Linz group of companies takes good stock

For 15 years, the city of Linz has “prescribed” a voluntary consolidated balance sheet for the group of companies (UGL). The most recent balance sheet dates from 2021 and shows that the magistrate and the 18 subsidiaries that are combined in the UGL have a volume of 6.2 billion euros. The equity ratio of 37 percent remains stable, investment activity is high at around 384 million euros, according to Mayor Klaus Luger and Finance Director Christian Schmid.

“This means that UGL Holding has invested almost as much as voestalpine in its Linz location,” said Mayor Klaus Luger (SP) yesterday. The tangible assets of the UGL amount to 5.3 billion euros and, according to those responsible, represent a value for generations. The front runner here is the city of Linz with tangible assets of 1.75 billion euros, followed by Linz AG with 1.58 billion euros. The “investment emperor” is Linz AG, which invested 153 million euros in 2021, which went into securing the power supply and the “Neuland” project, among other things.