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21st Austria weekly - Austrian Post (12/03/2021)


14.03.2021
Austrian Post:  Austrian Post Group revenue rose by 8.3 % to Euro 2,189.2 mn in 2020. This revenue increase can be attributed to the good development in the parcel business (+44.4 %): while the Mail Division registered a disproportionately drop in revenue of 7.4 % related to COVID-19, the Parcel & Logistics Division managed to record further volume gains in the Austrian market (parcel volume +30 %), in South East and Eastern Europe (parcel volume +27 %) as well as in the newly consolidated Turkish market (parcel volume +37 %). In terms of earnings, a good fourth quarter also enabled the company to end 2020 on a conciliatory note. EBIT in 2020 amounted to Euro 160.6 mn, down by 19.9 % from Euro 200.6 mn in 2019. The start-up costs of bank99 in the Retail & Bank Division, which was launched in April 2020, accounted for a substantial share of the decline. On the basis of Austrian Post s solid performance and balance sheet strength, it will be proposed to the Annual ....

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21st Austria weekly - Strabag, Frequentis, Kapsch TrafficCom, Valneva (11/01/2021)


17.01.2021
Strabag: The Hungarian subsidiary of European-based construction group Strabag has been awarded a new infrastructure contract in Hungary with a volume of Euro 245.58 mn. The S-D 2020 M6 consortium, consisting of STRABAG Építő Kft. (50.12 %) and Duna Aszfalt Zrt., will complete the 20 km gap of the M6 motorway between Bóly and Ivándárda on the Croatian border. The project is scheduled to be completed within 36 months. “Closing this gap creates a new border crossing with Croatia as part of the Hungarian motorway network. This will significantly reduce the travel time for international passenger and road freight traffic,” says Strabag CEO Thomas Birtel. ....

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