HEIDENHEIM, Germany 12/21/11 (PennWell) -- Voith Hydro has expanded its sales by 6% during 2011 fiscal year 2011, the international energy conglomerate announced.
Voith Hydro, an joint effort between the Voith Group and Siemens, is one of the world's largest suppliers of hydroelectric equipment, technology and services.
According to a Voith release, the company's core markets of South America, NAFTA and China registered an 81% increase in orders to US$2.34 billion, while total orders-in-hand amounted to nearly $4.3 billion.
"These excellent figures are a definite confirmation of our long-term strategy, which is based on sustainable and profitable growth," said Dr. Hubert Lienhard, president and CEO of Voith GmbH's Management Board.
Overall, the company saw an order intake of 20-percent to $8.35 billion, exceeding Voith's previous best year in 2007-08. Sales also increased by 8-percent to $7.3 billion, netting the group more than $261 million in post-tax revenue.
Further financial information about companies in the hydropower industry is available in HydroWorld Financials.