Improved financial results Austria’s Andritz, provider of technology and solutions for various industries including the pulp and paper sector, has reported positive financial results for the second quarter of this year.
At about €2.2 billion, the company’s “order intake was significantly higher than the good previous year’s reference quarter, the order backlog reached a new record level of just under 9.9 billion euros. Revenue as well as the operating result (EBITA) and profitability (EBITA margin) also increased sharply compared to the previous year,” Andritz said in a statement.
Joachim Schönbeck, the president and CEO of the Austrian business, said that at “just under 4.8 billion euros, order intake reached the highest half-year figure in the company's history. All four of our business areas saw good order intake development and succeeded in securing important reference orders. We are also cautiously optimistic regarding the remaining months of the current year and from today’s perspective we expect solid project and investment activity in all our business areas.”