#Nonwovens / Technical Textiles

2024-02-29

ANDRITZ reports record results for 2023

In 2023, international technology group ANDRITZ again achieved the best results in its history. Revenue increased to 8.7 billion EUR (up 15% from 2022), net income rose to 504 MEUR (+25%), and the operating result (EBITA) reached 742 MEUR (+14%). The comparable EBITA margin increased from 8.5% to 8.7%. Subject to the approval by the Annual General Meeting, shareholders will benefit from this excellent performance through a dividend increase to 2.50 EUR (2022: 2.10 EUR) per share.

Revenue, net income and EBITA reach record high for second consecutive year

Full year order intake satisfactory, order intake in fourth quarter up by 12% from the previous year

Significant increase in dividends to 2.50 EUR per share

Order intake in the fourth quarter increased by 12% from the previous year’s reference quarter. Order intake for the full year decreased by 8% to 8,552 MEUR due to reduced capital investments by Pulp & Paper customers. All other business areas were able to increase their order intakes.

The Hydro business area achieved a substantial increase in order intake as a result of the favorable market development for new hydropower plants, modernizations and pumped storage projects.

In 2023, ANDRITZ not only won its first large-scale order for a green hydrogen plant but also the first order for a large, fully automated cell formation plant to produce battery cells for e-mobility. In the fourth quarter of 2023, ANDRITZ received orders for major pumped storage projects in Austria and Greece.

“Providing economically viable solutions that support industries in their decarbonization effort is an integral part of our company strategy. We are very pleased that these solutions play an increasingly important role in our growth,” said Joachim Schönbeck, President & CEO of ANDRITZ AG. “The increase in order intake in the fourth quarter of 2023 and the book-to-bill ratio, which reached almost 1 for the full year, show ANDRITZ’s resilience in a difficult economic and geopolitical environment.”

The results of the business year 2023 in more detail:

Order intake for 2023, at 8,551.9 MEUR, was somewhat lower than in the previous year (-7.7% compared to 2022: 9,263.4 MEUR). The Hydro, Metals and Separation business areas were able to increase their order intakes and thus partly compensate for the decline in the Pulp & Paper business area, which was impacted by a global market weakness regarding new capacities.

Revenue developed very favorably in 2023, reaching a new record level of 8,660.0 MEUR (+14.8% compared to 2022: 7,542.9 MEUR). All four business areas achieved considerable increases in revenue.

Order backlog as of the end of 2023 amounted to 9,872.6 MEUR, remaining basically at the same high level as in the previous year (-1.0% compared to 2022: 9,976.5 MEUR).

The operating result (EBITA) increased in line with revenue and reached 741.9 MEUR, also a record level (+14.4% compared to 2022: 648.5 MEUR). Profitability (EBITA margin) remained at 8.6% (2022: 8.6%). The comparable EBITA margin increased from 8.5% in 2022 to 8.7% in 2023.

The net income (including non-controlling interests) increased significantly compared to the previous year, amounting to 504.3 MEUR (+25.3% compared to 2022: 402.6 MEUR).

ANDRITZ expects for the business year 2024 a slight increase of revenue and earnings.

https://www.andritz.com/resource/blob/542952/21598e3a4058bd84a4b94e855773a3f3/andritz-financial-report-2023-e-data.pdf

Yanpai expands nonwovens capacity with two new ANDRITZ needlepunch lines

Zhejiang Yanpai Filter Technology Co., Ltd. (hereinafter referred to as “Yanpai”) has placed an order with international technology group ANDRITZ for two high-performance needlepunch lines. The equipment will be installed at Yanpai’s headquarters facility in Tiantai County, China. Commissioning is scheduled for the third quarter of 2026.

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.

Cinte Techtextil China proves to be dynamic international platform and launchpad for new market potential

After three days of facilitating meaningful exchange for numerous applications of technical textiles and nonwovens, Cinte Techtextil China 2025 concluded on 5 September at the Shanghai New International Expo Centre. Feedback across the fairground was highly positive, especially from first-time exhibitors and buyers who valued the platform’s capability to create new opportunities both in China and overseas markets.

Perfect quality through collaboration: Machinery from Trützschler, Toyota and Murata at Zirve Tekstil

In today’s textile industry, excellence is not achieved by chance – it’s the result of deliberate decisions, technical expertise, and the courage to go beyond conventional paths. The Turkish company Zirve Tekstil has done just that: by combining the best technologies from Trützschler, Toyota and Murata, they’ve created a production setup that delivers outstanding yarn quality – recognized worldwide.

Engineering depth and diversity for composites

Airbond is the latest member of the British Textile Machinery Association (BTMA) to receive recognition for contributions to the composites industry. The engineering firm based in Pontypool, South Wales, has just received the Make UK Energy and Sustainability Award for its Lattice 3D Printing project.

Award-winning research for sustainable carbon fibre cycles

Sustainable recycling of carbon fibres is possible through targeted electrochemical surface modification, which makes the sizing of carbon fibres resistant to solvolysis. ITA PhD student Sabina Dann was awarded the MSW Award from RWTH Aachen University for her master's thesis on this development. The award ceremony took place on 12 November 2025 in Aachen.