Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

ANDRITZ 2011 Net Profit Up - Quick Facts

Andritz AG (ADRZF.PK) reported a 30.8% improvement in its full-year net income, including non-controlling interests, to 231.5 million euros from 177.0 million euros a year earlier. Excluding non-controlling interests, Group's net income amounted to 230.7 million euros this year, versus 179.6 million euros in 2010.

Sales for the latest year amounted to 4.6 billion euros, up 29.3% from the prior year's 3.55 billion euros. Order intake in 2011 reached 5.71 billion euros, higher than 4.13 billion euros a year ago, mainly due to the receipt of three large orders in the PULP & PAPER and HYDRO business areas.

Based on the company's expectations and the high order backlog, the Group expects an increase in sales and net income in 2012 compared with 2011. Further, the Executive Board would propose to increase the dividend to 2.20 euros per share, corresponding with a payout ratio of almost 50%.

Click here to receive FREE breaking news email alerts for Andritz AG and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
President Barack Obama sought to emphasize in remarks on Wednesday that the American forces being deployed as part of the fight against the terrorist group ISIS will not have a combat mission. While buying interest has remained somewhat subdued, stocks continue to see modest strength in mid-day trading on Wednesday. The Dow has pulled back off its new record intraday high but remains in positive territory. Republican Joni Ernst has moved into the lead in the potentially crucial Iowa Senate race, according to the results of a Quinnipiac University poll released on Wednesday. The poll found that 50 percent of likely Iowa voters would support Ernst if the election were held today, while 44 percent would vote for Democratic Rep. Bruce Braley.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.