Christian Baha is the sole owner of Austrian fund provider Superfund after co-chief Christian Halpers departure.Weekly magazine News reports today (Thurs) that Halper withdrew to open a vegetarian restaurant in Vienna later this year. Halper may have received a three-digit million-Euro amount by Baha, according to Austrian business newspapers.Baha is understood to plan managing Superfund […]
Wienerberger AG has taken over a Belgian competitor, it was announced today (Thurs).The Vienna-based company the worlds biggest producer of bricks said it acquired Heylen Bricks. The family business which has its headquarters in Veldwezelt looks back on 100 years of manufacturing bricks.Heylen Bricks has 39 employees and achieved a turnover […]
BAWAG PSK (BAWAG) boss Byron Haynes has said he will continue the current restructuring process.The former ABN AMRO CFO announced yesterday (Weds) BAWAG had to keep lowering its administration costs in the coming years.The Vienna-based institute achieved a net profit of 125.4 million Euros last year, the businessman added. It is the first time BAWAG […]
Lufthansa bosses say they see an immense potential for savings at affiliate Austrian Airlines (AUA).The German aviation giant acquired a majority stake in AUA in September 2009. Most analysts claimed at the time that the deal would save the Viennese airline from ruin.Now Lufthansa CFO Stephan Gemkow said AUA could reduce its costs by 130 […]
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 […]
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 […]
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 […]
An energy sector group and a lighting systems manufacturer are tied for first place in a survey assessing how Austrian businesses use their homepages to hire the best-qualified staff.Milan-based corporate communications consultancy Lundquist announced today (Mon) oil and gas firm OMV and Dornbirn-based Zumtobel headed the first Austrian edition of its Employer Branding Online Awards.OMV, […]
The Austrian economy is reasserting itself, new figures show.Statistik Austria announced today (Fri) the value of exports carried out by Austrian companies increased by 16.5 per cent to 109.2 billion Euros last year compared to 2009. The state agency however pointed out that 2009 figures had shown a 19 per cent decline compared to 2008.Firms […]
OMV chief Wolfgang Ruttenstorfer has made clear a retreat from Libya is not on the firms agenda.The Austrian company is one of a few firms which are still getting oil from the North African country where the troops of political leader Muammar al-Gaddafi are combating opposition groups calling for democracy.Ruttenstorfer said yesterday (Weds) OMV would […]