Andritz: Analysts Optimistic

CountriesOther Regions ♦ Published: November 5, 2011; 18:06 ♦ (Vindobona)

The Austrian engineering and technology group Andritz is expected to report a significant rise in sales, earnings and profits.

Andritz: Analysts Optimistic / Picture: © Andritz

On average, analysts of UniCredit, Raiffeisen Centrobank (RCB) and Erste Group estimate Andritz to achieve net income of € 142.8m in the first three quarters of 2011. This would be a growth of 25% against the first nine months of 2010.Sales should grow by 25% up to € 3,116.3m. The operating result (EBIT) is expected to amount to € 200.6m (a rise by 28%).

Regarding solely…