Austrian Corporate & Econ News - 4 - 10 Feb

Monday

Real estate developer Immofinanz said it had sold six properties worth a total of EUR 81m. One of the objects is located in Nice and its divestment marks the exit of Immofinanz from France.
Energie Burgenland AG, which is 49%-owned by Burgenland Holding AG and 51% by the province of Burgenland, will pay EUR 17m in dividend for 2012.

Tuesday

Fibre producer Lenzing  rejected on Tuesday that it has concrete plans to build a plant in Burma. The speculations surfaced after Lenzing took part in a visit of the Chamber of Economy in the Asian country.
 
Wednesday - Nothing of interest

Thursday

Steel company Voestalpine reported a 10.2% fall in net profit to EUR 369.5m in the first nine months of its fiscal year. Sales decreased by 2.5% to EUR 8.65bn. The company retained its outlook.
Catering company Do & Co boosted its net profit by 23.9% to EUR 18.4m in the first three quarters of fiscal 2012/13. Revenues went up 22.2% to EUR 442.2m. The company registered growth in all its three divisions.
Kapsch said on Thursday it will deliver mobile radio technology for the Bulgarian railway infrastructure. The Austrian company is part of a consortium led by French Thales.
Gurktaler AG, a spin-off of Austrian champagne producer Schlumberger, will start trading on the Vienna Stock  Exchange as of Friday. This is the first IPO in Austria since November 2011.
Machinery group Andritz has received all regulatory approvals for the takeover of German Schuler without any conditions. The deal will be carried out as of March 1.

Friday

Teak Holz International reported EBIT of just EUR 10,000 for the first quarter of its fiscal year, down from EUR 1.7m a year earlier. The result was burdened by unfavourable US dollar-euro exchange rates. Revenues rose slightly from EUR 90,000 to EUR 109,000.
Austrian champagne producer Schlumberger reported external sales of EUR 176.1m for the first nine months of its fiscal year, down 6.0% in annual terms. The company said the Christmas sales were weaker than a year earlier. Schlumberger sees stable sales and earnings for full 2012/13.