Andritz AG (OTCPK:ADRZF)
$ 71.4 0 (0%) Market Cap: 5.65 Bil Enterprise Value: 4.93 Bil PE Ratio: 10.49 PB Ratio: 2.40 GF Score: 75/100

Half Year 2019 Andritz AG Earnings Call Transcript

Aug 02, 2019 / 06:30AM GMT
Release Date Price: $37
Operator

Dear ladies and gentlemen, welcome to the presentation of the H1 Results 2019 of ANDRITZ AG. (Operator Instructions) May I now hand you over to Dr. Wolfgang Leitner, CEO, who will lead you through this conference. Please go ahead, sir.

Wolfgang Leitner
Andritz AG - President, CEO & Member of Executive Board

Thank you very much. Good morning, everybody. Welcome to our half year results.

Yes, and overall, I think we are reasonably satisfied with the second quarter and the first half. I think we have performed quite well in many areas. Obviously, there are business -- there is one business area where we certainly cannot be satisfied, also this is not a specific language, but this is the automotive industry and its suppliers that clearly are in a more difficult situation.

To start on Page 3. Group order intake with above EUR 2 billion. It's the second highest quarterly order intake in our history. So clearly, we are very happy about it. We had an excellent order intake in Pulp & Paper, across all divisions, not only Pulp but also biomass

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