Österreichische Beteiligungs AG Financial Performance and Investments

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Österreichische Beteiligungs AG has a strong financial performance, with a significant increase in its equity ratio from 2015 to 2019.

The company's equity ratio rose to 37.4% in 2019, indicating a substantial improvement in its financial stability.

One notable investment made by Österreichische Beteiligungs AG is in the field of renewable energy, with a focus on solar and wind power projects.

These investments are expected to generate significant returns in the coming years, contributing to the company's overall financial growth.

Company Structure

Österreichische Beteiligungs AG has a clear and transparent company structure.

The company is organized into several business units, each with its own responsibilities and areas of focus.

The company's headquarters is located in Vienna, Austria, which is also home to the majority of its employees.

This centralized location facilitates communication and collaboration among team members.

Generaldirektoren/Vorstände

The Generaldirektoren, or General Directors, have played a crucial role in shaping the ÖIAG's direction over the years. Franz Geist held the position from 1971 to 1978, but unfortunately, he was unable to achieve his goal of establishing a clear line of authority over the autonomous individual companies.

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One notable Generaldirektor was Oskar Grünwald, who served from 1978 to 1986 and attempted to work within the limited legal framework. Hugo Michael Sekyra took over in 1986 and tried to transform the ÖIAG into a publicly traded conglomerate after the 1985-1986 state crisis.

Here's a list of the ÖIAG's Generaldirektoren from 1971 to 2022:

  • 1971–1978: Franz Geist
  • 1978–1986: Oskar Grünwald
  • 1986–1993: Hugo Michael Sekyra
  • 1994–1998: Karl Hollweger
  • 1999–2001: Rudolf Streicher and Johannes Ditz
  • 2001–2006: Peter Michaelis and Rainer Wieltsch
  • 2006–2011: Peter Michaelis
  • 2011–2012: Markus Beyrer
  • 2012–2015: Rudolf Kemler
  • 2015–2018: Martha Oberndorfer
  • ab 8. Juni 2018: Walter Jöstl (interimistisch)
  • 2019–2021: Thomas Schmid
  • Juni 2021–Jänner 2022: Christine Catasta (interimistisch)
  • ab 1. Februar 2022: Edith Hlawati

Vice Chairman

The Vice Chairman is a crucial position in the company structure. Karl Ochsner has served as the Vice Chairman since the last available information.

Gernot Blümel and Wolfgang Leitner have also held significant roles in the company. Michael Höllerer currently holds the position of Vice Chairman, alongside Karl Ochsner.

The current composition of the Vice Chairman role is worth noting. Here is a list of current and past Vice Chairmen:

  • Karl Ochsner (Stellvertreter)
  • Michael Höllerer (Stellvertreter)

Aufsichtsrat Neu Bestellt

The Aufsichtsrat is an important part of a company's structure, and it seems that there have been some changes recently.

Günther Ofner and Michael Höllerer have been reappointed as Aufsichtsräte for another three years.

Helene Schuberth is joining the Aufsichtsrat, replacing Susanne Höllinger.

The mandates of the Betriebsräte from Post and Telekom, Richard Köhler and Gerhard Bayer, have been extended by five years.

Angela Schorna is taking over for Nicole Schachenhofer in the OMV's Aufsichtsrat.

Agieren Können

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The ÖBAG will be able to act more flexibly in the future.

This is a significant change from previous constructions, where the ÖBAG was much more rigid. Now, it can buy or sell state shares as needed.

In the past, the ÖIAG and Öbib couldn't acquire additional shares without a lengthy government decision. This made them too slow to respond to threats from foreign investors.

The new ÖBAG will have a Beteiligungskomitee, which is an expert committee that will advise on potential purchases or sales of state shares. This committee will be made up of international experts, not politicians.

The ÖBAG's goal is to be directly represented in company boards and develop tools that support the country's growth, innovation, and competitiveness.

Financial Data

Österreichische Beteiligungs AG is a significant player in the Austrian financial landscape, with a strong focus on investing in the country's economy.

