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Total Sales of the Andritz Group in 2003 amounted to 1,225.0 MEUR, an increase of 10.4% compared to the previous year (2002: 1,110.1 MEUR). This favorable development was mainly due to the Pulp and Paper Business Area, whose Sales rose by 20.5% to
810.3 MEUR (2002: 672.2 MEUR) as a consequence of increased order bookings and the growth in the services business. While Sales of the Rolling Mills and Strip Processing Lines Business Area were only slightly lower compared to 2002 (173.1 MEUR in 2003
vs. 177.4 MEUR in 2002), the Environment and Process Business Area suffered a drop in Sales to 110.4 MEUR (2002: 122.8 MEUR). The major reasons for this were weak market conditions with very few major sludge dryer orders awarded in 2003 and customer-induced
delays in the execution of some of the larger orders. Feed Technology’s Sales decreased by 8.5% to 99.2 MEUR (2002: 108.4 MEUR) as a result of the persistent weakness of the North American feed market and the decline of the US dollar against
the Euro, resulting in translation losses.
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