Andritz: Solid Business Development in 2017

Press Wire ♦ Published: March 2, 2018; 07:30 ♦ (Vindobona)

International technology group Andritz saw satisfactory business development overall in the past business year. The Executive Board will propose an increased dividend payment of 1.55 EUR per share to the Annual General Meeting of Shareholders.

Andritz: Solid Business Development in 2017 / Picture: © Andritz

The results of the business year in detail:

* Sales amounted to 5,889.1 MEUR and were thus 2.5% below the level of the
previous year (2016: 6,039.0 MEUR). This is due primarily to the significant
drop in sales in the Hydro business area (-9.7% compared to 2016) as a result
of the declining order intake in the preceding years. Service business saw

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