UNIQA prepares capital increase

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Business

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 […]

Strabag turnover soars thanks to EE

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Business

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) […]

Porr issues profit alert

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Business

Austria’s third-biggest construction company has warned its shareholders of potential losses. Porr AG announced today (Thurs) it might suffer a loss of 70 to 80 million Euros before tax by the end of this year. The firm said it was challenged by write-offs in Eastern European (EE) countries like Hungary and Romania where state-owned institutions […]

Strabag snatches Oman order

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Business

An affiliate of Strabag SE has achieved a multi-million Euro assignment in Oman. The Austrian construction company said yesterday (Thurs) its Arabian subsidiary company would build a new port in Duqm, a port city in Oman, for 150 million Euros. The deal features the construction of numerous shipyards but also main roads, Strabag explained, adding […]

Strabag snatches Möbius

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Business

Austrian construction company Strabag SE has taken over a port and hydro power and building technology specialist in full. The Vienna-based firm acquired a 70 per cent interest in Josef Möbius Bau AG (Möbius) four years ago. The company, which has its headquarters in Hamburg, carried out projects worth 150 million Euros in 2007, according […]

Strabag boss rules out further Swiss takeovers

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Business

The head of Austrian construction sector top dog Strabag SE has rejected claims it was aiming for more acquisitions in Switzerland. Hans Peter Haselsteiner said today (Thurs) his company would not launch another attempt to take over Implenia. Strabag – Austria’s biggest building company – previously tried to grab a majority share in the firm. […]

Strabag bags record order in Romania

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Business

Strabag SE has said it hopes to win more Romanian roadwork assignments after being engaged to build a motorway for more than 160 million Euros.The Viennese company announced today (Weds) it saw good chances to get further orders in the Eastern European (EE) country after agreeing about the construction of a 24-kilometre (km) stretch in […]

Strabag set to get busier

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Business

Strabag SE has said it hopes to be engaged in activities worth 14 billion Euros in 2011, more than it predicted earlier this year.The construction company said today (Tues) it was optimistic about the current year due to a strong first quarter. Strabag, which has its headquarters in Vienna, added that it saw chances to […]

Strabag in German wind power bid

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Business

Building industry top dog Strabag SE is to get involved in a major wind energy project.The Vienna-based company – Austria’s biggest construction firm – said today (Tues) it will cooperate with project leader Northern Energy Projekt GmbH in the endeavour. The German holding will set up around 850 offshore wind power stations in the North […]

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 […]