Andritz 1Q 2021 results: revenue down 1.1% from year ago to Euro 1.5 billion

GRAZ, Austria, April 29, 2021-

International technology Group ANDRITZ showed solid business development in the first quarter of 2021 in spite of the overall unchanged and difficult economic environment. At over 1.7 billion euros, order intake reached a high level and the company’s net income practically doubled despite a slight decline in revenue compared to the previous year’s reference period.

Wolfgang Leitner, President & CEO of ANDRITZ AG: “We are very pleased with business development in the first quarter of 2021. In particular, the development of order intake, which provides the basis for future revenue and earning development, makes us feel positive. With regard to the development of the markets we serve, we remain cautiously optimistic for the coming months and expect solid project and investment activity overall.”

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