#Nonwovens / Technical Textiles

2023-11-02

ANDRITZ continues to increase results in the third quarter of 2023

International technology group ANDRITZ achieved strong increases in revenue, earnings, and net income in the third quarter of 2023 compared to the previous year’s reference period. The group has thus continued the positive development of the previous quarters.

Revenue up 11%, net income up 27%, and EBITA up 16% compared to Q3 2022.

Order intake down from Q3 2022 due to absence of large orders. Order backlog remains at high level.

Positive outlook for business year 2023 confirmed.

Total order intake declined from the previous year’s reference quarter, which included a large pulp mill order. However, order intake increased in the business areas Hydro, Metals, and Separation. The order intake for sustainable solutions and products was very satisfactory.

After entering the green hydrogen market with its first engineering order in the second quarter of 2023, ANDRITZ booked its first order for the supply of a complete green hydrogen plant in the third quarter. German steel producer Salzgitter Group selected ANDRITZ to supply one of the largest green hydrogen plants in Europe as part of its sustainable transformation program.

Joachim Schönbeck, President & CEO of ANDRITZ AG, stated: “Our products and solutions serving the green transition of the economy are increasingly contributing to our order intake. We are steadily expanding this product range, reaffirming our commitment to innovation and sustainability. The solid growth in our service revenues continued in the third quarter, helping us to further stabilize our business.”

The Group’s financial key figures:

• Order intake in the third quarter of 2023 amounted to 1,803.5 MEUR and was thus 32.8% below the previous year’s reference figure (Q3 2022: 2,683.4 MEUR). The Metals, Hydro and Separation business areas were able to increase their order intake compared to the previous year’s reference quarter. In the Pulp & Paper business area, however, order intake significantly declined as a large order for a complete pulp mill was booked in Q3 2022.

• Order backlog as of September 30, 2023 amounted to 10,361.2 MEUR and increased by 3.9% compared with the end of 2022 (9,976.5 MEUR).

• Revenue in the third quarter of 2023 reached 2,104.1 MEUR and was thus well above the previous year’s reference period (+11.3% compared to Q3 2022: 1,890.8 MEUR). All four business areas noted significant increases in revenue compared to the previous year. Revenue in the first three quarters of 2023, at 6,213.1 MEUR, was also significantly higher than the previous year’s reference figure (+19.3% versus Q1-Q3 2022: 5,207.8 MEUR).

• EBITA in the third quarter of 2023 amounted to 176.4 MEUR, considerably higher than in the previous year’s reference period (+15.6% compared to Q3 2022: 152.6 MEUR). The EBITA in the first three quarters of 2023 amounted to 509.0 MEUR (+19.5% compared to Q1-Q3 2022: 425.8 MEUR). Profitability (EBITA margin) at 8.4% in Q3 2023 increased compared to Q3 2022 (8.1%).

• Net income (including non-controlling interests) increased significantly to 124.6 MEUR in the third quarter of 2023 (+26.6% compared to Q3 2022: 98.4 MEUR). In the first three quarters of 2023, net income (including non-controlling interests) amounted to 346.1 MEUR?(Q1-Q3 2022: 262.3 MEUR), thus 31.9% higher than in the reference period of last year.

For the full business year 2023, ANDRITZ confirms the financial guidance published with the results for the first half of 2023 and, from today’s perspective, expects a significant increase in revenue and earnings as well as stable profitability (EBITA margin).

A Penteadora starts up ANDRITZ textile recycling and needlepunch nonwoven lines in Portugal

A Penteadora SA has successfully started up a complete mechanical textile recycling line and a needlepunch nonwoven line supplied by ANDRITZ at its production site in Unhais da Serra, Portugal. This investment enables A Penteadora to expand its industrial capabilities and develop a new generation of solutions based on pre- and post-consumer recycled textiles. The input materials originate from its own production waste and other textile waste streams. Both lines are fully operational, and the first products are expected to reach the market in July.

ATCO Hygienics, Uzbekistan, orders baby diaper production line from ANDRITZ

International technology group ANDRITZ has received an order from ATCO Hygienics to supply a new baby diaper production line for its plant in Tashkent, Uzbekistan. The order is included in ANDRITZ’s order intake for the first quarter of 2026. Commissioning of the production line is scheduled for the end of 2026.

Kruger, Canada, orders first nonwovens line for sustainable wipes from ANDRITZ

International technology group ANDRITZ has received an order from newly established Kruger Nonwovens to deliver a complete WetlaceTM hybrid line for the Wayagamack mill in Trois-Rivières, Quebec, Canada. With this investment, pulp and paper producer Kruger is preparing to enter the nonwovens market with a new generation of plastic-free, chemical-free materials for sustainable wipes. The line is the first of its kind in Canada and is scheduled to start production in 2028.

ANDRITZ at INDEX ’26: Driving sustainability with next-generation nonwoven technologies

From May 19-22, ANDRITZ Nonwoven & Textile is presenting its innovative solutions for the nonwoven & textile industry in Geneva, Switzerland. ANDRITZ will focus on technologies for sustainable and durable nonwovens, converting, sustainable fiber processes, textile recycling, and life-cycle services on booth 2114 in hall 02.

ANDRITZ sets focus on textile recycling and durable nonwoven production technologies at ITMA Asia 2025

International technology Group ANDRITZ will be presenting its innovative nonwovens production and textile solutions at ITMA ASIA + CITME 2025 in Singapore, from October 28 to 31, 2025 (Hall 2, D106). ANDRITZ will showcase its MMCF production plants, textile sorting and recycling, bast fiber processing, needlepunch, airlay, and life-cycle service technologies, with a focus on sustainable solutions. Discover how these innovations can grow your business opportunities and support a greener future.

OUTLOOK™ 2025: Charting a sustainable and innovative future for the Nonwovens Industry

EDANA concluded its flagship event, OUTLOOK™ 2025, last week, marking it as a major success and addressing the biggest questions facing the industry. The three-day conference highlighted the urgent need for a unified approach to sustainability, regulation, and innovation in the absorbent hygiene and wipes sectors.

Global Nonwovens Alliance unveils Inaugural Board, advancing collaboration and growth worldwide

The Global Nonwovens Alliance (GNA), a tax-exempt federation jointly founded by INDA, the Association of the Nonwoven Fabrics Industry, and EDANA, the Voice of Nonwovens, announces the appointment of its founding Board of Directors. This group of leaders represents some of the most influential executives across the nonwovens value chain and reflects GNA’s mission to foster global collaboration, innovation, and growth in the industry.

EU ban on destroying unsold clothing and footwear now in force

The European Union's ban on the destruction of unsold clothing, clothing accessories and footwear has entered into force. Since July 19, 2026, large companies across the EU have been prohibited from destroying unsold textile products, while medium-sized companies will be required to comply with the same rules from 2030.

Eastman Naia™ brings its inside-out denim vision to Kingpins New York

Following its debut at Kingpins Amsterdam, Eastman Naia™ brings the next chapter of its denim story to Kingpins New York, taking place July 22–23. At Booth Green 7, Naia™ presents its denim proposition built around three complementary design directions: Performance Denim, Fashion Denim and Authentic Denim.