EANS-News: ANDRITZ GROUP: results for the first quarter of 2015
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
quarterly report
Graz, May 6, 2015. International technology Group ANDRITZ recorded a solid
business development in the first quarter of 2015. The key financial figures
developed as follows:
- Sales amounted to 1,404.3 million euros (MEUR) and were thus significantly
higher than the reference figure for the previous year (+15.2% versus Q1 2014:
1,219.5 MEUR). All business areas, particularly PULP & PAPER, recorded a
significant increase in sales.
- The order intake, at 1,430.6 MEUR, reached a satisfactory level. However, it
was 17.9% below the extraordinary high reference figure of the previous year,
which had included large orders in the HYDRO and PULP & PAPER business areas
(Q1 2014: 1,742.2 MEUR).
- The order backlog as of March 31, 2015 slightly increased to 7,785.6 MEUR
(December 31, 2014: 7,510.6 MEUR).
- The EBITA amounted to 73.4 MEUR (Q1 2014: 48.6 MEUR). Earnings were thus
51.0% above the low reference figure of last year, but still failed to reach
a satisfactory level, as did the EBITA margin at 5.2% (Q1 2014: 4.0%).
This is mainly attributable to temporary exchange rate differences from
negative market values from project-related currency hedges that will balance
out by the time the orders are completed/paid. Excluding these market values,
the EBITA margin of the Group would have amounted to 6.1%.
- Net income amounted to 44.0 MEUR (+112.6% versus Q1 2014: 20.7 MEUR).
On the basis of the current order backlog, ANDRITZ expects a slight increase
in sales and net income in 2015 compared to the previous year.
- End -
Key financial figures at a glance
Unit Q1 2015 Q1 2014 +/- 2014
Sales MEUR 1,404.3 1,219.5 +15.2% 5,859.3
HYDRO MEUR 407.9 362.8 +12.4% 1,752.3
PULP & PAPER MEUR 480.5 399.6 +20.2% 1,969.3
METALS MEUR 377.1 332.8 +13.3% 1,550.4
SEPARATION MEUR 138.8 124.3 +11.7% 587.3
Order intake MEUR 1,430.6 1,742.2 -17.9% 6,101.0
HYDRO MEUR 447.0 523.3 -14.6% 1,816.7
PULP & PAPER MEUR 462.4 654.8 -29.4% 1,995.7
METALS MEUR 384.9 420.1 -8.4% 1,692.8
SEPARATION MEUR 136.3 144.0 -5.3% 595.8
Order backlog
(as of end of period) MEUR 7,785.6 7,734.7 +0.7% 7,510.6
EBITDA MEUR 96.1 69.5 +38.3% 472.0
EBITDA margin % 6.8 5.7 - 8.1
EBITA MEUR 73.4 48.6 +51.0% 379.5
EBITA margin % 5.2 4.0 - 6.5
Earnings Before
Interest a. Taxes (EBIT) MEUR 61.5 29.0 +112.1% 295.7
Financial result MEUR 1.1 -1.5 +173.3% 3.7
Earnings Before
Taxes (EBT) MEUR 62.6 27.5 +127.6% 299.4
Net income (without
non-controlling
interests) MEUR 44.0 20.7 +112.6% 210.9
Cash flow from
operating activities MEUR 37.2 61.0 -39.0% 342.1
Capital expenditure MEUR 20.8 17.2 +20.9% 106.5
Employees (as of end
(of period; without
apprentices) - 24,855 23,790 +4.5% 24,853
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 euro. EUR = euro.
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 almost 25,000 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 Treasury, 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
Original content of: Andritz AG, transmitted by news aktuell