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


Events for April
M T W T F S S
31 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
Add your event FREE

Today



BurgKino

Pub Quiz everyTuesday at Johnny's Pub

Popular in Austria

Cosmo&Nanu

Cosmo&Nanu

Stock exchange listed firm bene replaced directors

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!




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


Latest News

 

Pink Easter bunny helps Vienna art world pay tribute to Dürer
The Viennese art world has created its own version of the Easter Bunny – by making a giant sized sculpture of the famous Albrecht Dürer painting currently on display until 29 June as part of the exhibition "Dürer, Michelangelo, Rubens"

Pressure Group To Tackle Victims Of Austrian Officialdom
A group of businessmen fed up at the way companies are being squeezed not only by red tape but also by ever newer taxes have taken to the Internet to try and build up pressure for change.

First Hotel in Millstatt Celebrates 130th Anniversary on Summer 2014
Luxury hotel See-Villa in Millstatt, Carinthia opens its doors anew to welcome the 2014 summer season and celebrates its 130th founding anniversary in Austria's summer capital.

Austrian Teen Girls Become Pin Ups For Syrian Jihad
Interpol is searching for two Austrian teenage girls who they believe have been tricked into going to Syria to fight on the side of Islamic rebels.

As seen at Haydn Kino: The Amazing Spider-Man 2
Film review by Kostyantyn Steblovskyy

Schools Ordered To Save, But Also To Buy Expensive Scales
Austria's embattled finance ministry has been dragged into a new scandal after it emerged that at the same time as demanding schools save 57 Millionen Euros, they were also expected to find an additional 3 million to buy an approved set of weighing scales.

OAP Hunts Down THIS Hit And Run Cyclist
Does anyone recognise this cyclist? If so you can get yourself 200 euros, and do a good deed in the process.

Property price rise continues
The price of property in Vienna has now spiralled so much that every 4th apartment comes with a price tag of 500,000 or more. And every second flat costs 300,000 or more.

Free Staff For One Person Companies - But Only In NÖ
Since the beginning of the year one-man-companies, the so called "Ein-Personen-Unternehmen" in Lower Austria have been entitled to help in the form of a free assistant.

What is on at Burg Kino this week? (18 April - 24 April)



This week at the Burg Kino on the Opernring the following films are showing:





 


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