The company's financial data is impressive, with assets totaling €6.2 billion in 2020.

For another approach, see: Cathay Financial Holdings

Credit: youtube.com, Statement Finanzminister Magnus Brunner

Österreichische Beteiligungs AG's revenue has consistently increased over the years, reaching €1.4 billion in 2020.

The company's net profit margin has also been steadily rising, reaching 12.5% in 2020.

Österreichische Beteiligungs AG's financial stability is reflected in its low debt-to-equity ratio, which stood at 0.2 in 2020.

The company's investments have generated significant returns, with a return on equity (ROE) of 15.6% in 2020.

Österreichische Beteiligungs AG's financial performance is a testament to its effective management and strategic investment decisions.

102.000 Mitarbeiter

The Österreichische Beteiligungs AG (ÖBAG) employs a staggering 102,000 workers. This makes them a significant player in the labor market.

These employees are not just numbers on a spreadsheet, but rather people who contribute to the economy and society. The ÖBAG's workforce is a vital part of the country's economic fabric.

The ÖBAG is responsible for the most important company shares in the country, with a portfolio value of nearly 20 billion euros. This translates to approximately 2,280 euros per citizen, making it a significant asset for the Austrian people.

Company Description

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Österreichische Beteiligungs AG is a company that represents the interests of the Austrian government in strategically important investments. Its main tasks include managing and advising on investments, as well as ensuring the interests of the state are protected.

The company's core activities are centered around the benefit of the Austrian government and its citizens. As the Austrian government's core shareholder, ÖBAG aims to strengthen the country's economy and contribute to its growth. In fact, the companies in which ÖBAG is invested offer around 36,500 jobs (full-time equivalents).

Here are some key statistics about ÖBAG's performance:

  • For 2022, ÖBAG paid around EUR 1.6 billion in dividends to the Ministry of Finance.
  • In 2023, ÖBAG paid EUR 1.67 billion in dividends, and in 2024, it paid EUR 1.26 billion.

Grundlagen

The ÖBAG was established based on the Novelle BGBl. I Nr. 96/2018 to the ÖIAG-Gesetz 2000. This law outlines the goals and mandate of the Austrian government for the ÖBAG.

The ÖBAG's main objective is to represent the interests of the federal government as the owner of strategic participations. They aim to preserve and increase the value of these participations in the interest of Austria's economic and research location, and to secure and create jobs in Austria.

Explore the charming rooftops and landscape of Melk, Lower Austria, from above.
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The ÖBAG's mission is centered around creating value for the federal government and Austrian taxpayers. As the core shareholder, the ÖBAG is responsible for strengthening Austria's business location. The companies in which the ÖBAG is involved offer 36,500 jobs (full-time equivalents).

The ÖBAG's activities focus on the benefit of the federal government and Austrian taxpayers. They aim to contribute to the strengthening of Austria's business location as the Austrian core shareholder. The companies in which the ÖBAG is involved are responsible for 4% of Austria's GDP, including indirect effects.

The ÖBAG's main goals are outlined in the law as follows:

  • The ÖBAG represents the interests of the federal government as the owner of strategic participations.
  • The ÖBAG preserves and increases the value of these participations in the interest of Austria's economic and research location.
  • The ÖBAG secures and creates jobs in Austria.
  • The ÖBAG sets the strategic decisions of the owner efficiently and professionally into practice.

Tätigkeitsbeschreibung

The ÖBAG, or the Austrian Federal Property Holding, is a company that plays a crucial role in managing the country's strategic investments. It's responsible for representing the interests of the Austrian government in these investments.

The ÖBAG's main tasks include managing its own investments, advising the government on privatization, and acquiring new shares in companies. It's essentially the government's representative in the business world.

For more insights, see: Government Pension Investment Fund

Credit: youtube.com, Tätigkeitsbeschreibung der Intebit GmbH

Here are some key statistics that give you an idea of the ÖBAG's scope:

These dividends are a significant source of revenue for the Austrian government, which can be used to fund various public projects and services.

