Some of Austrias most prestigious hotels may get a new owner in the near future, according to reports by business media.Weekly magazine Format claims today (Fri) Hotel Sacher boss Elisabeth Gürtler has signalised interest in taking over Hotel Bristol. Both the Sacher and the Bristol are five-star establishments situated in the city centre of Vienna. […]
Construction sector giant Porr AGs 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 […]
Verbund AG has achieved a better turnover and higher earnings.The company Austrias busiest energy provider said today (Thurs) its turnover rose by 13.8 per cent to 917.7 million Euros from the first quarter of last year to the same period of 2011. The firm added that earnings before interest and taxes (Ebit) jumped […]
Arnold Schwarzenegger may return to the big screen in his most famous role, according to Hollywood media.Showbiz news websites report today (Thurs) that the Austrian-born movie legend who acted as governor of California until last January considers starring in the fifth part to the “Terminator” action film series.Schwarzenegger, 63, took a leading role […]
A leading Russian bank may take over struggling Volksbank AGs (ÖVAG) international operations department.Russian business newspaper Vedomosti reports today (Weds) that Moscow-based Sberbank was in the final stage of negotiations with ÖVAG about the acquisition of a 51 per cent interest in VBI (Volksbank International). The daily cites sources close to Sberbank’s top management saying […]
Telekom Austria AG (TA) has been given more time to improve its offer to take over a leading Serbian mobile services firm.The Serbian government which holds 80 per cent in Telekom Srbija said yesterday (Tues) it decided to give TA the chance to increase their takeover bid until 3 May.The Viennese telecommunications provider […]
Martin Schlaff plans to get rid of his stake in technology and fireproof products manufacturer RHI AG, according to reports.Business magazine Trend claims today (Mon) that the Austrian billionaire wants to sell his interest to Brazilian Magnesita Refractories SA (Magnesita), one of RHIs main rivals.Schlaff, who started investing in RHI four years ago, currently holds […]
Götzis-based clothes producer Huber Holding AG (Huber) has managed to achieve a higher turnover and earnings last year than in 2009.The Vorarlberg company said today (Mon) its turnover rose by 3.8 per cent to 101.3 million Euros, while earnings before interest and taxes (Ebit) soared from 2.7 million Euros in 2009 to 4.7 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 […]
Energy sector giant Verbund AG has suffered a turnover decrease.The Viennese firm, in which the Republic of Austria holds a 51 per cent interest, said today (Weds) its turnover shrank by five per cent to 3.3 billion Euros in 2010. Verbund added that its earnings before interest, taxes, depreciation and amortisation (Ebitda) declined by 15.4 […]