Monday , September 26 2022

Bavag could significantly increase his profit this year


Bavag could significantly increase his profit this year

VIENNA. The Bavag group, which has been on the stock exchange for one year, managed to increase its net profit by 9.2 percent to 327 million euros in the first nine months of 2018, the bank said yesterday.

In the first quarter of 2019, Bavag moved to his new headquarters. 1,400 employees move to an office tower near the central station in Vienna. You are in the plan of time and budget for this move.

Engagement that half of the profit is distributed each year as a dividend, yesterday confirmed CFO Enver Siručić.

With the end of a long-standing post-sales partnership, withdrawal from the post office is linked. The company sold 85 percent by the end of the third quarter, Sirucic said. In the new presentation, Bavag has now reinstalled new branches. In mid-October she opened that branch in Modling.

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