Wednesday, 23. May 2012

:: Home > Business > Christ Water sees orders up as earnings crash

M	T	W	T	F	S	S
30	1	2	3	4	5	6
7	8	9	10	11	12	13
14	15	16	17	18	19	20
21	22	23	24	25	26	27
28	29	30	31	1	2	3

Add your event FREE

Today

Polls

16. 11. 09. - 16:00

Christ Water sees orders up as earnings crash

By Thomas Hochwarter

Upper Austrian water processor Christ Water Technology (CWT) said today (Mon) order values had soared despite a dramatic slump in turnover so far this year.

Company officials said the value of orders rose by 56 per cent to 150 million Euros year on year in the first three quarters of this year, while turnover dropped 23 per cent to 107 million Euros.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) remained in the red with a minus of 2.1 million Euros but improved compared to the first three quarters of 2008 when CWT � who are about to be taken over by Canadian firm GLV � suffered losses of 4.5 million Euros.

The Mondsee-based company�s equity decreased slightly from 37 million Euros one year ago to 35.8 million Euros.

CWT boss Malek Salamor said he hoped to seal some major contracts by the end of the year, adding: "This result is disappointing considering the positive restructuring measures we have taken."

Austrian Times

Are you on Facebook? Like the Austrian Times on Facebook and win great prizes!

Your comment to this article :

(will be approved by an editor before going online)

your name
your location
your message
Not for publication:
your mail
How many vertical lines (write the number in letters please ie four not 4) or which Text (from left to right) do you see in this image:
input for security check

Tag cloud:
Water earnings slightly Malek Mondsee based Christ equity positive Euros restructuring depreciation losses turnover decreased quarters values hoped contracts Salamor

Latest News

Amb�hl at the ready for AUA affiliate
Gaudenz Amb�hl has been named new head of Austrian Airlines (AUA) Group member Tyrolean Airways.

Rebel priest deplores Church's 'leadership crisis'
A Catholic preacher who established a group of "disobedient" priests reacted coolly to Viennese Archbishop Christoph Cardinal Sch�nborn�s warnings.

Hollande's growth appeal 'nonsense', says Fekter
Austrian People�s Party (�VP) Finance Minister Maria Fekter has launched an attack on the new French president.

Best of the bookshelf in May
The Austrian Times has once again searched the book publishing market of German-speaking Europe to list some of the most interesting releases of the past weeks and months.

Salzburg tourism on the rise
The city of Salzburg is more popular than ever with tourists from all around the world new figures have shown.

Suicide Sculptures Get the Push
'Suicide' sculptures by British artist Anthony Gormley are to be removed from Alpine passes in Austria where they sparked fears of a rise in the rate of mountain rescue call outs.

SP� demands legalised street prostitution
Integration spokesperson Anja Hagenauer (SP�) has suggested that "performance boxes" should be constructed in Salzburg to allow clients to park in them and carry out their business with a prostitute.

Luxury shopping at the Kohlmarkt
The Kohlmarkt is the place to look for those luxury goods. The area is home to traditional Viennese jewellers like Wagner, Bucherer and Schullin, as well as resonant international luxury brands. Rare pieces can also be acquired at the Dorotheum auction house.

Agricultural frost damages amounting to 20 million Euro
Freezing night-time temperatures last week have caused substantial damage to farmlands throughout the country, with the largest impact in Lower Austria.

The Sch�nbrunn Palm House
The Palm House in the palace park at Sch�nbrunn in Vienna is the largest of its kind on the European continent.