Andritz experiences Q3 FY20 income of €1,670 mn

2020/11 05 08:11

Andritz, an Austrian-based worldwide know-how group, has reported 1.2 per cent income lower to €1,669.7 million in its third quarter (Q3) FY20 ended on September 30, 2020 in comparison with gross sales of €1,690.2 million in the identical interval final fiscal. Order consumption throughout the quarter fell 18.four per cent to €1,708.zero million (Q3 FY19: €2,093.9 million).

 

“We’re very happy with enterprise improvement within the first three quarters. Because of the nice dedication by our staff around the globe at the side of price self-discipline, we’ve been capable of grasp the numerous challenges attributable to the Covid-19 disaster very properly to this point,” Wolfgang Leitner, president and CEO of Andritz, mentioned in a press launch.

 

Gross sales of pulp & paper phase jumped 13.5 per cent throughout the quarter to €851.7 million (€750.6 million). Metals gross sales slipped 17.zero per cent to €350.eight million (€422.7 million). 

 

Order intakes of pulp & paper phase for Q3 FY20 have been down 18.four per cent to €1,708.zero million (€2,093.9 million). Whereas, metals gross sales decreased 17.three per cent to €354.6 million (€429.zero million).

 

Firm’s EBITDA rose to €104.2 million (€6.four million). Internet earnings for the quarter elevated to €52.four million (€31.zero million).

Fibre2Fashion Information Desk (JL)

Andritz, an Austrian-based worldwide know-how group, has reported 1.2 per cent income lower to €1,669.7 million in its third quarter (Q3) FY20 ended on September 30, 2020 in comparison with gross sales of €1,690.2 million in the identical interval final fiscal. Order consumption throughout the quarter fell 18.four per cent to €1,708.zero million (Q3 FY19: €2,093.9 million).




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