Andritz: Strong Rise in Sales Expected

People ♦ 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…