EANS-News: ANDRITZ GROUP: Results for the first quarter of 2016
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
quarterly report
Graz, May 4, 2016. International technology Group ANDRITZ saw a solid
development of profitability in the first quarter of 2016 despite slight
declines in sales and order intake.
The key financial figures developed as follows:
* Sales amounted to 1,285.6 million euros (MEUR) and were thus lower than the
reference figure for the previous year (-8.5% versus Q1 2015: 1,404.3 MEUR).
All business areas recorded a decline in sales.
* Order intake, at 1,247.4 MEUR, reached a satisfactory level, however, it was
12.8% below the reference figure of the previous year (Q1 2015: 1,430.6 MEUR).
While the PULP & PAPER business area in particular and also SEPARATION were
able to increase order intake compared to Q1 2015, HYDRO and METALS saw a
significant decline in order intake.
* Order backlog as of March 31, 2016 amounted to 7,147.6 MEUR, thus decreasing
slightly compared to the end of last year (December 31, 2015: 7,324.2 MEUR).
* Despite the decline in sales, EBITA increased to 83.9 MEUR (Q1 2015:
73.4 MEUR). This is due to the very positive development in the PULP & PAPER
and HYDRO business areas. Thus, profitability of the Group (EBITA margin)
increased to 6.5% (Q1 2015: 5.2%).
* Net income without non-controlling interests increased to 52.5 MEUR (Q1 2015:
44.0 MEUR).
The situation on the markets served by ANDRITZ basically has not changed
compared to 2015. While unchanged good project and investment activity prevails
in the PULP & PAPER business area, several projects in HYDRO and METALS have
been stopped temporarily or delayed due to uncertain demand. Based on the
business results achieved in the first quarter of 2016, ANDRITZ expects Group
sales for 2016 to decrease slightly compared to 2015. At the same time, however,
profitability is expected to remain at a solid level.
- End -
Key financial figures at a glance
Unit Q1 2016 Q1 2015 +/- 2015
Sales MEUR 1,285.6 1,404.3 -8.5% 6,377.2
HYDRO MEUR 367.9 407.9 -9.8% 1,834.8
PULP & PAPER MEUR 457.6 480.5 -4.8% 2,196.3
METALS MEUR 333.0 377.1 -11.7% 1,718.1
SEPARATION MEUR 127.1 138.8 -8.4% 628.0
Order intake MEUR 1,247.4 1,430.6 -12.8% 6,017.7
HYDRO MEUR 252.0 447.0 -43.6% 1,718.7
PULP & PAPER MEUR 545.6 462.4 +18.0% 2,263.9
METALS MEUR 299.3 384.9 -22.2% 1,438.6
SEPARATION MEUR 150.5 136.3 +10.4% 596.5
Order backlog
(as of end of period) MEUR 7,147.6 7,785.6 -8.2% 7,324.2
EBITDA MEUR 106.7 96.1 +11.0% 534.7
EBITDA margin % 8.3 6.8 - 8.4
EBITA MEUR 83.9 73.4 +14.3% 429.0
EBITA margin % 6.5 5.2 - 6.7
Earnings Before Interest
and Taxes (EBIT) MEUR 74.2 61.5 +20.7% 369.1
Financial result MEUR 0.7 1.1 -36.4% 7.3
Earnings Before Taxes (EBT) MEUR 74.9 62.6 +19.6% 376.4
Net income (without
non-controlling interests) MEUR 52.5 44.0 +19.3% 267.7
Cash flow from
operating activities MEUR 167.5 37.2 +350.3% 179.4
Capital expenditure MEUR 16.5 20.8 -20.7% 101.4
Employees
(as of end of period;
without apprentices) - 24,195 24,855 -2.7% 24,508
~
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. EUR = euros.
Press release for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.
The ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, the metalworking and steel
industries, and for solid/liquid separation in the municipal and industrial
sectors. The publicly listed technology Group is headquartered in Graz, Austria,
and has a staff of approximately 24,200 employees. ANDRITZ operates over 250
sites worldwide.
Annual and financial reports
The annual reports and financial reports of the ANDRITZ GROUP are available as
PDF for download at www.andritz.com. Printed copies can be requested by e-mail
to 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:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
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