| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 30 | 1 | 2 | 3 | 4 | 5 | 6 |
| 7 | 8 | 9 | 10 | 11 | 12 | 13 |
| 14 | 15 | 16 | 17 | 18 | 19 | 20 |
| 21 | 22 | 23 | 24 | 25 | 26 | 27 |
| 28 | 29 | 30 | 31 | 1 | 2 | 3 |
Today
Polls
_that_its_net_profit_had_fallen_by_30.7_per_cent_year_on_year_to_96.8_million_Euros_in_2009. "Styrian industrial plant producer Andritz-AG reported today (Fri) that its net profit had fallen by 30.7 per cent year on year to 96.8 million Euros in 2009.")
RSS Feed Business05. 03. 10. - 12:00
Andritz 2009 net profit down
Styrian industrial plant producer Andritz-AG reported today (Fri) that its net profit had fallen by 30.7 per cent year on year to 96.8 million Euros in 2009.
Analysts had expected a figure of 101 million Euros.
Pre-tax earnings declined by 28.9 per cent year on year to 149.6 million Euros, and turnover fell by 11.4 per cent year on year to 3.197 billion Euros.
Earnings before interest and taxes (Ebit) was down by a third year on year to 147.1 million Euros, and earnings before interest, taxes, depreciation and amortisation (Ebitda) dropped by 21.6 per cent year on year to 218.2 million Euros.
Orders worth 3.3 billion Euros during 2009 were a tenth lower than they had been in 2008, and orders on the books at the end of last year were worth 4.4 billion Euros.
Ebitda margin was 5.1 per cent at the end of 2009 compared to a figure of 6.5 per cent at the end of 2008.
The firm said management would recommend a reduction in the dividend from 1.10 Euros for 2008 to 1.00 Euro for 2009 at the upcoming shareholders’ general assembly. That would constitute 52.9 per cent of profit last year, compared to 40.3 per cent in 2008, when profit was higher.
Andritz had announced earlier this week that it would buy German machine builder KMPT AG based in Vierkirchen.
Andritz added that it would soon sign a contract for the acquisition of KMPT and its subsidiaries in England, France, Italy, China and the USA.
Andritz said the acquisition would strengthen its environment & process business division by increasing and improving its products.
The deal is expected to become final in the second quarter of this year after cartel authorities have approved it. The price has not been disclosed.
Andritz announced recently that it would buy French machine-building and technology firm Rieter Textile’s subsidiary Perfojet.
Andritz officials said the company had already signed a purchase agreement with Reiter and only needed the approval of cartel authorities for the deal to become final. Neither side has disclosed its price.
In another recent international deal, Andritz won a 100-million Euro contract in Chile. Andritz will deliver special technology for a plant run by Chilean cellulose firm CMPC.
Austrian Times
Related articles: crisis
-
Austrian economy recovers, says OECD
» Business 2012-05-23
The Austrian economy will manage to grow by nearly one per cent this year, according to the Organisation for Economic Co-operation and Development (OECD).
-
AUA rules out Whitsun travel chaos
» Business 2012-05-23
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.
-
Pröll outpaces friends and foes in capability check
» General News 2012-05-23
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.
Tag cloud:
taxes acquisition worth final cartel earnings billion price improving Andritz technology Chile authorities Euros KMPT profit machine disclosed Ebitda Rieter
AUA rules out Whitsun travel chaos
The current conflict with the works committee does not negatively affect Austrian Airlines’ (AUA) booking figures, according to a spokesman.
Weak start for RWR Card
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has admitted difficulties in introducing the Red White Red Card (RWR Card, Rot-Weiß-Rot Card).
Pröll outpaces friends and foes in capability check
Austria’s longest-serving governor has been identified as the most capable one in the opinion of citizens.
Foul-mouthed MPs might face fines
Fritz Neugebauer has started another attempt to introduce a system of fees for abusive parliament delegates (MPs).
Car sharers should get cheap U-Bahn tickets say greens
People who support the environment by signing up for car sharing initiatives to cut down inner city congestion should get subsidised public transport.
Film festivals in Vienna
There are two film festivals back to back in Vienna this May and June. The "Let's CEE Film Festival" shows films from Central and Eastern Europe, while the "Vienna Independent Shorts" focuses on short films.
Salzburg builds new prison
Salzburg is to get a new prison.
Postwoman killed by express train
An 32-year-old postwoman was killed instantly when she apparently failed to see a stop sign on a train track - and was hit by a 120 kph express train at the Grimmenstein sortage depot in the Lower Austrian region of Neunkirchen.
Dirty water caused by excrement
Health experts are struggling to find the source of excrement that has contaminated water supplies at the town of Köstendorf in Salzburg province.
Man Utd chase Austrian ace
Manchester United have signalised interest in David Alaba.
The most popular stories –
last 7 days
|
Giant penis is blown up |
|
Swastika Shaped Austrian School Rebuilt |
|
Nazi still honoured in Austria |
|
Thieves caught trying to nick F**king Sign |
|
20th Vienna Life Ball a fiery success! |
