Andritz Surpasses Expectations

Businessn.a. ♦ Published: March 1, 2012; 11:18 ♦ (Vindobona)

The Austrian technology Group Andritz showed very satisfactory business development in the 2011 business year, reaching record highs in order intake, sales, and earnings.

Andritz Surpasses Expectations / Picture: © Andritz

Sales amounted to € 4,596.0m (+29.3% vs. 2010: € 3,553.8m). This is mainly attributable to the Pulp & Paper business area, which increased its sales by 67.9% to € 1,855.9m (2010: € 1,105.3m). The Hydro, Separation, and Metals business areas also noted a sales increase.

The order intake of the Group reached € 5,706.9m (+38.1% vs. 2010: € 4,131.9m). This was mainly…