Company Data

The company data of Österreichische Beteiligungs AG can be verified through the official Firmenbuchauszug, which is provided by the FirmenABC Marketing GmbH as the official clearing house of the Republic of Austria.

The Firmenbuchauszug offers a range of information, including the company name and legal form, which is essential for business registration and verification.

You can find the company's firmensitz, or business address, in the Firmenbuchauszug, which is a crucial piece of information for anyone looking to contact or visit the company.

The Firmenbuchauszug also provides information on the company's firmenbuchnummer, or company registration number, which is a unique identifier for the company.

Here is a summary of the company data that can be found in the Firmenbuchauszug:

  • Firmenname und Rechtsform
  • Firmensitz (Geschäftsanschrift)
  • Firmenbuchnummer
  • Datum der Eintragung
  • Geschäftsführung
  • Prokura
  • Funktionsträger und ihre Vertretungsbefugnisse
  • Gesellschafter (und welche Anteile sie halten)
  • Umwandlung, Verschmelzung, Spaltung und Satzungen
  • Kapital der Gesellschaft (je nach Rechtsform)

The Firmenbuchauszug is updated in real-time and can be downloaded in PDF format for easy reference and printing.

Investments

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The Österreichische Beteiligungs AG (ÖBAG) has a diverse portfolio of investments. The company holds significant stakes in various Austrian companies, including the Österreichische Post, where it owns 52.85% of the shares.

One of the notable investments of the ÖBAG is in the OMV, where it holds 31.50% of the shares. This is a significant stake in the Austrian oil and gas company.

The ÖBAG also has a stake in the Telekom Austria Group, owning 28.42% of the shares. This investment is part of the company's broader strategy to diversify its portfolio.

Here are some of the key investments of the ÖBAG, including the percentage of shares it holds in each company:

  • 31.50% of OMV
  • 52.85% of Österreichische Post
  • 28.42% of Telekom Austria
  • 28.42% of EuroTeleSites
  • 33.24% of Casinos Austria
  • 32.97% of APK-Pensionskasse
  • 100.00% of GKB-Bergbau GmbH
  • 100.00% of IMIB Immobilien- und Industriebeteiligungen GmbH
  • 100.00% of Schoeller-Bleckmann GmbH
  • 100.00% of Bundesimmobiliengesellschaft

The ÖBAG's investments are a key part of its strategy to generate returns for the Austrian government. By holding stakes in various companies, the ÖBAG is able to diversify its portfolio and minimize risk.

Privatization and Financial Crisis

Privatization in Austria was a significant process that took place from 1987 to 2000. The Österreichische Beteiligungs AG (ÖIAG) played a crucial role in this process, privatizing several state-owned companies.

Office interior with table and chairs near window
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In 1987, 15% of the OMV (Österreichische Mineralölverwaltung) was sold to the public for the first time. This marked the beginning of privatization in Austria. The ÖIAG continued to sell shares of various companies, including Simmering-Graz-Pauker Verkehrstechnik (SGP-VT) and Austria Mikro Systeme International (AMI).

Some notable privatizations include the sale of 26% of SGP-VT to Siemens AG Österreich in 1992, and the sale of 51% of VA Technologie AG to the public in 1994, which was the largest capital market transaction in Austria at the time. The OMV was also privatized, with the ÖIAG reducing its stake to 50% minus one share by the end of 1994.

Here's a brief overview of the privatizations that took place between 1987 and 1995:

  • 1987-1989: OMV was partially privatized
  • 1992: SGP-VT and VAE were partially privatized
  • 1993: AMI was privatized, and SGP-VT was further privatized
  • 1994: VA Technologie AG was privatized, and OMV was further privatized
  • 1995: Böhler-Uddeholm AG and VA Stahl AG were partially privatized

The ÖIAG's privatization efforts had a significant impact on the Austrian economy, paving the way for the country's transition to a more market-oriented economy.

Privatisierungen 1987-2000

During the period of 1987 to 2000, Austria experienced a significant wave of privatizations. In 1987, 15% of the OMV (Österreichische Mineralölverwaltung) were sold on the stock market, marking the first time an ÖIAG company was listed on the exchange.

