понеделник, 12 март 2012 г.

Austrian Economic News - Week 5-11 March

Monday

Austrian insurer Uniqa plans to buy out the minority shares in its subsidiaries in eastern Europe, its management told journalists on Monday. The deal value is estimated in the three-digit million euro range. The insurer will not need extra capital for the move.
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Erste Group said it plans to buy back hybrid bonds for EUR 495.98m in a move to strengthen its core capital.
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Joaquin Almunia, the Competition Commissioner of EU, said he was surprised that Austria did not inform in advance over the initiated partial privatisation of troubled bank OeVAG

Tuesday

Austrian vaccine developer Intercell said its net loss fell to EUR 29.3m last year from EUR 255.2m in 2010. The company aims at profitability in 2014. Sales decreased to EUR 32.9m from EUR 34.2m.
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Austrian lighting specialist Zumtobel said its net profit collapsed 64.1% to EUR 18.9m in the first three quarters of fiscal 2011/12. Due to the downward trend in the components business, the company expects only a slight increase in sales and EBIT margin fall for full 2011/12.
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Refractory materials maker RHI said its sales went up 15.5% to EUR 1.76bn in 2011, while net profit grew 15% to EUR 121.5m. The dividend will be raised to EUR 0.75 per share from EUR 0.50. The company projects stable sales for 2012, as well as investments of EUR 170m.
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Moody's has decreased the outlook on the ratings of Austria's top utility Verbund to "negative" from "stable". The rating was however unchanged at A2.
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Fitch retained its A long-term credit rating on the Austrian cooperative banks association and its main body - troubled Österreichische Volksbanken AG (ÖVAG). The outlook is still "stable".

Wednesday

Sanochemia Pharmazeutika said that it had received an approval for the market entry of its contrast agent Scanlux in Columbia. Now the company plans an expansion in South America.
 
Thursday

Austrian Schoeller-Bleckmann Oilfield (SBO) said its net profit doubled to EUR 53.4m in 2011 due to the good development of the oil sector worldwide. Dividend payment will be boosted to EUR 1.2 per share from EUR 1. The company is optimistic for its development in the current year.
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Machinery group Binder + Co said its sales went up to EUR 81.71m in 2011 from EUR 63.25m in 2010. Net profit increased to EUR 6.77m from EUR 5.49m. The results were mainly boosted by the environment and packaging business.
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Regional utility EVN plans to delist its two Bulgarian subsidiaries from the stock exchange in the second half of 2012.
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Henkel Central Eastern Europe raised its sales by 4.4% to EUR 2.8bn last year. German Henkel employs 9,000 in the region of CEE, of whom 800 in Austria.

Friday

Austrian Airlines (AUA) announced it transported 715,300 passengers in February 2012, an increase of 10.5% in annual comparison. The passenger load factor improved by 1.3 percentage points to 69.4%. The number of passengers for the first two months went up 8.8%.
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Raiffeisen Bank International AG (RBI) acted as Mandated Lead Arranger and Bookrunner for the issue of a syndicated loan of EUR 165m to Moscow's airport Domodedovo.

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