ALPINE bonds break to media reports, a considerable loss
As the Austrian news magazine profil (online) writes that an audit by KPMG revealed that 300 million euros, 400 million euros may also need to be written down in the 2012er balance. The profile report suggests that a negative EBT of EUR 263 million is expected ALPINE Bau GmbH as at end-June from negative equity.
opinion ALPINE: Referring to a report by online profile keeps on the economic situation of the ALPINE Group ALPINE Holding firm: In light of the difficult economic environment, especially for the construction industry in South Eastern and Eastern Europe, the ALPINE Holding at the beginning of this year, a change program titled "ALPINE 2015
" initiated. In order to provide full transparency, in the course of a renowned business consultant was contracted to complete work-up and evaluation of the situation. This process has brought about a situation of the risk at the reporting date on days that do not open fully in losses must. Different scenarios are described in the report, which was presented to the Supervisory Board, to show how management intends to deal with the given situation. The current online report addresses only one of these scenarios. Moreover, the reorganization of the company along the program "ALPINE 2015" elaborated on the business plan. In it, measures to ensure the sustainable development are planned. were initiated all necessary steps to deal with the difficult situation. The owner has pledged his full support, liquidity is adequately secured. Austrian construction company Alpine, part of the Spanish FCC Group is expanding internationally roads, highways, tunnels, power plants, stadiums, railway and subway systems, bridges, residential , commercial and industrial installations. With the daughter of ALPINE-ENERGIE the establishment and development of sustainable, alternative energy sources and of energy networks is forced. 2011, the construction output was 3.6 billion euros.