• croatiantimes.com
• romaniantimes.at
• salzburgtimes.at
• viennatimes.at
• austrianindependent.com

Today

• Vienna - VESCC English Catholic Mass
• Vienna - Unknown Underground
• Vienna- January and February at the Austrian Film Museum
• Vienna - Art by Petronilla Hohenwarter.
• STOMP at the MuseumsQuartier

© Orange

17. 03. 10. - 13:00

• more Business news
• RSS Feed Business

17. 03. 10. - 13:00

Future bright as Orange doubles net profit

Austria’s third largest mobile services provider France-Telecom subsidiary Orange reported today (Weds) a net profit of 35.7 million Euros in 2009, twice as much as in 2008.

The firm’s earnings before interest, taxes, depreciation and amortisation (Ebitda) rose from 167 million Euros in 2008 to 182 million Euros in 2009, and its Ebitda margin went up from 28.1 per cent to 32 per cent.

Orange’s turnover went down by 3.8 per cent year on year to 569 million Euros last year, and the number of its customers rose by seven per cent year on year to 2.19 million.

Firm chief Michael Krammer said consolidation of the mobile phone sector would make sense but declined to say whether Orange was interested in acquiring the smallest company in the Austrian market, "3," or in a merger with T-Mobile, as had occurred in the UK.

He did note, however, that Austrian market leader Mobilkom was behaving "very aggressively" in the area of pricing. It remained to be seen, he added, how long the price war that had begun in the third quarter of 2008 would continue.

Krammer, who gave his employees a job guarantee despite recession in each of the past two years, said he wanted to keep their number no higher than 800. He added his team would try to come up with innovative products for small businesses and present a 42-Mbit/s network at the end of 2010 that was being tested in Wiener Neustadt, Lower Austria.

He said that faster networking would help manage exploding data volume in mobile-telephone use. He noted use of the iPhone by 120,000 customers had helped cause data handled by Orange to double within one year.

Krammer also said he wanted to partner with another firm in bringing more applications to the market.

Austrian Times

Related articles: EU

1. Price check confirms AUA staff's friendly fire complaints

   » Business 2012-02-09

   Austrian Airlines (AUA) employees’ representatives feel confirmed in their criticism of Lufthansa as a price check reveals that the Viennese airline’s German mother company offers cheaper connections.

2. Pühringer rejects U-turn on rightist ball

   » General News 2012-02-09

   Young Social Democrats (SPÖ) have appealed to Upper Austrian Governor Josef Pühringer not to attend the Burschenbundball in Linz this Saturday.

3. WKO boss wants pension age hike incentives

   » Business 2012-02-09

   Federal Economy Chamber (WKO) President Christoph Leitl has identified attempts to raise the average retirement age as the key issue regarding Austria’s budget.

more related articles tagged "EU"

Related articles: business boom

1. Austria registers decrease of business bankruptcies

   » Travel 2012-02-08

   The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.

2. Austria registers decrease of business bankruptcies

   » Business 2012-02-08

   The number of Austrian business bankruptcies is in decline despite increasingly difficult economic circumstances in Europe.

3. Satek snatches Zielpunkt

   » Business 2012-02-08

   A German businessman has taken over Zielpunkt.

more related articles tagged "business boom"

Set up tax on financial transactions soon, says Katzian
The head of the Association of Private Employees (GPA-djp) has called for a quick introduction of a tax on financial transactions.

Pühringer rejects U-turn on rightist ball
Young Social Democrats (SPÖ) have appealed to Upper Austrian Governor Josef Pühringer not to attend the Burschenbundball in Linz this Saturday.

FPÖ under fire after trip to Grozny
The Freedom Party (FPÖ) has been harshly criticised for meeting with Chechen President Ramzan Kadyrov.

WKO boss wants pension age hike incentives
Federal Economy Chamber (WKO) President Christoph Leitl has identified attempts to raise the average retirement age as the key issue regarding Austria’s budget.

Woman and child run over in Vienna
A woman and child have died in a road accident in Vienna, Austria. The lorry driver was making a right turn when he drove into a group of pedestrians leaving a 59-year-old and a 12-year-old dead. The mother of the school girl was left with serious injuries.

Schlecker says Austrian jobs are safe
The son of Schlecker founder Anton Schlecker has claimed that the company has no plans to sell its Austrian affiliate.

SPÖ sees smaller parliament as key signal
The general secretary of the Social Democrats (SPÖ) has argued his support for a reduction of the size of the parliament.

Austrian food to feature in organic trade fair
Austria is expected to be well represented at next week’s BioFach 2012 international organic trade fair in Nuremberg, Germany. Some 90 companies and organisations from the Austrian organic good sector will feature at the fair from 15 to 18 February.

Brothel for the homeless in Vienna
Homeless people are queueing up for free rooms in an Austrian brothel after owner Peter Laskaris said it would be unfair not to do everything he could during the current cold spell.

Deep-freeze snacks for orangutans in Schönbrunn
The lucky orangutans who take up residence in Europe’s oldest zoo have been indulging in a twice weekly take-away. Despite the trees in Schönbrunn Zoo in Vienna, Austria now being completely bare the fury friends have fresh branches and leaves delivered twice a week.