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Andritz sales up 6.9% to €1,573.2 mn in Q2 2019

13
Aug '19
Pic: Andritz
Pic: Andritz
Sales of international technology group Andritz amounted to €1,573.2 million in Q2 of 2019 and were 6.9 per cent higher than €1,472.1 million for Q2 of 2018. Sales of Andritz were up 10.8 per cent to €3,062.4 million in H1 2019 as compared to €2,763.1 million in H1 2018. In H1 2019, EBITA amounted to €177.5 million versus €166.3 million in H1 2018.

The increase in sales in Q2 were mainly attributable to the Pulp & Paper business area of the company, where sales increased significantly by 28.5 per cent compared to previous year's reference period. The capital as well as the service sector saw positive development: Xerium Technologies, Inc, which was acquired last year and first-time consolidated as from October 2018, contributed around €113 million to sales. The Separation business area also slightly increased sales compared to the previous year's reference period (+3.6 per cent) due to the unchanged good order intake development in solid/liquid separation in the past few quarters. Sales in the Hydro and Metals business areas declined 10 per cent and 6.1 per cent respectively compared to previous year's reference period, said Andritz in a press release .

Regarding the expectations for the 2019 business year, Andritz confirms its guidance given at the publication of the results for the first quarter of 2019 and expects a significant increase in sales compared to the previous year. In terms of profitability, Andritz expects an unchanged operative EBITA margin before extraordinary effects of 6.9 per cent. (PC)

Fibre2Fashion News Desk – India


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