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Andritz Q3 EBITA Down At EUR 6.4 Million
Andritz To Supply Pressurized Refining And Evaporation Sytem To Berneck S.A., Brazil
Andritz To Supply Key Furnace Equipment For Steel Dynamics In USA
Andritz AG is an Austrian company that develops production systems and industrial process solutions for various standard and specialized products. The Company divides its activities into five business segments. The HYDRO business segment supplies turnkey electromechanical equipment and services for hydro power plants. PULP & PAPER segment provides technology and services that enable the industry to produce practically all grades of pulp for the manufacture of paper, board and fiberboard, among others. METALS segment develops, manufactures and installs plants for the production of cold-rolled and hot-rolled, surface-finished carbon steel, high-grade steel and non-ferrous metal strip. SEPARATION segment covers technologies, products and services for mechanical and thermal solid/liquid separation. FEED & BIOFUEL segment supplies systems and machines for industrial production of conventional mixed animal feed and special animal feed. Andritz AG operates globally through its subsidiaries.
Misc. Capital Goods
Stattegger Strasse 18
Independent Chairman of the Supervisory Board
Chairman of the Executive Board, President, Chief Executive Officer
Independent Deputy Chairman of the Supervisory Board
Mark von Laer
Chief Financial Officer, Member of the Executive Board
Member of the Executive Board
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Engineering group Andritz stood by its full-year forecast on Wednesday even as it posted a sharp decline in third-quarter core profit, largely due to restructuring costs at its German Schuler subsidiary.
Engineering group Andritz <ANDR.VI> posted a sharp decline in third-quarter operating profit on Wednesday, hit by restructuring costs at its German Schuler subsidiary.
Shares in engineering company Andritz <ANDR.VI> 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.
Engineering company Andritz on Friday reported a flat core profit for the second quarter as strong orders at its pulp & paper unit were not enough to offset weaker demand at its metals forming unit.
Austrian engineering group Andritz plans to cut 500 jobs in Germany at its subsidiary Schuler AG to deal with the impact of a slowing car industry, it said on Monday.
* Shares fall 12 percent (Adds pulp & paper business, shares, analyst)
Engineering group Andritz plans to cut jobs at its German subsidiary Schuler AG as the business feels the effect of a slowing car industry, its chief executive said on Wednesday without giving a scale.
Engineering group Andritz sees earnings returning to growth in 2019, helped by a strong order backlog and efficiency gains after restructuring its metals and hydropower operations, it said on Wednesday.
* 2018 EBITA margin seen below 2017 level (Adds details, shares, background)
Engineering group Andritz reported lower-than-expected third-quarter operating profit on Tuesday, largely due to high costs and lower margins in its metals unit.
Austrian engineering group Andritz <ANDR.VI> has agreed to buy Xerium Technologies <XRM.N>, a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings.
Andritz has agreed to buy U.S. machine industry company and supplier Xerium Technologies in a cash deal worth roughly $833 million, the Austrian engineering group said on Monday.
Austrian engineering group Andritz expects a strong order book to enable the company to meet full-year objectives, it said on Thursday after reporting a drop first-quarter sales and profit.
* SIGNS LONG-TERM COOPERATION AGREEMENT WITH WEIR MINERALS TO SUPPLY EQUIPMENT FOR PROCESSING TAILINGS IN THE MINING INDUSTRY Source text - https://bit.ly/2I61raH Further company coverage: (Gdynia Newsroom)
An Austrian law to deter companies from contracting out work to lower-cost eastern European firms breaches EU regulations, an industry body has argued in a filing to the European Commission, which has supported this view in a related court case.
* HAS RECEIVED AN ORDER FROM AUTONEUM TO SUPPLY AN ANDRITZ NEXLINE NEEDLEPUNCH EXCELLE LINE TO ITS PLANT IN SAN LUIS POTOSI, MEXICO
Austrian engineering group Andritz reported a higher-than-expected net profit for the first quarter, supported by strong demand in its pulp and paper, and metals businesses.
* Has received an order from steel producer Nucor to supply turn-key production lines for its new specialty cold rolling mill complex at company's sheet steel mill in Hickman, Arkansas, USA
Austrian engineering group Andritz reported a higher-than-expected 3.1 percent increase in its 2016 core profit, driven by increasing demand for its service business.
The two Austrians and a Chinese man who died in a plane crash in Pakistan worked for Austrian engineering group Andritz <ANDR.VI> on a hydropower project in the north of the country, a spokesman for the company said on Wednesday.
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