Andritz recently announced an improved financial performance in 2014 compared to the previous year. The company now expects to witness further improvement in sales and net income this year.
“From today’s perspective, no substantial change is expected in project activity in the markets served by ANDRITZ compared to the satisfactory level of 2014,” said, Wolfgang Leitner, President and CEO, Andritz.
Andritz’s net income increased to EUR 210 million as compared to EUR 53.2 million in 2013.
The technology group’s net sales increased 2.6 percent to EUR 5,859 million while the order intake increased 8.7 percent to EUR 6,101 million in 2014. The increase in sales and order intake is primarily attributable to the Pulp & Paper and Metal business.
“The market environment is still challenging, which is why we will continue with our measures to further enhance competitiveness and profitability this year,” Leitner added.