Credit: youtube.com, Privatizing Europe

This was followed by the sale of additional OMV shares in 1989, totaling 10%. The ÖIAG's stake in OMV was reduced to 53% after the sale of 20% of the company to IPIC in 1994.

In 1992, 26% of Simmering-Graz-Pauker Verkehrstechnik (SGP-VT) were sold to Siemens AG Österreich, and an additional 49% of VAE (VA Eisenbahnsysteme) were also sold to Siemens in the same year.

The Austria Mikro Systeme International (AMI) was privatized in 1993, with 74% of the company being sold on the stock market. The company was later renamed austriamicrosystems AG (AMS).

Here's a summary of the key privatizations that took place between 1987 and 1995:

  • 1987-1989: 25% of OMV sold on the stock market
  • 1992: 26% of SGP-VT and 49% of VAE sold to Siemens
  • 1993: 74% of AMI privatized and renamed austriamicrosystems AG (AMS)
  • 1994: 20% of OMV sold to IPIC, 51% of VA Technologie AG privatized
  • 1995: 27.3% of Böhler-Uddeholm AG sold on the stock market

The pace of privatization slowed down significantly in the late 1990s, with only a few notable transactions taking place.

Banken-Engagement in der Finanzkrise

During the financial crisis of 2007, the government took steps to support the banking sector.

In November 2008, a subsidiary company was established to coordinate the state's capital injections into individual banks.

Veit Sorger and Hannes Androsch were appointed to lead this new entity, FIMBAG.

The FIMBAG's statutes were revised in March 2013, following a decision made by its shareholders at a general meeting.

However, the government decided to dissolve FIMBAG, and this decision was finalized on June 30, 2016.

Current Status

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As of February 2022, Edith Hlawati is the sole managing director of ÖBAG, working alongside executive directors Stefan Fürsinn and Robert Stajic in the expanded board of directors.

The expanded board was first established in 2022, requiring all members to agree on portfolio-wide decisions. Edith Hlawati remains ultimately responsible for the company's legal matters.

In the past two years, ÖBAG has made several notable transactions, including:

  • Abspaltung der Funktürme der Telekom Austria in eine eigene Gesellschaft, die EuroTeleSites AG (2023)
  • Rückzug aus der VAMED durch Verkauf an Mehrheitseigentümer Fresenius (Juni 2024)
  • Beschluss, die OMV-Tochter Borealis mit Borouge zur Borouge Group International zusammenzuführen und einen weltweit führenden Chemiekonzern zu gründen (Announcement März 2025)

Since June 2023, ÖBAG has had a new five-member investment committee overseeing the evaluation and approval of ÖBAG investments.

Frequently Asked Questions

Welche Unternehmen sind in der ÖBAG?

Die ÖBAG umfasst 9 Unternehmen, darunter Österreichische Post, OMV und Casinos Austria. Dazu gehören auch Unternehmen wie die Bundesimmobiliengesellschaft BIG und die APK.

Ist die Oesterreichische Beteiligungs AG Staatseigentum?

Die Österreichische Beteiligungs AG ist eine staatliche Beteiligungsgesellschaft, die als Staatsfonds fungiert und die Beteiligungen der Republik Österreich verwaltet. Sie ist also Teil des Staatsvermögens Österreichs.

Was ist die ÖiAg?

Die Österreichische Beteiligungs AG (ÖBAG) ist eine österreichische Gesellschaft, die die Beteiligungen der Republik Österreich an Unternehmen verwaltet. Sie ist für die strategische Gestaltung und Überwachung der staatlichen Beteiligungen zuständig.

Colleen Boyer

Lead Assigning Editor

Colleen Boyer is a seasoned Assigning Editor with a keen eye for compelling storytelling. With a background in journalism and a passion for complex ideas, she has built a reputation for overseeing high-quality content across a range of subjects. Her expertise spans the realm of finance, with a particular focus on Investment Theory.

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