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Andritz: Strong Rise in Sales Expected

Published: October 5, 2011; 12:48 · (Vindobona)

At the Andritz Capital Market Days 2011, CEO Wolfgang Leitner today specified the sales and earnings targets of the Austrian technology group for 2011 and 2012.

Andritz: Strong Rise in Sales Expected / Picture: © ANDRITZ AG

“Based on the high order intake and good development in sales in the first half of 2011, we expect Group sales to rise above € 4.0bn for 2011. For 2012, we are planning a further increase in sales to over € 4.5bn in view of the good order intake and the acquisitions made in 2010 and 2011. We confirm our target to achieve an average EBITA margin of 7% over the cycle and also intend continuing our pro-active dividend policy,” said Leitner and added: “However, a possible significant downturn of the global economy would most likely impact the achievement of these goals.”

Based on Group sales of € 4.5bn, an EBITA margin of 7%, and a tax rate of 30%, earnings per share of about 4.23 EUR could be reached in 2012 (2008: € 2.73 per share; 2009: € 1.89 per share; 2010: € 3.48 per share), corresponding to an average annual growth of over 20% in earnings per share since 2000.

Andritz wants to continue its dividend policy, which is focused on maintaining continuity, and aims to increase the dividend payout ratio steadily to approximately 60% in the next few years.

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