Andritz Reports Best Ever Financial Results In History
Nonwovens technology and recycling solutions manufacturer Andritz said it has reported best ever financial results in its history in 2023, when its revenue increased to €8.7 billion, up 15 percent over 2022.
Net income at the German company rose to €504 million in 2023, up a massive 25 percent over its previous year and operating EBITA reached €742 million, a year on year growth of 14 percent.
“Subject to the approval at its AGM, shareholders will benefit from this excellent performance through a dividend increase to €2.50 per share as against €2.10 in 2022,” the company said in a press release.
Order intake in the fourth quarter of 2023 rose 12 percent from same quarter of its earlier year. But, order intake for 2023 declined 8 percent to €8,552 million, due to reduced capex by pulp & paper customers.
“Providing economically viable solutions that support industries in their decarbonisation effort is an integral part of our company strategy,” Andritz CEO Joachim Schönbeck said.
“The increase in order intake in the Q4 of 2023 and the book-to-bill ratio, which reached almost 1 for the full year, show Andritz’s resilience in a difficult economic and geopolitical environment,” he added.
