Austria's Andritz posts record order intake of €7,879.7 mn in FY21

The order backlog as of the end of 2021 also reached a record figure at €8,165.8 million and was thus significantly higher than the value for the previous year’s reference period.

Revenue amounted to €6,463 million and was slightly below the record figure for the previous year. This decline is attributable to the pulp and paper business area, which executed several larger orders with a strong revenue contribution in 2020, Andritz said in a press release.

Despite the slightly lower revenue compared to the previous year, the operating result (EBITA) increased substantially, reaching an all-time high of €546.5 million from €391.7 million in 2020. Profitability (EBITA margin) increased significantly to 8.5 per cent.

“We are very satisfied with business development in 2021. The record order intake, with increases in all four business areas, shows that we are in a strong competitive position in all of the industries we serve. And we also succeeded operationally in coping well with the challenges of the COVID pandemic,” Wolfgang Leitner, CEO of Andritz, said.

If the continuing global economic recovery expected by market researchers for 2022 does not take place, the pandemic intensifies again or the conflict between Russia and the Ukraine escalates further, this may result in negative effects on the processing of orders and on order intake and hence, a negative impact on the company’s financial development. Similarly, further increases in the price of raw materials or bottlenecks in global supply chains could have a negative effect on the group’s earnings development.

Fibre2Fashion News Desk (RR)