GRAZ, Austria, July 25, 2024-

International technology group ANDRITZ showed a largely stable business development in the first half of 2024 against the backdrop of a continuously challenging economic environment.

Compared to the previous year’s reference period, revenue decreased slightly, while profitability (EBITA margin) showed a slight increase, and net income remained stable. Order intake dropped considerably from the high level of the first half of 2023 due to the continued absence of major capital investments by customers in the pulp & paper and metals industries. Order intake for services and green products continued to grow.

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