сряда, 4 април 2012 г.

Austrian Economic News - Week 26 March -1 April

Monday

Real estate company Immofinanz AG said its net profit went up 17.5% to EUR 269.4m in the first three quarters of fiscal 2011/12, slightly missing analysts' expectations. Rental income went up 3.4% to EUR 437.3m.
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Best Water Technology (BWT) said its net profit for 2011 decreased by EUR 9.1m to EUR 13.6m. The dividend will be reduced to EUR 0.28 per share from EUR 0.40 a year earlier. Sales went up 3.9% to EUR 478.9m. The 2011 figures were pushed down by high investments. For 2012 the firm expects higher sales and unchanged earnings due to bigger advertising spending.
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Telekom Austria issued a bond worth EUR 750m on Monday. The bond, with a maturity of ten years, bears an interest rate of 4%.

Tuesday

Austrian beer and water group Ottakringer said its earnings remained stable at EUR 13.85m for 2011. Sales went up to EUR 217.6m from EUR 165.16m for 2010. However, the 2010 results did not include the figures of brewery Pecs and beverage wholesaler Kolarik & Leeb. Ottakringer is relatively optimistic for 2012.
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Refractory material company RHI said its net profit went up 15.5% to EUR 120.8m for 2011. Sales increased 15.5% to EUR 1.76bn, according to the firm's final results for 2011.
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Steel group voestalpine announced it had approved its new corporate structure. It had united its divisions Automotive and Profilform into Metal Forming. Now the company will have four divisions instead of five.  

Wednesday

Eco Business Immobilien AG, owned by sector player conwert, said it registered EBIT of just EUR 1.8m for 2011, down from EUR 32.2m for 2010 due to a considerable downsizing of its portfolio. Revenues stood at EUR 116.4m. The company is to wind down its portfolio completely in the next two to three years.
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Real estate company Conwert said it plans to carry out a capital reduction and thus to free EUR 426.8m in capital. Shareholders will get EUR 0.15 as bonus from the move. The company plans also a bond to be issued to retail clients in the summer.
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Despite high Greece-related write-downs and write-offs in Ukraine, Kazakhstan and Russia of over EUR 1bn in total, Bank Austria ended 2011 with a net profit of EUR 209m. The bank, which is the subsidiary of Unicredit for Austria and CEE, booked a profit of EUR 709m for 2010.
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Crane maker Palfinger has selected the site for its new headquarters in Salzburg. Due to the expansion of its activities, the firm needs to relocate to new premises.

Thursday

Raiffeisen Bank International said Thursday it plans to pay unchanged dividend of EUR 1.05 per share for 2011. RBI posted a net profit of EUR 968m for 2011, down 11%.
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Machinery group Andritz said it had received an order from German ThyssenKrupp. Andritz will deliver equipment for the plant in Krefeld.
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Rubber specialist Semperit said its sales went up 18.9% to EUR 820m in 2011. Net profit grew 19.2% to EUR 54.1m. The company plans a dividend of EUR 0.80 per share, down from EUR 1.25 a year earlier. The company did not give a concrete outlook for 2012.
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BDI - BioEnergy International said its net profit rose 11.9% to EUR 4.2m for 2011. Sales went down 13.1% to EUR 34.7m. Dividend payment was set at EUR 0.25 per share. The company plans to expand the scope of its business in the medium-term.
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Vienna Insurance Group will raise its 2011 dividend to EUR 1.10 from EUR 1. The company booked a net profit of EUR 406.8m, up 7.1% on the year. Premium income grew 3.4% to EUR 8.884bn,
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Online bookmaker bwin.party booked a loss of over EUR 400m for 2011, compared to a profit of EUR 85.7m a year earlier. The results were burdened by impairment costs of EUR 408.7m. The company was established after the merger of Austrian bwin and UK PartyGaming last year.
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Andritz said it had bought US Bricmont, a producer of furnaces for the industry. The purchase price was not disclosed.
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Wifo and IHS have confirmed their 0.4% and 0.8% respective forecasts for the growth in Austria's GDP for 2012. The outlook for 2013 was however reduced to 1.4% (Wifo) and 1.7% (IHS).
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Packaging specialist Mayr Melnhof said it will close down its plant in Liverpool. The plant employs 109 persons.
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Industrial group Frauenthal Holding said its net profit fell 21% to EUR 13.7m in 2011. The company will pay a dividend of EUR 0.10 per share, plus a bonus of EUR 0.20. Sales increased 9% to EUR 587.9m. Frauenthal expects decreases in sales in the automobile sector for 2012 but sees growth in its other business fields.
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Troubled IT services provider S&T said its 2011 net loss was reduced to EUR 19.2m from EUR 48.7m in 2010. Sales decreased to EUR 265.9m from EUR 265.9m. For 2012 the management sees a sales fall of about 15%.
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US Century Casinos, listed in Vienna, said its net revenues went up 17% to USD 70.9m in 2011 due to a rise in visitors number. Net profit grew to USD 3m from USD 1m.  

Friday

Motorcycle maker KTM is to issue a bond worth EUR 75m. The bond will have a maturity until 2017.
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Austria's unemployment rose by 4.4% year-on-year to 263,774 in March. Under the country's own calculation, the unemployment rate came in at 7.1%.

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