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Andritz AG (ANDR.VI)

ANDR.VI on Vienna Stock Exchange

31.26EUR
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Andritz Buys Swedish Company Kempulp
Monday, 19 Aug 2019 

Aug 19 (Reuters) - ANDRITZ AG ::ACQUIRES KEMPULP.KEMPULP ORGANIZATION WILL BE FULLY INTEGRATED INTO THE ANDRITZ PULP & PAPER ORGANIZATION.  Full Article

Andritz Receives Order From North American Stainless
Friday, 9 Aug 2019 

Aug 9 (Reuters) - ANDRITZ AG ::TO MODERNIZE COLD STRIP PROCESSING LINE #1 FOR NORTH AMERICAN STAINLESS, USA.MODERNIZATION WORK IS SCHEDULED FOR COMPLETION IN THE FOURTH QUARTER OF 2020.  Full Article

Andritz Q2 Net Income Down At EUR 43.9 Million
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Andritz AG ::IN Q2 OF 2019, ORDER INTAKE WAS WELL ABOVE PREVIOUS YEAR'S REFERENCE FIGURE AT 2,047.1 (+17.9% VERSUS Q2 2018: 1,736.5 MEUR).ORDER BACKLOG AS OF JUNE 30, 2019 AMOUNTED TO 7,724.2 MEUR AND INCREASED BY 9.0% COMPARED TO END OF 2018 (7,084.3 MEUR).EBITA IN Q2 OF 2019 AMOUNTED TO 94.7 MEUR.SALES ROSE IN Q2 OF 2019 BY 6.9% COMPARED TO PREVIOUS YEAR'S REFERENCE PERIOD (Q2 2018: 1,472.1 MEUR) AND REACHED 1,573.2 MEUR.Q2 NET INCOME (WITHOUT NON-CONTROLLING INTERESTS) DROPPED TO 43.9 MEUR (Q2 2018: 56.6 MEUR).FINANCIAL RESULT DECREASED TO -14.4 MEUR.EXPECTS 2019 OPERATING EBITA MARGIN WITHOUT EXTRAORDINARY EFFECTS TO REMAIN UNCHANGED AT 6.9% (EBITA MARGIN 2018 WITHOUT EXTRAORDINARY EFFECTS: 6.9%).CONFIRMS ITS GUIDANCE GIVEN AT PUBLICATION OF Q1 2019 RESULTS AND EXPECTS A SIGNIFICANT RISE IN SALES COMPARED TO PREVIOUS YEAR.EXPECTS OPERATING EBITA MARGIN WITHOUT EXTRAORDINARY EFFECTS TO REMAIN UNCHANGED AT 6.9% (EBITA MARGIN 2018 WITHOUT EXTRAORDINARY EFFECTS: 6.9%).  Full Article

Andritz Affiliate Schuler Adjusts Capacities To Weakness Of International Automotive Market
Monday, 29 Jul 2019 

July 29 (Reuters) - Andritz AG ::ANDRITZ AFFILIATE SCHULER ADJUSTS CAPACITIES TO WEAKNESS OF INTERNATIONAL AUTOMOTIVE MARKET.CORRESPONDING COST-CUTTING AND ACTION PLAN ADOPTED BY SCHULER EXECUTIVE BOARD.TO FURTHER CUT MANUFACTURING CAPACITIES AND OF AROUND 500 PEOPLE IN GERMANY - MAINLY IN MANUFACTURING.REDUCTIONS REQUIRED ARE TO BE IMPLEMENTED WITH GREATEST POSSIBLE SOCIAL COMPATIBILITY.TOTAL EXTRAORDINARY EXPENSES FOR THESE MEASURES AMOUNT TO APPROXIMATELY 85 MILLION EUROS (MEUR).PROVISIONS FOR THESE EXPENSES WILL BE BOOKED IN 3RD QUARTER OF 2019.PROVISIONS TO HAVE A NEGATIVE IMPACT ON EARNINGS OF ANDRITZ GROUP IN 2019 BUSINESS YEAR.IN ADDITION, AN IMPAIRMENT OF GOODWILL WILL BE RECORDED IN AMOUNT OF AROUND 25 MEUR.FIRST SAVINGS RESULTING FROM THESE MEASURES ARE EXPECTED AS FROM SECOND HALF OF 2020.PROFITABILITY AT SCHULER IS EXPECTED TO IMPROVE GRADUALLY AS FROM 2021.  Full Article

