#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

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.

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.