Cellulose fibre maker Lenzing AG raked in more than one billion Euros in the first nine months of this year.The company said today (Tues) that its turnover soared from 885 million Euros in the first three quarters of 2009 to 1.29 billion Euros in the same time period of this year.The firm, which is based […]
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 […]
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 […]
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 […]
Car industry supplier Polytec is considering laying off staff despite a rise in earnings and turnover.The Upper Austrian company, which has its headquarters in Hörsching near Linz, said today (Weds) that company turnover rose by 26.9 per cent to 550.2 million Euros year on year in the first nine months of 2010.Polytec added earnings before […]
Siemens AG boss Peter Löscher will be awarded WU Manager 2010, Viennas University of Economics and Business (WU) has announced.The university said about the Austrian today (Weds): “Löscher has managed to combine successful long-term management operations with a high level of social competency.”The Villach-born businessman, who has headed the German IT company for three years, […]
Red Bull Racings profits before taxes were up more than six-fold year on year in 2009, according to British media.The Daily Telegraph reports today (Mon) that the British Formula One (F1) team which is financed by Austrian energy drinks producer Red Bull increased to 4.6 million Euros from 2008 to 2009.The newspaper also […]
Carinthian machine and packaging manufacturer Hirsch Servo AG managed to reduce its losses in the past business year.The company said today (Fri) it suffered net losses of 6.2 million Euros in the 2009/2010 business year, down by 4.5 million Euros year on year.Hirsch Servo, which managed to keep its turnover stable at around 86 million […]
Notebook producer Quanmax has managed to raise its equity in the first three quarters of this year.The Upper Austrian company, which was formerly named Gericom, announced today (Thurs) that its equity soared from 18.1 million Euros in December 2009 to 32.7 million Euros. This amount means the firm currently has an equity ratio of 52 […]