вторник, 21 февруари 2012 г.

Austrian Economic News - Week 13-19 Feb

Monday

Best Water Technology (BWT) said Monday its EBIT fell 32% to EUR 21.5m in 2011. Therefore, the firm plans to reduce its dividend to EUR 0.28 from EUR 0.40. Sales went up 3.9% to EUR 478.8m. The company expects sales growth but unchanged earnings for 2012.
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Bank Austria had to write down further EUR 100m of its Greek exposure in the last quarter of 2011, CEO Willibald Cernko told WirtschaftsBlatt.
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Österreichische Volksbanken-AG (ÖVAG) has redeemed a three-year bond worth EUR 1bn and issued with guarantees from the state. Austria has received EUR 29.1m for its guarantees. 

Tuesday

Rating agency Moody's has confirmed its AAA credit rating on Austria but reduced its outlook to "negative" from "stable".
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The number of passengers at Vienna Airport rose 9% to 1.4m in January 2012. Cargo volume decreased by 10.1% to 19,184 tonnes.
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Austria's production of crude oil fell 4.7% to 919,437 tonnes in 2011. Natural gas production went down by 6.6% to 1.591bn cu m.  

Wednesday

Austrian pharmaceuticals company Sanochemia Pharmazeutika said its revenues grew 12% to EUR 8.07m in the first quarter of its fiscal year. EBIT however decreased to EUR 465,000 from EUR 1.04m. The results were burdened by higher operating costs and expenditures. Sanochemia plans to intensify the focus on its radiology segment.
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Steel group Voestalpine said it raised its net profit by 2.8% to EUR 411.4m in the first three quarters of 2011/12. Sales went up 11.9% to EUR 8.88bn. The company's outlook for unchanged EBIT for 2011/12 compared to 2010/11 remains intact.
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Austria's economy delivered a 0.1% quarter-on-quarter fall in the last three months of 2011. In an annual comparison, the country's GDP went up by 1.2%. For full 2011 the economy showed growth of 3.1% in real terms, Wifo said.
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Russian Sberbank, which has recently bought Volksbank International (VBI), announced that Siegfried Wolf was appointed head of VBI's supervisory board. Friedhelm Boschert continues to be CEO of the former OeVAG subsidiary.
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Construction material group Wienerberger AG said it had agreed to buy the 50% it did now own in Pipelife from its joint venture partner Solvay. 

Thursday

Austrian motorcycle producer KTM said on Thursday it sold 81,200 units in 2011, up 22.4% in annual terms. Sales went up 13.4% to EUR 526.8m, while net profit grew 30.7% to EUR 20.7m. The company will continue its focus towards Asia.
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Rating agency Moody's has reduced the outlook for ÖBB Infrastruktur AG, the infrastructure unit of Austrian Federal Railways, to "negative". The rating was kept at Aaa. The agency however kept the A3 rating on OMV, with a "stable" outlook.
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Vienna-based IT services company Brain Force said it had ended its first fiscal quarter with a net loss of EUR 1.56m, up from a loss of EUR 0.65m a year earlier. Revenues, however, rose 16% to EUR 19.81m. The company wants to further boost its sales and improve its operating result by the end of the fiscal year.
  
Friday

Construction company Porr said it had agreed to buy German Trierer Kalk-, Dolomit- und Zementwerke GmbH in a move to expand its raw material business. The takeover is part of the long-term strategy of the firm in Germany.
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Telekom Austria will not file a binding takeover offer for Bulgarian peer Vivacom. The company was considered by media reports to be among the interested parties for the acquisition.
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A consortium around Austrian builder Strabag has been awarded a EUR 1.7bn order for the construction of parts of the north Italian motorway Pedemontana, the Italian contractor said. Strabag will receive EUR 1bn from the order value.
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Strabag announced on Friday that its construction output rose by 12% year-on-year to EUR 14.33bn in 2011. Order backlog stood at EUR 13.36bn at the end of the year, an increase of 9%. For 2012 Strabag expects stable output and EBIT of over EUR 300m.

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