вторник, 24 април 2012 г.

Austrian Economic News - Week 16-22 April

Monday

IT company Quanmax said its 2011 sales rose to EUR 153.2m from EUR 80.7m a year earlier. Net profit more than doubled to EUR 8.3m. The results were boosted by the takeover of S&T. Dividend will be raised to EUR 0.30 per share from EUR 0.19. For 2012 Quanmax sees sales of EUR 330m and at least EUR 10m in net profit.
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The Austrian environmental senate has rejected an approval for the construction of a gas-steam power plant to the east of Klagenfurt. The project operator now can appeal the decision before the administrative court.
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IT consultancy Plaut confirmed its preliminary results for 2011. The company booked sales of EUR 21.9m and EBIT of EUR 1.4m.
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Insurer Uniqa has signed the deal for the sale of its German unit Mannheimer to local insurance association Die Continentale. The divestment is part of Uniqa's focus on CEE.
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Österreichische Post AG will pay a dividend of EUR 1.7 per share for 2011, an increase from EUR 1.6 for 2010. For 2012 the company expects stable or slightly increased sales. 

Tuesday

Rohöl-Aufsuchungs AG (RAG), majority-owned by regional utility EVN, announced its balance-sheet profit rose to EUR 75m in 2011 from EUR 64m in 2010. Sales went up to EUR 381.1m from EUR 339.3m. Production of crude oil went down by 1.2% to 124,190 tonnes.
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Austria's annual inflation rate fell to 2.4% in March 2012 from 2.6% in February and 2.8% in January. The monthly price increase stood at 1.1%. The inflation was boosted by home costs and water and energy. The euro-zone HCPI came in at 2.7%, compared with 2.6% in February and 2.9% in January.
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Ivan Cermak, a Croatian businessman and former general, is said to be interested in the buy of the filling stations of OMV in Croatia and Bosnia and Herzegovina, Poslovni dnevnik reported. According to media reports, Russian Zarubezneft and Slovenian Petrol are also interested in the takeover.

Wednesday

Gerhard Roiss, the CEO of Austrian oil and gas group OMV, has demanded a EU-wide strategy for the development of shale gas resources. The manager pointed that the importance of shale gas on economy could be enormous.
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IT services provider TeleTrader Software AG will turn into a limited liability company (GmbH) and therefore has to delist from the Vienna Stock Exchange. The move is due to the decision of main shareholder Christian Baha.  

Thursday

Regional utility EVN said it had received a contract for the building of a drinking water treatment plant in Serbia. The order volume stands at EUR 25.6m.
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Machinery group Andritz said it had won an order from Austrian Mondi to deliver a recovery boiler. The deal volume was not disclosed.
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Bank Austria said it had issued a new covered bond (Pfandbrief) worth EUR 500m. The bond is priced at 99.465%.
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The EUR 85m-bond of motorcycle producer KTM was two times oversubscribed, Erste Group and Bank Austria said. The subscription period was therefore closed earlier.
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The supervisory board of Austrian Airlines (AUA) has decided to transfer the on-board personnel to regional subsidiary Tyrolean in a move to save costs. The transfer of the employees' contracts will take place on July 1 at the earliest and result in some EUR 45m in savings per year, the company said. The conditions stipulated in the collective agreements for Tyrolean are far less generous than those at AUA so far. 

Friday

Sparkassen Immobilien AG (s Immo) confirmed that its net profit rose ten times in 2011 to EUR 21.2m. The real estate developer plans to pay its first dividend of EUR 0.10 per share for 2011. The company sees itself well prepared for 2012 despite possible economic challenges.
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Fire-fighting vehicle maker Rosenbauer said that it plans to pay unchanged dividend for 2011 despite a 20% fall of its net profit. The company said it is optimistic for 2012 in view of its excellent order backlog.
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Raiffeisen Zentralbank (RZB) announced it plans a capital increase of EUR 840m in a move to improve its core capital ratio. The bank wants to buy back the issued between 2008 and 2011 participation capital.
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Refractory material maker RHI plans to reduce its annual costs by between 2% and 2.5% and thus to raise its profitability. Savings will be implemented in the field of administration and production.
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update software AG posted a net profit of EUR 122,000 for 2011, compared to a loss of EUR 4.7m a year earlier. Revenues grew by almost 15% to EUR 31.7m. The management is cautiously optimistic for the current year. 

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