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Q3 2019 Andritz AG Earnings Call Transcript
Ladies and gentlemen, welcome to the conference call of ANDRITZ AG. At our customers' request, this conference will be recorded. (Operator Instructions) May I now hand you over to Dr. Leitner, who will lead you through this conference. Please go ahead, sir.
Good morning, everybody. Welcome to our third quarter conference call. Before going into the detail, as always, a general introduction. I think we agree that global economy could be stronger. And in light of this rather weak situation of the global economy, we are quite satisfied with the results we have achieved in the third quarter and also in the first 9 months of 2019.
Order intake in Q3 is up again and reached nearly EUR 2.1 billion, predominantly driven by Pulp & Paper. Order backlog has continued to rise and after 2 years, we have exceeded the first time EUR 8 billion as backlog. In regards to the earnings development, we booked in the third quarter, the restructuring charges, predominantly Schuler, there is
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