EANS-News: ANDRITZ GROUP: Results for the first half of 2016
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6-month report
Graz, August 5, 2016. International technology Group ANDRITZ saw solid
business development in the first half of 2016. The key financial figures
developed as follows:
- Sales in the first half of 2016 amounted to 2,761.2 MEUR, decreasing by 8.1%
compared to the previous year's reference period (H1 2015: 3,005.6 MEUR). In
the second quarter of 2016, sales decreased by 7.8% compared to the previous
year's reference period, reaching 1,475.6 MEUR (Q2 2015: 1,601.3 MEUR).
- In the first half of 2016, order intake of 2,566.4 MEUR was practically at
the same level as during the previous year's reference figure (-0.5% versus
H1 2015: 2,580.0 MEUR). In the second quarter of 2016, order intake amounted
to 1,319.0 MEUR, thus increasing by 14.8% compared to the previous year's
reference period (Q2 2015: 1,149.4 MEUR) and also by 5.7% compared to the
previous quarter (Q1 2016: 1,247.4 MEUR). This increase is particularly due
to some large orders being booked in the metal forming sector for the
automotive and the automotive supplying industry (market segment of Schuler).
- The order backlog as of June 30, 2016, amounted to 7,076.3 MEUR (-3.4%
versus December 31, 2015: 7,324.2 MEUR).
- Despite the decline of sales, the EBITA, at 183.0 MEUR, in the first half of
2016 remained practically at the same level as during the previous year's
reference period (-1.0% versus H1 2015: 184.9 MEUR). As a result,
profitability (EBITA margin) increased to 6.6% (H1 2015: 6.2%). In the
second quarter of 2016, the EBITA amounted to 99.1 MEUR (-11.1% versus
Q2 2015: 111.5 MEUR).
- Net income (without non-controlling interests) increased to 120.2 MEUR
(H1 2015: 113.9 MEUR) in the first half of 2016.
Wolfgang Leitner, President & CEO of ANDRITZ AG: "In view of the continuing,
difficult overall macroeconomic environment, we are satisfied with the results
achieved in the first half of the year. From today's perspective, we do not
expect any significant changes in the markets we serve for the remaining
months of this year."
On the basis of the current financial results, ANDRITZ expects a decline in
Group sales for the 2016 business year compared to 2015, but also expects
solid development of profitability at the same time.
- End -
Key financial figures of the ANDRITZ GROUP at a glance
(in MEUR) H1 2016 H1 2015 +/- Q2 2016 Q2 2015 +/- 2015
Sales 2,761.2 3,005.6 -8.1% 1,475.6 1,601.3 -7.8% 6,377.2
HYDRO 807.3 866.3 -6.8% 439.4 458.4 -4.1% 1,834.8
PULP & PAPER 980.4 1,043.9 -6.1% 522.8 563.4 -7.2% 2,196.3
METALS 703.6 796.1 -11.6% 370.6 419.0 -11.6% 1,718.1
SEPARATION 269.9 299.3 -9.8% 142.8 160.5 -11.0% 628.0
Order intake 2,566.4 2,580.0 -0.5% 1,319.0 1,149.4 +14.8% 6,017.7
HYDRO 591.4 794.7 -25.6% 339.4 347.7 -2.4% 1,718.7
PULP & PAPER 916.0 908.9 +0.8% 370.4 446.5 -17.0% 2,263.9
METALS 768.7 595.4 +29.1% 469.4 210.5 +123.0% 1,438.6
SEPARATION 290.3 281.0 +3.3% 139.8 144.7 -3.4% 596.5
Order backlog
(as of end
of period) 7,076.3 7,349.0 -3.7% 7,076.3 7,349.0 -3.7% 7,324.2
EBITDA 229.6 230.9 -0.6% 122.9 134.8 -8.8% 534.7
EBITDA margin (%) 8.3 7.7 - 8.3 8.4 - 8.4
EBITA 183.0 184.9 -1.0% 99.1 111.5 -11.1% 429.0
EBITA margin (%) 6.6 6.2 - 6.7 7.0 - 6.7
Earnings Before
Interest and
Taxes (EBIT) 163.0 159.6 +2.1% 88.8 98.1 -9.5% 369.1
Financial result 8.9 6.7 +32.8% 8.1 5.6 +44.6% 7.3
Earnings Before
Taxes (EBT) 171.8 166.4 +3.2% 96.9 103.8 -6.6% 376.4
Net income
(without non-
controlling
interests) 120.2 113.9 +5.5% 67.7 69.9 -3.1% 267.7
Cash flow from
operating
activities 200.6 -7.8 +2,671.8% 33.1 -45.0 +173.6% 179.4
Capital
expenditure 44.8 36.3 +23.4% 28.3 15.5 +82.6% 101.4
Employees
(as of end of
period; without
apprentices) 25,737 24,992 +3.0% 25,737 24,992 +3.0% 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 25,700 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 Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@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