Andritz To Supply Fluidized Bed Boiler For Biomass Power Plant In Japan
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Andritz AG ::ANDRITZ TO SUPPLY A HIGHLY EFFICIENT FLUIDIZED BED BOILER FOR A BIOMASS POWER PLANT IN JAPAN.START-UP IS SCHEDULED IN 2022.  Full Article

Andritz Receives Pulp Mill Order From International Producer
Tuesday, 16 Jul 2019 

July 16 (Reuters) - ANDRITZ AG ::RECEIVES SIGNIFICANT PULP MILL ORDER FROM INTERNATIONAL PULP AND PAPER PRODUCER.CONTRACT HAS A MID-TRIPLE-DIGIT MILLION EURO ORDER VALUE FOR ANDRITZ AND IS EXPECTED TO BE BOOKED IN Q3 2019.  Full Article

Andritz To Rebuild OCC Line At Cartiere Del Polesine In Italy
Wednesday, 3 Jul 2019 

July 3 (Reuters) - ANDRITZ AG ::ANDRITZ TO REBUILD OCC LINE AND INSTALL NEWLY DEVELOPED PRIMESCREENS X AT CARTIERE DEL POLESINE IN ITALY.START-UP IS SCHEDULED FOR THE FIRST QUARTER OF 2020.ORDER FROM CARTIERE DEL POLESINE TO REBUILD EXISTING OCC LINE INCLUDING REJECT TREATMENT AT MILL IN ADRIA, ITALY.  Full Article

Andritz Receives Rebuild Order From Stora Enso In Finland
Wednesday, 26 Jun 2019 

June 26 (Reuters) - ANDRITZ AG ::RECEIVES A MAJOR ORDER FOR AN EXTENSIVE REBUILD FROM STORA ENSO IN FINLAND.START-UP IS SCHEDULED FOR THE FOURTH QUARTER OF 2020.  Full Article

Andritz Gets Order From Qinghai Zhuofeng New Material In China
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Andritz AG ::ANDRITZ TO SUPPLY TWO NEW CONTINUOUS ANNEALING AND PROCESSING LINES TO QINGHAI ZHUOFENG, CHINA.START-UP IS SCHEDULED FOR THE SECOND QUARTER OF 2021 (LINE 1) AND THE SECOND QUARTER OF 2022 (LINE 2), RESPECTIVELY..TOTAL INVESTMENT IS 1.6 BILLION YUAN, COVERING 8 KM2, WITH AN EXPECTED ANNUAL SALES VOLUME OF 5.5 BILLION YUAN..  Full Article

Andritz Receives Order From Klabin
Friday, 17 May 2019 

May 17 (Reuters) - ANDRITZ AG ::HAS RECEIVED AN ORDER FROM KLABIN.ORDER VALUE FOR ANDRITZ IS IN RANGE OF JUST UNDER 190 MILLION EUROS.ORDER TO SUPPLY MAJOR TECHNOLOGIES AND EQUIPMENT FOR KLABIN'S NEW PULP MILL IN ORTIGUEIRA, PARANÁ, BRAZIL..START-UP IS SCHEDULED FOR Q2 OF 2021.  Full Article

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Andritz shares lifted by strong second-quarter orders, cash flow

VIENNA Shares in engineering company Andritz soared on Friday after it reported strong orders and cash flow in the second quarter and confirmed its full-year outlook, easing some concerns about the impact of a slowdown the automotive sector.