DO&CO serves up tasty Q1 figures

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Business

Viennese caterer DO&CO managed to raise earnings and turnover in the first quarter of its 2010/2011 business year (1 April to 30 June).The firm said today (Thurs) turnover had jumped by 15.6 per cent to 102.13 million Euros year on year, while earnings before interest and taxes improved from 3.44 million Euros to 4.81 million […]

T-Mobile turnover shrinks despite more clients

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Business

T-Mobile Austria suffered a decline in turnover in spite of more customers in the first half of this year.The company – the second-biggest mobile services provider in Austria after Mobilkom Austria – said today (Thurs) that turnover edged down by 5.9 per cent between January and June of 2010 compared to the same time span […]

OMV earnings bubble over

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Business

OMV managed to raise earnings and turnover in the first half of this year.The Vienna-headquartered oil and gas firm said today (Weds) turnover soared by 31 per cent to 11,015 billion Euros compared to the first six months of 2009. Analysts expected the company’s turnover to increase by just 25 per cent year on year.The […]

Seidel Elektronik staff figure reaches record high

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Business

Styrian electronic products manufacturer Seidel Elektronik said it hoped for pre-crisis business figures for this year as it employs more staff than ever before despite difficult economic circumstances.The Deutschlandsberg-based firm said today (Thurs) that with 342 now on its books, it currently had more employees than ever, adding that it was currently looking for additional […]

Top Vienna eatery shuts over debts

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Business

One of Vienna’s most famous restaurants is set to shut down with bosses of the “Drei Husaren” eatery filing for bankruptcy.Tanja Schartel of the Federal Creditors’ Protection Association (KSV 1870) said today (Fri): “The closure is scheduled and staff have been informed about their dismissal.”Uwe V. Kohl GmbH & Co. KG, the managers of the […]

Austrian textiles industry stitches its wounds

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Business

The Austrian textiles industry is hoping for better times ahead after registering a dramatic decline in turnover last year.Official figures presented today (Fri) show the industry was confronted with a 20 per cent year on year drop in turnover in 2009 to 2.05 billion Euros. Statistics also show that the number of staff employed in […]

Cooperation opens Slovenian market window for Stabil

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Business

Styrian window producer Stabil hopes to become a main player in former Yugoslavian countries after teaming up with a Slovenian competitor.Stabil boss Dieter Manz said today (Thurs) his firm would closely cooperate with MIK who sell around 100,000 of its products in Slovenia and Croatia every year.Manz said the partnership would give Stabil the chance […]

Wiberg 2009 turnover spiced up despite crunch

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Business

Spice producer Wiberg had a record turnover last year despite reducing the number of staff, it was announced today (Weds).The Salzburg firm said it managed to increase its annual turnover by two million Euros year on year to 122 million Euros despite the ongoing economic crisis in 2009. The number of employees meanwhile declined from […]

CEE economies and expensive hazelnuts hurt Manner

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Finance

Central and Eastern European (CEE) economies in trouble and expensive hazelnuts are hurting Viennese sweets producer Manner financially.The firm reported today (Weds) that its turnover declined by 6.7 per cent year on year to 35.8 million Euros in the first quarter of 2010. Turnover declined substantially in Slovenia, Hungary and Croatia and also fell in […]

Fairtrade Austria hopes for 2010 two-digit turnover rise

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Business

Austrians spent more on Fairtrade products year on year in 2009 and bosses expect another two-digit rise this year.Fairtrade Austria chief Hartwig Kirner said today (Weds) Austrian supermarkets made 72 million Euros with products of the international certification’s range last year, 10.8 per cent more than in 2008.”We expect another double-digit increase in turnover this […]