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 2023 Andritz AG Earnings Call Transcript

Jul 27, 2023 / 06:30AM GMT
Release Date Price: $52.77
Stefan Schantl

Good morning, ladies and gentlemen, and welcome to the Andritz webcast regarding the publication of the first half and Q2 2023 results. My name is Stefan Schantl, and I will moderate today's webcast. I would like to welcome our President and CEO, Dr. Joachim Schönbeck; and CFO, Norbert Nettesheim, who will present the highlights of the first half and Q2 2023, today. (Operator Instructions)

But now I would like to hand over to Mr. Schönbeck. Please go ahead, sir.

Joachim SchÃ;nbeck
Andritz AG - President, CEO & Member of the Executive Board

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Stefan, thank you very much for the kind introduction. Good morning, ladies and gentlemen. Thank you very much for joining our conference call for the Q2 results 2023, and for your interest in Andritz. We are very happy to report that we had a good business development in Q2 that we could somehow withstand the weakening economy and the lower investment activities.

We had, in summary, we can report quite a healthy development of the business. Starting with order intake, we

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