Andritz AG: Records in Order Intake and Order Backlog!
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Andritz AG presented its Q1 report on April 29. The order intake reached a historic record of €3.6 billion (+54.3 %), which raised the order backlog to €12.37 billion. Revenue slightly increased to €1.79 billion, while the group profit grew by 2.9 % to €91.8 million. Despite a stable EBITA margin of 8.2 %, the company urges caution: the exceptional order peak results from the bundling of several projects and cannot be directly extrapolated to the entire year. Nevertheless, management confirms the annual forecast with a target revenue of...
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