Upper Austrian Court of Audit: Follow-up audit of the Upper Austrian cable car holding company

Following its follow-up audit of the Upper Austrian cable car holding group, the LRH (Austrian Court of Audit) draws a positive conclusion: The audited entities have taken up the LRH's recommendations and implemented measures to achieve them.

One of the two recommendations has been fully implemented, while the second is being implemented as planned. The Department of Economic Affairs & Research has fundamentally restructured the investment controlling for all state-owned enterprises under its purview. Target agreements were concluded with the cable car holding group in December 2025, defining both quantitative and qualitative development goals with clear metrics. In parallel, regular coordination meetings have been held since 2025 to discuss and further develop medium-term plans with a five-year horizon – including planned investment projects and their financing.

“The follow-up audit shows that the audited bodies have constructively received our recommendations and implemented them promptly in concrete measures,” says LRH Director Mag. Rudolf Hoscher.

Of particular note is the signaling effect that extends beyond the cable car holding group: The reorganization of the investment controlling acted as a catalyst for a broader structural reform and now benefits all companies in the portfolio within the remit of the Department of Economic Affairs & Research. The State Audit Office has already observed these positive effects in further audits of state-owned enterprises.

“If a recommendation from the State Audit Office not only improves the directly affected body, but also acts as an impetus for a broader structural reform, then the audit fulfills exactly the function for which it is intended,” said Hoscher.

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