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Sales of the Business Area were 110.4 MEUR in 2003, a reduction of 10.1% compared to 2002 (122.8 MEUR). This decline is mainly due to the lower Order Intake as a result of persistently weak market conditions during the reporting year as well as delayed order execution as a result of customer’ requests.
Despite moderate market growth for equipment for municipal sewage and sludge treatment, Andritz has confirmed its leading position as a supplier of centrifuges, again reaching a record number of units sold in 2003.
At 3.3 MEUR, EBITDA in 2003 remained at a comparatively low level (2002: 2.8 MEUR), mainly as a result of weak demand for sludge drying plants.
Order Intake of the Business Area was characterized by a very reluctant investment policy on the part of municipalities, which resulted in postponements of a number of projects due to a lack of public funding. Order Intake reached 110.2 MEUR in 2003, down 25.4% compared to 2002 (147.7 MEUR).
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