Die Korken knallen wieder
Article Abstract:
The Austrian sparkling wine company Schlumberger is satisfied with the results for the fiscal year to 31 March 1998. Although sparkling wine prices have decreased significantly in Austria, the company succeeded in increasing turnover from Sch 1.69bn to Sch 1.89bn by a strict cost management and acquisitions in Germany and Hungary. Profits on ordinary activities rose from Sch 39mn to Sch 64mn. Schlumberger has in Austria a market share of 16-20%. A problem is the French subsidiary Blanc Foussy, which saw losses of Sch 13.7mn. In the first quarter of 1998/1999, the group's turnover fell by 6%. However, Schlumberger is expecting results to improve or at least stagnate in the current fiscal year.
Comment:
Posts rise in turnover from Sch1.69 bil to Sch1.89 bil and profits on ordinary activities to Sch64 mil for year to 3/31/98
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1998
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Wirtschaftsflaute, aber kein Horrorszenario
Article Abstract:
The economic research institutes IHS and Wifo forecast Austria's gross domestic product to grow 3.4% and 3.3%, respectively, in 1998 and 2.6/2.8% in 1999. Between 1996 and 1997 the growth rate rose from 1.6% to 2.5%. Private consumption is forecast to grow 1.8/1.8% in 1998 and 2.1/2.0% in 1999, compared with 2.4% in 1996 and 0.7% in 1997. Consumer price inflation is forecast at 1.0/1.0% in 1998 and 1.2/1.0% in 1999, down from 1.9% in 1996 and 1.3% in 1997. Unemployment rate is forecast at 7.2/7.2% in 1998 and 7.1/7.0% in 1999, compared with 7.0% in 1996 and 7.1% in 1997. However, Die Presse refers to the uncertainties caused by the economic crises in Russia, Latin America and Asia.
Comment:
Austria: Economic research institutes IHS & Wifo forecast GDP to grow 3.4% and 3.3%, respectively, in 1998 and 2.6/2.8% in 1999
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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