Austrian Times RSS FeedsLike the Austrian Times Facebook page!Follow us on Twitter!


Events for September
M T W T F S S
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 1 2 3 4 5
Add your event FREE

Today

Videos


BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria


Cosmo&Nanu

Stock exchange listed firm bene replaced directors

The stock exchange listed office furniture company Bene has replaced directors Frank Wiegmann and Dr. Wolfgang Neubert after staging an extraordinary general meeting shortly before Christmas.

The firm, listed on the Vienna stock exchange and based at Waidhofen an der Ybbs has replaced the two with Mag. Rudolf Payer (52) as the new CFO , who was formerly with Price Waterhouse Wien and GiroCredit and new COO is German born Michael Feldt (44) , formerly with Apple and IBM in America.

According to the report on presstext (http://adhoc.pressetext.com/news/20121217006) the Chairman of the Board of Directors Manfred Bene said: "If we increase our turnover by 16.2% over the previous year, but income still continues to worsen then something is being done wrong.

"As a result, the board has decided to go ahead with this change in management with immediate effect. I'm confident that with our strong position in the market, our excellent service facilities and network and our innovative products that we will be able to achieve a turnaround next year."

As earlier reported the listed office furniture producer grew in all segments in the first three quarters of 2012/13 and the company’s turnover rose 16 per cent to 159.3 million Euro. In spite of this rise, the net result for the period was a loss of 7.8 million Euro for the company. When added to last year’s loss of 4 million Euro this means that the company has slipped further into the red.

There could be several explanations for the negative figures. For one, Bene invested in distribution and logistics and opened up new markets in Asia.

The company also experienced a fall in profit from retail business and day-to-day business which they had not anticipated. In the third quarter, Bene sold their products too cheaply and the company also invested more in the development of new products such as dividing screens for large office rooms.

Bene AG employed 1,380 workers at the end of October 2013, which is 4.5 per cent more than last year.

Austrian Times


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


Cosmo and Nanu
ORF Watch

Tag cloud:
slipped  Euro  products  rsquo  presstext  grew  listed  spite  innovative  directors  stock  business  Bene  furniture  exchange  invested  turnaround  turnover  loss  quarters

Latest News

 

Pat On The Back From Manure Explosive
A traffic cop in Austria got more than he bargained for after a booby trap covered him head-to-toe in manure as he was trying to catch people speeding.

Viennese Jihad Girl May Have Been Killed
Austrian police say that one of the two attractive young teenage girls who fled the country to go to Syria to fight on the side of Islamic rebels may have been killed.

Perversion of a Medical Dream
The Decline and Fall of the Otto Wagner Hospital, Vienna.

Fat Can Be Used To Burn Off Weight After New Patent Unveiled
It is being hailed as a sensation after scientists at an Austrian university patented a method that transforms fat storing cells into mini factories capable of actually destroying fat by burning it off.

Three Family Members Dead In Well Tragedy
A mother has lost her husband, her pregnant daughter and her son-in-law after a tragic accident where one of them fell into a well and the other two died while trying to carry out a failed rescue.

Brit Soldier Rescued After Climbing Mountain In T Shirt
A British soldier who tackled the frozen Austrian Alps wearing just shorts and a T-shirt has been rapped by officials after he had to be rescued from the snowy peak.

Mum And Daughter Struck By Lightning In Pool
A mother and her daughter were hospitalised after they were struck by lightning in a swimming pool.

Police Nab Porn Star Who Filmed In Local Church
A woman accused of making a porn movie in a local church has been caught after an informant tipped off police that he recognised her by her breasts after an appeal for information.

Young Hip Hop Dancer Gets 18 Years For Drug Smuggling
A blonde hip hop dancer and charity worker promised an international career after she was spotted by a talent scout has been jailed for 18 years in Indonesia after her work offer turned out to have been part of an elaborate drugs con.

Teen Dying Of Cancer Killed At Charity Event After Ride In Porsche Goes Wrong
The family of a sick boy who was offered a trip in a high-performance Porsche because he was dying of cancer is suing the charity after the Porsche he was travelling in crashed head-on into oncoming traffic.

 


Mala Vrata

The most popular stories –
last 7 days



Don't moan alone, the Ombudsman Investigates.

Why suffer in silence. Let off steam by letting our readers share your troubles. File your complaints about anything and everything here.

Our ombudsman David Rogers will try and help solve some of the problems from lazy civil servants through to incompetent companies – and at the very least the worst transgressors will end up in our weekly special report.


Austrian Zimmers