International technology Group ANDRITZ saw a solid development of profitability in the first quarter of 2016 despite slight declines in sales and order intake.
The key financial figures developed as follows:
Sales amounted to 1,285.6 million euros (MEUR) and were thus lower than the reference figure for the previous year (-8.5% versus Q1 2015: 1,404.3 MEUR). All business areas recorded a decline in sales.
Order intake, at 1,247.4 MEUR, reached a satisfactory level, howev
Sales up by three percent at ?9.85 billion after three months
Net income rises by 12 percent to ?734 million or ?3.67 per share
Free cash flow before acquisitions increases considerably to ?567 million
Forecast for free cash flow before acquisitions raised to at least ?2 billion
EBIT exceeds ?1 billion
After a good first quarter in fiscal 2016, the technology company Continental is raising its forecast for free cash flow before acquisitions for th
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