In the second quarter of 2018, order intake, at €1,736.5 million, was well above the previous year’s reference figure (+43.4% versus Q2 2017: €1,211.3 million). All business areas were able to increase their order intake compared to the previous year’s reference period. Thus, the positive trend in order intake in the preceding quarters continued (Q3 2017: €1,341.2 million, Q4 2017: €1,467.0 million, Q1 2018: €1,532.8 million). As a result, order intake in the first half of 2018 developed very favourably, rising to €3,269.3 million. This is an increase of 18.0% compared to the previous year’s reference period (H1 2017: €2,771.3 million).
The order backlog as of June 30, 2018 amounted to 6,841.1 million and increased by 7.2 per cent compared to the end of 2017 (6,383.0 million) as a result of the increase in order intake in the preceding quarters.
The net income (without non-controlling interests) fell in the second quarter of 2018 to €56.6 million (Q2 2017: €67.8 million). In the first half of 2018, the net income (without non-controlling interests) amounted to €100.6 million (H1 2017: €130.8 million).
The Andritz Group expects unchanged stable development of sales in the 2018 business year as compared to the previous year. Profitability (EBITA margin) should also continue to develop positively and reach roughly the level of the previous year, taking account of the positive special effect recorded last year, Andritz said in a press release.
"We are satisfied overall with business development in the first half of this year. In particular, the positive development in order intake, which has now been increasing for four consecutive quarters, gives us grounds for optimism. We also envisage good project and investment activity for the remaining months of the year in the markets we serve," Wolfgang Leitner, president & CEO of Andritz. (RR)
Fibre2Fashion News Desk – India
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