Energy producer EVN AG has finalised its capital increase.The Lower Austrian company, which is listed on the Vienna Stock Exchange (WBAG), said today (Mon) it expected proceeds from the move to be around 180 million Euros.The Lower Austrian government is the main stakeholder in the Maria Enzersdorf-based firm with a 51 per cent interest.German energy […]
A motorist association has called on the government to interfere in the Austrian mineral oil industrys price determination.Arbö criticised today (Mon) that one litre of regular car fuel was 4.5 Eurocent cheaper at a petrol station in Germany than at a station in the adjacent Austrian province of Salzburg despite higher mineral oil taxes in […]
Bakery chain Ströck is investing more than 10 million Euros in its production facilities.The company said today (Fri) that it had started improving and expanding its factories with an 11 million Euros investment.Ströck is one of the biggest bakery companies in Austria and especially strong in the Vienna region where it is competing with Anker, […]
Abrasives producer Tyrolit has said it expects to rake in a turnover this year of half a billion Euros.The Schwaz-based company, a subsidiary of crystals maker Swarovski, announced today (Fri) it was confident to increase its annual turnover by 25 per cent to the 500 million Euros mark this year.Tyrolit explained it had registered a […]
Technology firm High Tech Industries AG (HTI) is back in the black.The company headed by Peter Glatzmeier said today (Thurs) its earnings before interest and taxes (Ebit) were 3.3 million Euros in the first three quarters of this year. HTI suffered losses of 21.4 million Euros in the same period of 2009.Its earnings before interest, […]
Businesses in Vienna expect significantly more than 300 million Euros of turnover this Christmas, according to research.Brigitte Jank, head of the Viennese Economy Chamber (WKW), said today (Thurs): “We are convinced to do well this Christmas.”Jank explained the citys economy expected to make a turnover of 350 million Euros selling gifts ahead the upcoming festive […]
Engine producer Pankl Racing Systems AG has announced a slight drop in turnover.The company, which is based in the Styrian town of Bruck an der Mur, said today (Thurs) its turnover shrank by 1.35 million Euros year on year to 87.55 million Euros in the 2009/2010 business year which ended in September.The firms earnings before […]
Vienna International Airport (VIA) has raised its passenger figures prediction for this year as numbers continue to climb.VIA said today (Thurs) it registered 1.83 million passengers last month, up by 11.4 per cent compared to October 2009. The airport, which recorded a 13.8 per cent year on year increase in customers back in September, explained […]
Construction company Porr has started to lay off staff, new figures have shown.The Vienna-based firm, which is listed on the Vienna Stock Exchanges (WBAG) standard market auction, said today (Thurs) it had an average 11,560 employees in the first nine months of this year, down from 11,736 it had in the same period of 2009.This […]
Siemens AG employees all over the world are to receive a 310-million-Euro bonus, it has emerged.Peter Löscher, the Austrian head of the German IT and healthcare company, commented on the recent recession today (Weds), saying: “Im immensely grateful for what our employees have achieved in these difficult times.”Löscher, who has been named WU Manager 2010 […]