011. The reduction in dividend was attributed to tough economic conditions and the volatile foreign currency markets.

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