(Vienna) Wiener Börse AG, a 100% subsidiary of CEESEG Aktiengesellschaft, the holding company of the CEE Stock Exchange Group, announced a result from ordinary activities of EUR 24.35 million (2010: EUR 29.18 million) for the financial year 2011. The decline was due largely to lower trading volumes: domestic equity turnover dropped by 18% in 2011 vs. 2010.
“Trading volumes on the Vienna Stock Exchange decreased just like on all other stock exchanges worldwide due to the financial and sovereign debt crisis. Additionally, investors have a tendency to pull out of smaller capital markets faster. But we have taken a number of measures at the Vienna Stock Exchange to revive trading volumes," stressed the two Management Board Members of the VSE, Birgit Kuras and Michael Buhl.
At today’s general shareholders’ meeting, the following change to the Supervisory Board of Wiener Börse AG effective 14 June 2012 was also decided: Michael Spiss, Vice Chairman of the Management Board of Raiffeisen Centrobank AG, will replace former RBI Management Board Member Patrick Butler.
About the Vienna Stock Exchange
The Vienna Stock Exchange is a 100% subsidiary of the CEE Stock Exchange Group (CEESEG) which comprises the stock exchanges of Budapest, Ljubljana and Prague. The CEE Stock Exchange Group (CEESEG) is the largest stock exchange group in the region. CEESEG makes access and trading on the local markets easier with the aim of improving liquidity. The CEESEG stock exchanges cooperate with 12 other exchanges in Central and Eastern Europe and enjoy international recognition for this unique CEE know-how.