четвъртък, 29 декември 2011 г.

Austrian Economic News - Week 19-25 Dec

Monday

Sanochemia Pharmazeutika posted EBIT of EUR 1.7m for fiscal 2010/11, compared to an EBIT-loss of EUR 1.3m a year earlier. Sales rose by 25% to EUR 34.1m boosted by radiology and synthetic products.
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Lingerie maker Wolford said that its Christmas sales have increased by 6.3% so far. The company added it is satisfied with the holiday turnover this year.
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Erste Group raised its stake in Romanian Banca Comerciala Romana (BCR) by further 6% and now owns 88% in its subsidiary.
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BDI BioEnergy International said it had received a EUR 4.45m order to build a biogas plant for a French waste management firm.

Tuesday

Real estate company Immofinanz said its group profit soared 145% to EUR 265m for the first six months of 2011/12, beating analysts' expectations. The company plans to raise its dividend to EUR 0.15 for full 2011/12 from EUR 0.10 per share a year earlier. Rental income in the first six months went up 2.4% to EUR 284m.
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The Austrian unit of German engineering giant Siemens will transfer EUR 1bn in dividend to its German parent for fiscal 2010/11, up from EUR 420m a year earlier. Siemens Austria's sales rose 1.2% to EUR 2.47bn for the year.
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IT company Beko Holding said its sales in fiscal 2010/11 grew 11% to EUR 55.1m, while the EBIT came in at EUR 1.1m, compared to a loss of EUR 11m a year ago. In view of the worsening of the economic conditions, Beko intends to reduce its business activities.
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Troubled Austrian bank OeVAG has agreed to divest of its 25% in insurer Victoria-Volksbanken Versicherungen to majority owner Ergo. Victoria is active in Austria and eastern Europe.
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Real estate firms Warimpex, CA Immo and UBM have opened the Airportcity project in St. Petersburg. The project consists of two hotels and two office towers.

Wednesday

IT company Brain Force slipped to a net loss of EUR 1.37m for fiscal 2010/11, compared to a profit of EUR 0.92m a year earlier. The EBIT loss narrowed to EUR 1.04m from EUR 1.65m.
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Austria's economic research institute Wifo expects a GDP increase of 0.4% for 2012, while IHS sees 0.8%. For 2013 the two institutes expect 1.6% and 1.9%, respectively. For the current year Wifo sees growth of 3.2%, while IHS predicts 3.3%.
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Regional utility EVN has acquired almost 100% in its Bulgarian units, EVN Bulgaria Elektrorazpredelenie and EVN Bulgaria Elektrosnabdiavane. The move was implemented as Bulgaria decided to withdraw from the two firms.

Thursday

Austrian machinery group Andritz has won a EUR 107m order for a hydropower plant in Egypt. The four turbines to be delivered will produce electricity for 75,000 households from 2017.
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Sugar, starch and fruit group Agrana said its sales grew to EUR 1.952bn for the first three quarters of fiscal 2011/12. Operating profit rose to EUR 198.7m from EUR 104.8m. The growth was supported by the sugar and starch business.
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Indian Bajaj Auto International has boosted its stake in motorcycle producer KTM with 100,000 shares to 40.87%.

Friday

Moody's retained its AAA credit rating for Austria referring to its competitive export sector, low unemployment rate and strongly diversified economy.
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Raiffeisen Bank Internantional said its Hungarian subsidiary will carry out a EUR 350m capital increase. The move is needed to offset the expected EUR 320 loss at the Hungarian unit. The latter will also implement strict savings measures.

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