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21st Austria weekly - Andritz, FACC (12/05/2020)

17.05.2020

Andritz: International technology group Andritz has received an order from Klabin for a complete biomass gasification plant and a new biomass handling line for their Ortigueira mill in Brazil. The scope of supply includes a 51 MW gasification plant, a belt dryer, a multi-fuel lime kiln burner and biomass handling equipment with auxiliaries. By replacing 100% of the heavy fuel oil currently burned in one of the mill’s lime kilns, the Andritz gasification plant will significantly reduce the mill’s carbon footprint. The current lime kiln production will remain at 650 tons of reburnt lime per day.
Andritz: weekly performance: -2.46%

FACC: FACC AG, worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aicraft lightweight systems, started into the 2020 fiscal year with its best Q1 result to date. Revenues in the first three months of 2020 amounted to Euro 193.7 min (reference period 2019: Euro 205.6 mn). The 5.8% decline is due to a reduction in development revenues to EUR 7.3 million  in the first three months of 2020. Despite the current external circumstances, product sales remained at almost the same level. Earnings before interest and taxes (EBIT) amounted to Euro 13.1 mn in the first three months of 2020 (reference period 2019: Euro -8.3 min). "We implemented numerous cost-cutting measures in the previous year. These are having a lasting effect and are already showing positive effects on the company's earnings situation," said Robert Machtlinger, CEO of FACC AG. "With new orders and an optimized cost structure, we are creating a good basis in these challenging times that will provide us with significant support in overcoming the corona crisis. In the coming weeks and months, our focus will be on three areas: the safety and health of our employees, the on-time supply of our customers and further adjustments to strengthen economic stability across all divisions. The crisis is particularly affecting the mobility and thus the aviation industry. We have simulated several market scenarios in consultation with our global customers and can act quickly and decisively depending on the global development of the situation.”
FACC: weekly performance: -1.04%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (12/05/2020)


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21st Austria weekly - Andritz, FACC (12/05/2020)


17.05.2020, 2327 Zeichen



Andritz: International technology group Andritz has received an order from Klabin for a complete biomass gasification plant and a new biomass handling line for their Ortigueira mill in Brazil. The scope of supply includes a 51 MW gasification plant, a belt dryer, a multi-fuel lime kiln burner and biomass handling equipment with auxiliaries. By replacing 100% of the heavy fuel oil currently burned in one of the mill’s lime kilns, the Andritz gasification plant will significantly reduce the mill’s carbon footprint. The current lime kiln production will remain at 650 tons of reburnt lime per day.
Andritz: weekly performance: -2.46%

FACC: FACC AG, worldwide leading aerospace company in design, development and production of aerospace technologies and advanced aicraft lightweight systems, started into the 2020 fiscal year with its best Q1 result to date. Revenues in the first three months of 2020 amounted to Euro 193.7 min (reference period 2019: Euro 205.6 mn). The 5.8% decline is due to a reduction in development revenues to EUR 7.3 million  in the first three months of 2020. Despite the current external circumstances, product sales remained at almost the same level. Earnings before interest and taxes (EBIT) amounted to Euro 13.1 mn in the first three months of 2020 (reference period 2019: Euro -8.3 min). "We implemented numerous cost-cutting measures in the previous year. These are having a lasting effect and are already showing positive effects on the company's earnings situation," said Robert Machtlinger, CEO of FACC AG. "With new orders and an optimized cost structure, we are creating a good basis in these challenging times that will provide us with significant support in overcoming the corona crisis. In the coming weeks and months, our focus will be on three areas: the safety and health of our employees, the on-time supply of our customers and further adjustments to strengthen economic stability across all divisions. The crisis is particularly affecting the mobility and thus the aviation industry. We have simulated several market scenarios in consultation with our global customers and can act quickly and decisively depending on the global development of the situation.”
FACC: weekly performance: -1.04%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (12/05/2020)



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