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ANDRITZ 2011 Net Profit Up - Quick Facts

3/1/2012 1:56 AM ET

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%.

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by RTT Staff Writer

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