Austrian tech group Andritz's revenue up 16.7% in Q2 2022

Order intake in Q2 2022 was at €2,179 million, well above the previous year’s reference quarter (17 per cent versus Q2 2021: €1,862.3 million). All business areas succeeded in increasing their order intake compared to the previous year’s reference period. Order intake in H1 amounted to €4,767.6 million and increased significantly compared to the reference period of the previous year (32.7 per cent versus H1 2021: €3,591.8 million), the company said in a media release.

The company’s order backlog as of June 30, 2022 amounted to €9,859.1 million, reaching a new record high and increased by 20.7 per cent compared to the end of 2021 (€8,165.8 million).

The EBITA amounted to €150.9 million (Q2 2021: €126.8 million) in Q2 2022 and increased more than revenue. All business areas of the company were able to increase their earnings compared to the previous year’s reference quarter – with significant increases in some cases. Thus, profitability (EBITA margin) increased to 8.4 per cent (Q2 2021: 8.3 per cent). Andritz’s EBITA amounted to €273.2 million in the first half of 2022 and was significantly higher than the level of the previous year’s reference period (14.9 per cent versus H1 2021: €237.7 million).

The company’s net income (without non-controlling interests) rose significantly in the second quarter of 2022 to €95.7 million (Q2 2021: €74.6 million). In the first half of 2022, the net income (without non-controlling interests) amounted to €167.2 million (H1 2021: €136.7 million).

Joachim Schonbeck, president and CEO of Andritz AG, said: “We are very pleased with the business development in the first half of 2022. At just under €4.8 billion, order intake reached the highest half-year figure in the company's history. All four of our business areas saw good order intake development and succeeded in securing important reference orders. We are also cautiously optimistic regarding the remaining months of the current year and from today’s perspective we expect solid project and investment activity in all our business areas.”

Fibre2Fashion News Desk (KD)