The listed Vorarlberg tights and lingerie manufacturer Wolford ended up making in the first quarter double the losses made in the same quarter last year. The deficit increased from minus €1.8 million to minus €3.2 million. In comparison with the EBIT results however turnover increased significantly by 4.1% to €33.1 million. That was due to […]
Electricity provider Verbund has sold its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
The number of pilots and stewardesses leaving Austrian Airlines (AUA) because of the upcoming pay cuts is on the rise. The works council announced yesterday (Tues) that 110 pilots and 200 stewards and stewardesses quit in the past weeks. They did so to evade the enforced salary cuts, according to staff representatives. Final figures for […]
Austrian postal services company Post AG has managed to increase its turnover and earnings. The partly state-owned firm said yesterday (Weds) it achieved a turnover of 605.7 million Euros in the first quarter, six per cent more than in the same period of 2011. Earnings before interest and taxes (Ebit) climbed by 14.4 per cent […]
Electricity provider Verbund is selling its share in the Gletscherbahn Kaprun that was responsible for the worst winter sports tragedy in Austrian history when 155 people died. The Gletscherbahn Kaprun disaster was a fire that occurred in an ascending railway car in the tunnel of the Gletscherbahn 2 railway on 11 November 2000. The disaster […]
Two of Austria’s leading construction companies had good and bad news for shareholders in the past few days. Strabag SE, the country’s busiest building firm, said it achieved a turnover of 13.7 billion Euros in 2011. This is an improvement of 11 per cent compared to 2010. The company’s earnings before interest and taxes (Ebit) […]
UNIQA Versicherungen AG (UNIQA) boss Andreas Brandstetter announced plans for a capital increase. Brandstetter said the move would be carried out later this year instead of only in 2013. He explained that another capital increase would be within the bounds of possibility for next year. He said the revenues from the measure would be used […]
An Upper Austrian food industry company has purchased a Zielpunkt stake of nearly 25 per cent. The Traun-based Pfeiffer Group announced yesterday (Thurs) it acquired a 24.9 per cent interest in its Viennese rival. The company, which concentrates on the management of supermarkets in Upper Austria, did not say how much it paid for the […]
The electronics company Media Markt wants to create a new target group out of women. In Austria the company is now testing the integration of special shopping-zones for women. Since 40 per cent of their customers are women, they want to customize the shopping experience for them as well. With theme weeks and possibilities to […]
Building and DIY chain bauMax have opened a new superstore in Cluj (Klausenburg) in Rumania. Working together with Raiffeisen-Leasing the new location was built and opened the business after just a year of building time. The new store offers 15,000 m² and is the 15th store that the company has in Rumania including one that […]