10Mon·

$ANDR (+2.48%) Stocked up. After excellent figures and a dividend increase to €2.50 per share, the share price fell by up to 6.5%. Presumably because this year's growth is forecast to be lower. In principle, however, the Group is pursuing ambitious targets until 2026: Increase sales to over €10bn, EBITA margin over 9%, net profit over 6% of sales, continue successful M&A strategy.

Source: andritz.com

29.02

Andritz

Bought x10 at €56.85

€568.50

2 Comments

Baggio@Baggio10

1Mon

How do you see the current setbacks? Have you topped up?

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Michael@FireSale

1Mon

@Baggio10 Funny you should ask. I had sold the share again in the meantime because I had reallocated the money and bought 20 shares today. It's going to be tough for the industry in Austria in general but I think a lot is already priced in and I recently read that Andritz is now building a textile recycling plant with/for a US company and I think this could be a growing market in the future as people are generating crazy amounts of clothing waste.

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