EANS-News: ANDRITZ GROUP: solid business development in the third quarter of 2014
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9-month report
Graz, November 6, 2014. In the third quarter of 2014, international technology
Group ANDRITZ showed solid business development in an unchanged challenging
economic environment:
- Sales amounted to 1,463.5 MEUR in the third quarter of 2014 and were thus
below the level of the previous year's reference period (Q3 2013: 1,534.5
MEUR); the decline of 4.6% is mainly due to a project-related drop in sales
in the PULP & PAPER and the METALS business areas. In the first three
quarters of 2014, sales of the Group amounted to 4,122.9 MEUR and thus
practically reached last year's reference figure (-0.5% versus Q1-Q3 2013:
4,144.6 MEUR).
- The order intake in the third quarter of 2014 amounted to 1,591.5 MEUR,
which is 4.3% higher than the very good level in the third quarter of 2013
(1,525.3 MEUR). This positive development is attributable to the METALS
business area, where several larger orders were secured in the metalforming
(Schuler) and aluminum sectors. In the first three quarters of 2014, the
order intake of the Group saw very favorable development: At 4,571.6 MEUR,
order intake was 12.8% higher than in the previous year's reference period
(Q1-Q3 2013: 4,051.3 MEUR) - with the Schuler Group contributing 916.3 MEUR
(Q1-Q3 2013: 657.8 MEUR); however, Schuler was only included in the last
year's reference period from March 1, 2013 (date of first-time consolidation).
Excluding Schuler, the Group's order intake would have increased by 7.7%.
- As of September 30, 2014, the order backlog amounted to 7,702.2 MEUR -
an increase of 4.2% compared to the end of 2013 (December 31, 2013: 7,388.5
MEUR).
- In the third quarter of 2014, the EBITA amounted to 101.0 MEUR and was thus
44.1% higher than the low level of the previous year's reference period
(Q3 2013: 70.1 MEUR), which was impacted negatively by additional costs
in the PULP & PAPER and the SEPARATION business areas. The Group's EBITA
margin also increased substantially to 6.9% (Q3 2013: 4.6%). In the first
three quarters of 2014, the EBITA amounted to 234.4 MEUR (+40.4% versus
Q1-Q3 2013: 167.0 MEUR) and the EBITA margin was 5.7% (Q1-Q3 2013: 4.0%).
- The net income of the Group in the first three quarters of 2014 amounted
to 123.6 MEUR and was thus significantly higher than the previous year's
reference value (Q1-Q3 2013: 78.8 MEUR).
On the basis of this business development, the current order backlog, and
the sales contribution by the Schuler Group, which was not included in the
accounts for the full twelve months in 2013, ANDRITZ expects a slight rise
in sales in the 2014 business year compared to the previous year. A
significant improvement is expected in the net income compared to the low
level of 2013.
- End -
Key financial figures of the ANDRITZ GROUP at a glance
Unit Q1-Q3 '14 Q1-Q3 '13 +/- Q3 '14 Q3 '13 +/-
Sales MEUR 4,122.9 4,144.6 -0.5% 1,463.5 1,534.5 -4.6%
HYDRO MEUR 1,232.2 1,301.5 -5.3% 426.8 450.9 -5.3%
PULP & PAPER MEUR 1,369.9 1,456.7 -6.0% 500.6 524.5 -4.6%
METALS MEUR 1,111.8 962.9 +15.5% 389.5 413.7 -5.8%
SEPARATION MEUR 409.0 423.5 -3.4% 146.6 145.4 +0.8%
Order intake MEUR 4,571.6 4,051.3 +12.8% 1,591.5 1,525.3 +4.3%
HYDRO MEUR 1,166.0 1,221.6 -4.6% 351.4 367.3 -4.3%
PULP & PAPER MEUR 1,629.6 1,417.3 +15.0% 572.4 602.3 -5.0%
METALS MEUR 1,328.1 958.3 +38.6% 530.2 423.8 +25.1%
SEPARATION MEUR 447.9 454.1 -1.4% 137.5 131.9 +4.2%
Order backlog
(as of end
of period) MEUR 7,702.2 7,464.5 +3.2% 7,702.2 7,464.5 +3.2%
EBITDA MEUR 298.9 229.3 +30.4% 123.2 93.3 +32.0%
EBITDA margin % 7.2 5.5 - 8.4 6.1 -
EBITA MEUR 234.4 167.0 +40.4% 101.0 70.1 +44.1%
EBITA margin % 5.7 4.0 - 6.9 4.6 -
Earnings Before
Interest and
Taxes(EBIT) MEUR 176.0 116.2 +51.5% 81.6 50.3 +62.2%
Financial result MEUR -1.7 -5.4 +68.5% 0.0 -2.3 +100.0%
Earnings Before
Taxes (EBT) MEUR 174.3 110.8 +57.3% 81.6 48.0 +70.0%
Net income
(without non-
controlling
interests) MEUR 123.6 78.8 +56.9% 56.9 31.9 +78.4%
Cash flow from
operating
activities MEUR 225.6 -81.1 +378.2% 176.6 5.4 +3,170.4%
Capital
expenditure MEUR 61.9 65.5 -5.5% 27.4 21.1 +29.9%
Employees
(as of end of
(period; without
apprentices) - 24,468 23,939 +2.2% 24,468 23,939 +2.2%
The Schuler Group was consolidated into the consolidated financial statements
of the ANDRITZ GROUP as of March 1, 2013 and is part of the METALS business
area.
All figures according to IFRS. Due to the utilization of automatic calculation
programs, differences can arise in the addition of rounded totals and
percentages. MEUR = million euros.
The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants, equipment, and
services for hydropower stations, the pulp and paper industry, the
metalworking and steel industries, and solid/liquid separation in the
municipal and industrial sectors. The publicly listed, international
technology Group is headquartered in Graz, Austria, and has a staff of around
24,500 employees. ANDRITZ operates over 250 production sites as well as
service and sales companies all around the world. The ANDRITZ GROUP ranks among
the global market leaders in all four of its business areas. One of the
Group's overall strategic goals is to strengthen and extend this position.
At the same time, the company aims to secure the continuation of profitable
growth in the long-term.
Annual and financial reports
The Annual and Financial Reports of the ANDRITZ GROUP are available as PDF for
download at www.andritz.com. Printed copies may be requested free of charge
from investors@andritz.com.
Disclaimer
Certain statements contained in this press release constitute "forward-looking
statements". These statements, which contain the words "believe", "intend",
"expect", and words of a similar meaning, reflect the Executive Board's beliefs
and expectations and are subject to risks and uncertainties that may cause
actual results to differ materially. As a result, readers are cautioned not
to place undue reliance on such forward-looking statements. The company
disclaims any obligation to publicly announce the result of any revisions to
the forward-looking statements made herein, except where it would be required
to do so under applicable law.
Further inquiry note:
Oliver Pokorny
Head of Corporate Communications
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com
end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English