Andritz Continues Strong Performance

Businessn.a. ♦ Published: May 4, 2012; 11:27 ♦ (Vindobona)

The Austrian technology Group ANDRITZ saw a favorable business development during the first quarter of 2012. Sales grew by 28.4%. Net income was up by 36.5%.

Andritz Continues Strong Performance / Picture: © ANDRITZ AG

Sales of the Andritz Group amounted to 1,185.7m – an increase of 28.4% compared to the reference figure for the previous year (Q1 2011: € 923.7m). All business areas, particularly Pulp & Paper, achieved significant increases in sales.

Order intake amounted to € 1,361.2m. Although declining by 18.3% compared to the very high figure of last year’s reference period (Q1…