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Andritz confirmed long-term corporate goals

Oct 13 2010  Wolfgang Leitner, CEO of Andritz, confirmed the international technology group’s long-term goals at a capital market day recently. Andrits also announces an order of four tissue machines to China.

The financial goals of Andritz are to achieve a sustained average EBITA margin of seven percent over the cycle and group sales of approximately 4.5 billion Euros by 2013/2014, according to Wolfgang Leitner, who said: ”In the past ten years, Andritz has increased group sales by over 15 percent per annum, and the EBITA margin has risen from 4.7 percent in 2000 to 6.3 percent in the first half of 2010.”Future development of the global economy will determine whether the sales target of 4.5 billion Euros is achievable or not. ”From today’s point of view, we expect a slight recovery of the global economy over the next few years,” Leitner said.On October 13, Andritz’ Pulp & Paper business area announced an order regarding the delivery of four tissue machines to the Hengan group, a leading tissue manufacturer in China. Each of the four high-speed PrimeLine machines has a width of 5.6 meters and a capacity of approximately 60,000 tons.

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