понеделник, 30 януари 2012 г.

Austrian Economic News - Week 23-29 Jan

Monday

The number of overnight stays in Vienna rose 5% in annual terms to the record-high 11.4m for 2011. Revenue from overnight stays is seen up 9.2%. The strongest growth was registered by visitors from Russia and Asia.
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Erste Group has redeemed the third bank bond issued with guarantees from the Austrian state on Monday. The three-year bond has a volume of EUR 1.5bn. 
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Oil and gas group OMV wants to process the shale gas reserves in northern Weinvierte, in Lower Austria, from 2020. The gas extraction will only be carried out in ecologically-friendly way, without the use of dangerous chemicals.

Tuesday

Vienna Insurance Group (VIG) said it plans to propose a rise of its dividend for 2011 to correspond to a dividend yield of 3.6%. The company's premium income grew 4.9% to EUR 5.1bn last year.
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Circuit board producer AT&S said its sales went up 1.9% to EUR 371.8m for the first nine months of fiscal 2011/12. The net profit, however, decreased by 26.1% to EUR 21.9m. The company projects annual sales of about EUR 500m. 
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Egyptian telecommunications investor Naguib Sawiris said he will not seek a shareholding in Telekom Austria higher than 25%. Sawiris, together with Austrian investor Ronny Pecik, currently controls 20% in Telekom.
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Update Software AG said its sales for 2011 went up 14.8% on the year to EUR 31.7m. The company managed to post EBIT of EUR 0.1m, compared to an EBIT loss of 2.7m. Update added it considers itself good positoned with its CRM software solutions.
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Telekom Austria said it expects a considerably lower net profit for 2011 due to write-downs of EUR 300m on its Belarus subsidiary Velcom. However, the company confirmed its previous sales, EBITDA and free cash flow expectations, as well as its plans for a dividend of EUR 0.38 for 2011 and 2012.

Wednesday

Veronika Sutedja, an analyst at Erste Group, said she expects a net loss of EUR 200m for Telekom Austria for 2011 due to wtite-offs and restructuring costs.
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Raiffeisen Zentralbank (RZB) said it plans to have a core capital ratio of 9.4% at the end of the second quarter, which will be higher than the 9% threshold demanded from the European Banking Authority. At the end of the third quarter of 2011, RZB had a capital gap of EUR 2.1bn, which was needed for reaching of the target.
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Following the credit downgrade on Austria, Standard & Poor's (S&P) said it had decided to reduce the ratings on the provinces of Tyrol, Upper Austria and Vienna to AA+ from AAA. The outlook for Burgenland, Lower Austria and Styria, which already have a AA+ rating, was lowered to "negative". 

Thursday

Austrian pharmaceuticals company Sanochemia said Thursday its sales rose 26% to EUR 34.1m for fiscal 2010/11. The company posted EBIT of EUR 1.8m and a net profit of EUR 0.9m. Sanochemia plans to invest further in sales and product development in 2012.
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Austrian Federal Railways (ÖBB) has chosen Do & Co as provider of its catering services as of April 1, 2012.
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Raiffeisen Bank International expects a burden of EUR 60m in Hungary due to the government plans to reduce foreign-currency loans in the country. RBI's CEO Herbert Stepic told WirtschaftsBlatt. The CEO, however, pointed out that the bank has made provisions.
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Teak Holz International reported a net profit of EUR 0.4m for fiscal 2010/11, down from EUR 3.7m for 2009/10. Net sales stood at EUR 1.2m, up from EUR 0.7m.
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Some 750 pilots and cabin crew members of Austrian Airlines (AUA) protested in Thursday morning against the planned savings measures of the company. The employees fear of further job cuts at AUA despite that the management has rejected such.
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Russian Sberbank officially announced that it had paid EUR 500m for the eastern European unit of OeVAG. Initially the sides had agreed to a price of at least EUR 585m.

Friday

Regional utility EVN has acquired a wind park in Pöttelsdorf, in Burgenland, from AAG Holding. The park has a capacity of 9.2 MW.
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Steel group voestalpine said it had received a record-high order of EUR 700m for its automotive division. The name of the contractor was not revealed. Following the order the company will invest EUR 100m in capacity growth in China and USA. 

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