EANS-Adhoc: ANDRITZ AG:
- Further financial provisions for pulp mill project in South America
- Preliminary results 2013 for the ANDRITZ GROUP: sales between
5.7 and 5.8 bn. euros; expected EBITA of approximately 160 MEUR
- Order intake in 2013 ...
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13.01.2014
Graz, January 13, 2014. International technology Group ANDRITZ announces ad hoc
that further financial provisions in the middle double-digit million euro range
are necessary in connection with supplies for a pulp mill in South America.
These provisions will have a significant negative impact on the earnings of the
ANDRITZ GROUP in the fourth quarter of 2013, and consequently also on the full
year results for 2013.
The reasons for the provisions are additional project cost overruns resulting
from strikes on the site and additional expenses for construction and erection
work. From today's perspective, there is no evidence of a need for further
financial provisions - however, they cannot be excluded. Start-up of the plant
is expected in the first quarter of 2014.
As a result of all the financial provisions made for the pulp project in South
America in 2013, the EBITA of the ANDRITZ GROUP in 2013 is expected to reach
approximately 200 MEUR and, after deduction of the provisions already announced
in the third quarter of 2013 for structural improvement measures planned in the
Schuler Group (acquired by ANDRITZ in 2013), approximately 160 MEUR (2012: 357.8
MEUR), respectively. Sales of the ANDRITZ GROUP in 2013 are expected to amount
to between 5.7 and 5.8 bn. euros (2012: 5,176.9 MEUR).
Order intake of the Group in the fourth quarter of 2013 amounted to
approximately 1.5 bn. euros, thus order intake of the Group in 2013 is expected
to reach around 5.5 bn. euros. This is an increase of about 12% compared to the
previous year (2012: 4,924.4 MEUR).
The final financial results and more detailed information for the 2013 business
year will be published as scheduled on February 28, 2014,
- End -
Press release for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.
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. In addition, ANDRITZ offers technologies for certain other
sectors including automation, the production of animal feed and biomass pellets,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
biomass torrefaction plants. The publicly listed, international technology Group
is headquartered in Graz, Austria, and has a staff of around 23,900 employees.
ANDRITZ operates over 220 production sites as well as service and sales
companies all around the world.
Further inquiry note:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com
end of announcement euro adhoc
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issuer: 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