Open day at controversial VIA construction site

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Business

Managers of Austria’s biggest airport have decided to hold an open day at a disputed construction site.In what is regarded as an attempt to improve the aerodrome’s reputation, Flughafen Wien AG officials said today (Thurs) that the Skylink terminal building site can be visited free of charge between 10am and 5pm on 10 April.Skylink is […]

Energie Steiermark turnover climbs

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Business

Graz-based energy company Energie Steiermark AG managed to increase its turnover and earnings last year.The firm announced today (Weds) its turnover rose by 14 per cent to 1.25 billion Euros in 2010 compared to the previous year, while earnings before interest and taxes (Ebit) climbed from 49.7 million Euros in 2009 to 69.8 million Euros […]

Post AG profit jumps despite fewer letters

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Business

Österreichische Post AG (Post AG) has managed to increase its profit despite fewer letters being set in Austria.The state-owned postal services provider said today (Tues) its profit soared by 48.5 per cent to 118.4 million Euros from 2009 to 2010. Turnover however edged down by 0.2 per cent to 2.357 billion Euros.The company, which is […]

Lenzing challenged by soaring demand

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Business

Cellulose fibre manufacturer Lenzing AG is experiencing problems in meeting demand for its products.The company, which is based in the Upper Austrian town of Lenzing and quoted on the Vienna Stock Exchange (WBAG), said today (Tues) it was “sold out for eight months”.”We are currently unable to provide our customers with enough fibre,” Lenzing – […]

Hirsch Servo turnover climbs

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Business

Glanegg-based machine manufacturer Hirsch Servo AG has achieved a significant turnover increase.The Carinthian company said today (Fri) that its turnover improved by 20 per cent to 47 million Euros in the first half of the 2010/2011 business year. Its earnings before interest and taxes (Ebit) reached 620,000 Euros after losses of 2.19 million Euros in […]

Porr partners with broke Slovenian firm

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Business

An Austrian construction company has started a joint venture with a bankrupt rival, it has emerged.Business papers report today (Weds) that Vienna-based Porr AG will start working together with Slovenian building firm SCT. The new partners will try to win public tenders in the country which neighbours Austria in the south.SCT was banned from applying […]

Post – police work switch flops as many fail grammar test

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General News

Nearly half of all post office clerks applying to work for the police as part of a special labour exchange programme failed basic grammar and spelling tests, it has been announced.The federal interior ministry said today (Thurs) that 759 employees of state-owned postal services provider Post AG and mobile communication services firm Telekom Austria (TA) […]

Andritz Hydro receives orders around the world

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Business

Andritz Hydro, an affiliated firm of leading plant construction company Andritz AG, has received a string of assignments worth an overall 80 million Euros.The firm said today (Thurs) that it was contracted to deliver electromechanical equipment for new hydropower facilities in Sweden and India. Andritz Hydro added that it was asked to modernise existing plants […]

New figures confirm THI AG recovery

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Business

Upper Austrian wood company Teak Holz International AG (THI AG) is back in the black, it has emerged.The Linz-based firm, which suffered a loss of 11.8 million Euros in the 2008/2009 business year, said today (Thurs) its achieved earnings before interest and taxes (Ebit) of 3.5 million Euros in the 2009/2010 business year which ended […]

CAT oil grabs more Russian assignments

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Business

Oil and gas exploration equipment producer CAT oil AG has managed to raise its order volume in Russia.The Viennese firm, which is listed on the Frankfurt Stock Exchange (FWB), announced it received assignments from Russian oil and gas firms worth 222 million Euros as of today (Thurs), up by eight per cent year on year.”This […]