EANS-News: ANDRITZ GROUP: results for the first quarter of 2014
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3-month report
Graz (euro adhoc) - Graz, May 6, 2014. International technology Group ANDRITZ
today presented its results for the first quarter of 2014. The key financial
figures developed as follows:
- Sales amounted to 1,219.5 million euros (MEUR) and were thus 4.8% higher
than the reference figure for the previous year (Q1 2013: 1,163.8 MEUR).
This increase is due to the Schuler Group*; excluding Schuler, sales would
have decreased by 8.9% mainly as a result of the project-related low sales
generation in several business areas.
- The order intake, at 1,742.2 MEUR, saw a very favorable development,
rising by 35.2% compared to the first quarter of 2013 (Q1 2013: 1,288.3 MEUR).
The Schuler Group contributed 319.8 MEUR; excluding Schuler, the order
intake would have increased by 19.3%, with the PULP & PAPER business area
noting a very good order intake.
- The order backlog as of March 31, 2014 increased to 7,734.7 MEUR compared
to the end of last year (December 31, 2013: 7,388.5 MEUR).
- The EBITA amounted to 48.6 MEUR (Q1 2013: 14.2 MEUR). Earnings were thus
considerably above the very low reference figure of the previous year,
which was strongly negatively impacted by high provisions booked for a
pulp mill project in South America, but still failed to reach a
satisfactory level, as did the EBITA margin at 4.0% (Q1 2013: 1.2%).
This is attributable in particular to the project-related low sales
generation and cost overruns on some projects in the PULP & PAPER, METALS
(excluding Schuler), and SEPARATION business areas.
- Net income (excluding non-controlling interests), at 20.7 MEUR, was
significantly above the very low reference figure for the previous year
(Q1 2013: 4.1 MEUR).
On the basis of this business development, the order backlog, and the sales
contribution by the Schuler Group, which was not included in the accounts
for full twelve months in 2013, the ANDRITZ GROUP expects a slight rise in
sales in the 2014 business year compared to the previous year.
The net income is currently expected to show a significant
improvement compared to the low level in 2013.
* First-time consolidation of Schuler: March 1, 2013; thus in Q1 2013
included for one month only
- End -
Key financial figures of the ANDRITZ GROUP at a glance
Unit Q1 2014 Q1 2013* +/- 2013
Sales MEUR 1,219.5 1,163.8 +4.8% 5,710.8
HYDRO MEUR 362.8 381.2 -4.8% 1,804.8
PULP & PAPER MEUR 399.6 452.4 -11.7% 2,005.3
METALS MEUR 332.8 202.0 +64.8% 1,311.0
SEPARATION MEUR 124.3 128.2 -3.0% 589.7
Order intake MEUR 1,742.2 1,288.3 +35.2% 5,611.0
HYDRO MEUR 523.3 574.2 -8.9% 1,865.4
PULP & PAPER MEUR 654.8 423.5 +54.6% 1,907.7
METALS MEUR 420.1 144.5 +190.7% 1,233.8
SEPARATION MEUR 144.0 146.1 -1.4% 604.1
Order backlog (as
of end of period) MEUR 7,734.7 7,844.3 -1.4% 7,388.5
EBITDA MEUR 69.5 32.0 +117.2% 255.2
EBITDA margin % 5.7 2.7 - 4.5
EBITA MEUR 48.6 14.2 +242.3% 164.1
EBITA margin % 4.0 1.2 - 2.9
Earnings Before
Interest and
Taxes (EBIT) MEUR 29.0 3.1 +835.5% 89.8
Financial result MEUR -1.5 -1.1 -36.4% -9.5
Earnings Before
Taxes (EBT) MEUR 27.5 2.0 +1,275.0% 80.3
Net income
(without non-
controlling
interests) MEUR 20.7 4.1 +404.9% 66.6
Cash flow from
operating
activities
MEUR 61.0 -79.7 +176.5% 93.7
Capital
expenditure MEUR 17.2 21.4 -19.6% 111.4
Employees (as
of end of period;
without
apprentices) - 23,790 23,660 +0.5% 23,713
* The Schuler Group was consolidated into the consolidated financial
statements of the ANDRITZ GROUP as of March 1, 2013 and is allocated to 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. EUR = 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 23,800 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 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:
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
Original content of: Andritz AG, transmitted by news aktuell