Andritz Ag Reports Earnings Results for the Fourth Quarter and Full Year of 2017; Provides Tax Rate Guidance for the Year 2018
For the year, the company reported sales of EUR 5,889.1 million as compared to EUR 6,039.0 million for the same period last year. EBITDA was EUR 541.7 million as compared to EUR 542.4 million for the same period last year. EBIT was EUR 399.3 million as compared to EUR 385.8 million for the same period last year. EBT was EUR 400.6 million as compared to EUR 398.4 million for the same period last year. Net income was EUR 263.0 million as compared to EUR 274.6 million for the same period last year. Cash flow from operating activities was EUR 246.5 million as compared to EUR 366.6 million for the same period last year. Capital expenditure was EUR 116.8 million as compared to EUR 119.5 million for the same period last year.
For the year 2018, The company expects tax rate to be between the range of range of 30% to 31%.