01.11.2020, 1989 Zeichen

Andritz: International technology Group Andritz has received an order from Guangxi Sun Paper to supply two tissue machines for its new mill in Beihai City, Guangxi Province, China. Start-up is planned for 2021. The Andritz tissue machines are of the type PrimeLineTM W 2000, with a design speed of 2,000 m/min and a working width of 5.65 m. They are equipped with a large suction press roll, an 18 ft. PrimeDry Steel Yankee with head insulation, and a re-evaporation system, thus enabling energy savings. The scope of supply also includes FibreSolve FSV pulpers, the paper machine approach flow systems, broke handling and fiber recovery, and automation systems (QCS, DCS).
Andritz: weekly performance: -3.08%

Palfinger:  Revenue of Palfinger AG, international manufacturer of innovative lifting solutions, amounted to Euro 1,102.4 mn in the first three quarters of 2020 against Euro 1,300.6 mn for the same period in 2019. This represents a drop of Euro 198.2 mn, or 15.2%. EBITDA fell by 19.9% to Euro 140.3 mn compared to the first three quarters of 2019. By the end of the 3rd quarter of 2019, operating income (EBIT) had reached Euro 119.3 mn, but that figure has now fallen to Euro 70.6 mn. The consolidated net result amounts to Euro 31.8 million compared to Euro 63.6 million as of September 30, 2019. Despite Palfinger's solid position, CEO Andreas Klauser sees considerable future factors of uncertainty caused by the Covid-19 pandemic which might cause further lockdowns: "We assume that the economic effects of the crisis will also dominate 2021." For 2020, management is aiming for revenue of over Euro 1.5 bn and an EBIT of Euro 100 mn. The financial targets – Euro 2.0 billion revenue through organic growth, 10 percent average EBIT margin and 10 percent average ROCE over the economic cycle - remain the same but have been postponed by two years to 2024.
Palfinger: weekly performance: -5.97%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (30/10/2020)

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