понеделник, 26 март 2012 г.

Austrian Economic News - Week 19-25 March

Monday 

Raiffeisenlandesbank Oberösterreich has raised its stake in aluminium producer AMAG by 4.7 percentage points to 16.44%. The shares were sold by One Equity Partners (OEP).
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Austrian Post AG plans to take over Polish postal delivery specialist Kolportaz Rzetelny, the local antitrust authorities reported. The company specialises in the field of advertising materials delivery.
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Austrian construction firm Strabag wants to expand its activities in the field of renewable energy and especially in the building of foundations for offshore wind parks.
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Real estate developer Conwert has decided to change its corporate office in Vienna in the second quarter of the year. The previous headquarters building is to be sold to lingerie maker Palmers.
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Technology group Andritz has received an order worth EUR 45m in Congo. The company will build two turbines for a hydropower plant.
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Pankl Racing Systems AG announced its sales grew 17% to EUR 105.4m in 2011, while net profit rose to EUR 4.5m from EUR 2.9m. The business was supported by the prolonging of the race season and the positive development of the automotive and airspace sectors. For 2012 the company expects a 10% rise in sales and investments of some EUR 16m.

Tuesday

Strabag has issued a bonded loan worth EUR 140m. The move aims to diversify the company's financing structure.
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The supervisory board of oil and gas group OMV has green lighted the transfer of shares as bonuses to the company's employees and managers. The decision is part of the Long Term Incentive Plan 2009 of OMV.

Wednesday

The net profit of Vienna Airport decreased 58.3% to EUR 31.6m in 2011 due to write-offs and one-off effects. The dividend will be halved to EUR 1 per share. Revenue was up 9% to EUR 582m. For 2012 the company projects a net profit of above EUR 50m.
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Machinery maker Andritz had received a EUR 44m order for the delivery of equipment for the Beyhan-1 hydropower plant in Turkey. The plant will start operations in 2015.
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Strabag has won an order worth EUR 90m to expand the U1 underground line in Vienna. Construction works are to be completed in 2016.
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Steel group voestalpine will invest further EUR 500m in its site in Linz, CTO Wolfgang Lakata told journalists. The company is "fit" for the future, the manager added.
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Sparkassen Immobilien AG (s immo) announced its rental income in 2011 grew by 21.1% to EUR 125.9m. Net profit soared to EUR 21.3m from EUR 2.1m. The results were boosted by finished development projects and acquisitions.  

Thursday

Fibre producer Lenzing said that it plans to raise dividend to EUR 2.50 per share for 2011. For 2010 the company paid EUR 1.55. Sales grew 21.2% to a record-high of EUR 2.14bn in 2011. Net profit soared to EUR 258.7m.
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Machinery builder Andritz said it had received a EUR 100m order in Chile. The Austrian company will provide equipment for coal-powered plants.
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Strabag said it had agreed to buy 51% in Swiss Baunova. Thus Strabag would be able to take part in the construction projects of BH-Holding.
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UBM Realitätenentwicklung AG, subsidiary of construction group Porr, said its net profit fell 5.3% to EUR 8.9m for 2011 due to bigger tax burdens. Revenues grew 71.4% to EUR 196.4m. The firm gave no forecast for 2012.
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The shareholders of Andritz approved on Thursday the raise in the company's dividend to EUR 2.20 per share from EUR 1.7. The 1:2 stock split was also green lighted.
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Motorcycle producer KTM plans to issue a bond worth EUR 75m. The maturity of the bond will be five years.

Friday

Real estate developer conwert has a new core shareholder after Hans-Peter Haselsteiner agreed to buy 23% in it. The CEO of Strabag aims to raise his stake to 25% plus one share.
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C-Quadrat Investment AG said its net profit collapsed to EUR 3m for 2011 from EUR 15.3m fir 2010. Operating profit fell to EUR 623,000 from EUR 9.4m. The results were burdened by the negative stock exchange performance.

 

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