Franz Gasselsberger has ruled out an engagement of Oberbank in Eastern Europe (EE). The Linz-based finance institute runs some branches in the Czech Republic, Slovakia and Hungary but concentrates on activities in Austria and Germany. Now its CEO said the plan was to continue “to grow in an organic way”. Gasselsberger told the Kurier: “We […]
Austria’s biggest aviation company will not be back in the black by the end of the year, managers have confirmed. Austrian Airlines (AUA) – co-chiefs Peter Malanik and Andreas Bierwirth said today (Thurs) – achieved a profit in the third quarter but suffered a loss so far this year nevertheless. They explained that AUA’s loss […]
Crane manufacturer Palfinger AG has said it plans to get busier in Russia and China as its turnover and profit increased in the first half of this year. The Salzburg-based company announced today (Weds) its turnover shot up by 39.3 per cent from the first six months of 2010 to the same period of 2011 […]
Former Hypo Group Alpe Adria (HGAA) boss Wolfgang Kulterer has had his custody extended.Klagenfurt prosecutors announced today (Mon) they decided to extend the bankers detention over fears he might flee and try to cover up potential crimes previously carried out by him in connection with the near collapse of HGAA.Kulturer was arrested on 13 August. […]
Vienna Insurance Group (VIG) reported increased profit today (Thurs).The company announced net profit had risen by 9.2 per cent from the first six months of 2009 to 194.4 million Euros during the same period this year. Profit before taxes jumped by 11 per cent to 255.6 million Euros, it added. Analysts had expected profit before […]
Austrian Erste Group’s Romanian subsidy Banca Comerciala Romana (BCR) had a decline of 26.4 per cent in net profit in the first quarter of this year, according to company data released today (Fri).Net profit amounted to 58.7 million Euros, down by around 26.4 per cent compared to the first quarter of 2009.The reason was much […]
Turnover improved last year for Styrian software and computer game producer JoWooD Entertainment AG, the company reported today (Fri).The firm said its net profit had risen by 50 per cent from 1.005 million Euros in 2008 to 1.504 million Euros in 2009.Earnings before interest and taxes (Ebit) rose by 24.8 per cent year on year […]
OMVs 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, Romanias largest oil company, had turnover of 3.13 billion Euros in 2009, down by 23 per cent from 4.08 billion Euros the previous […]
Austrian oil and gas producer OMV reported today (Thurs) that its net profit had declined by 58 per cent year on year to 572 million Euros in 2009.Turnover fell by 30 per cent year on year to 17.92 billion Euros last year. Analysts had expected a decline of 26.5 per cent in turnover and 65.2 […]