Wolford facing a tight budget

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Business

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 […]

Rosenbauer’s flame less bright

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Business

Upper Austrian fire truck and fire-fighting equipment producer Rosenbauer International AG (Rosenbauer) has suffered a slight setback.The company’s earnings before interest and taxes (Ebit) declined by 15 per cent to 6.9 million Euros from the first three months of 2010 – when the firm did extraordinarily well – to the same time span of this […]

Porr still feels the crunch

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Business

Construction sector giant Porr AG’s earnings shrank by more than a fifth last year.The company announced today (Fri) that it achieved earnings before interest and taxes (Ebit) of 49.1 million Euros in 2010, down from 64 million Euros the year before.Porr argued that it has been feeling the most recent recession – which broke out […]

RHI delivered fire-proof performance in 2010, analysts say

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Business

Fireproofing products maker RHI AG’s earnings before interest and taxes (Ebit) could have been almost 150 per cent higher last year than in 2009, according to analysts.Market experts said today (Fri) that the Vienna-based firm – which will present its annual business performance figures next Tuesday – may have achieved Ebit of 134.5 million Euros […]

Warimpex succeeds across Europe

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Business

Real estate developer Warimpex Finanz- und Beteiligungs AG (Warimpex) had a good 2010, business figures presented today (Fri) confirm.The firm’s turnover climbed by 20 per cent to 102.7 million Euros year on year while earnings before interest and taxes (Ebit) were 24.4 million Euros after a loss of 71.8 million Euros in 2009.Company boss Franz […]

Strabag gets rid of Conwert stocks

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Business

Building business top dog Strabag SE has ended its participation in Viennese real estate company Conwert Immobilien Invest SE (Conwert).Strabag, which is Austria’s leading construction company, announced yesterday (Tues) that it has sold all of its 2.053 million Conwert share certificates.Conwert focuses on the acquisition and development of exclusive apartments in cities across Austria, Germany, […]

Strabag denies Sochi building work delays

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Business

Strabag SE chief Hans Peter Haselsteiner has rubbished speculations construction projects in 2014 Olympics host city Sochi are running late.The businessman’s company is just one of a string of Austrian firms which were assigned to carry out building and infrastructure projects in the Russian Black Sea resort.Haselsteiner told the Kurier newspaper today (Thurs): “We are […]

OMV Petrom 2009 profit up

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Business

OMV’s Romanian subsidiary Petrom yesterday (Thurs) reported a net profit of 334 million Euros in 2009.That was up by 34 per cent from its net profit of 248 billion Euros in 2008.Petrom, Romania’s largest oil company, had turnover of 3.13 billion Euros in 2009, down by 23 per cent from 4.08 billion Euros the previous […]