EANS-News: ANDRITZ GROUP: favorable business development in the third quarter of 2015
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quarterly report
Graz, November 6, 2015. In the third quarter of 2015, international technology
Group ANDRITZ showed a favorable business development:
- Sales amounted to 1,583.5 MEUR in the third quarter of 2015 and were thus
8.2% higher than the figure in the third quarter of 2014 (1,463.5 MEUR),
with all four business areas increasing their sales. In the first three
quarters of 2015, Group sales rose by 11.3% to 4,589.1 MEUR compared to last
year's reference period (Q1-Q3 2014: 4,122.9 MEUR).
- The order intake in the third quarter of 2015, at 1,187.6 MEUR, was 25.4%
below the high figure for the previous year's reference period (Q3 2014:
1,591.5 MEUR), which included some large orders in the PULP & PAPER and
METALS business areas. In connection with the decline in order intake it has
to be mentioned that the large order awarded to ANDRITZ by Fibria in July 2015
to supply equipment for a new pulp mill in Brazil was booked in the fourth
quarter of 2015; typical order values of comparable projects are about
600 MEUR. In the first three quarters of 2015, the order intake amounted to
3,767.6 MEUR and was thus 17.6% below the high previous year's reference
figure (Q1-Q3 2014: 4,571.6 MEUR).
- Earnings of the ANDRITZ GROUP developed favorably. In the third quarter of
2015, EBITA rose to 110.1 MEUR, which is an increase of 9.0% compared to the
previous year's reference figure (Q3 2014: 101.0 MEUR). The EBITA margin
amounted to 7.0% (Q3 2014: 6.9%). As announced at the end of August 2015,
around 55 MEUR of financial provisions were booked in the reporting period
for optimization of the value chain at Schuler. These provisions were partly
offset by project-related one-off improvements in the amount of approximately
30 MEUR in the PULP & PAPER business area. After adjustment of these
extraordinary effects, the Group's EBITA amounted to 135.1 MEUR and the EBITA
margin to 8.5% in the third quarter of 2015. Earnings also increased
substantially in the first three quarters of 2015. At 295.0 MEUR, the EBITA
was 25.9% higher than the figure for the previous year's reference period
(Q1-Q3 2014: 234.4 MEUR), while the EBITA margin amounted to 6.4%
(Q1-Q3 2014: 5.7%). Excluding the extraordinary effects booked in the third
quarter of 2015, the EBITA increased to 320.0 MEUR and the EBITA margin to
7.0%.
- Net income (without non-controlling interests) in the first three quarters
of 2015 reached 181.3 MEUR (Q1-Q3 2014: 123.6 MEUR).
On the basis of this business development, the project activity in the ANDRITZ
business areas, and the order backlog as of end of September 2015, ANDRITZ
currently expects an increase in sales and net income for 2015 compared to
the previous year. However, if the economic weakness looming in the emerging
economies (particularly China) worsens in the coming months and the global
economy further weakens, this could have a negative impact on ANDRITZ's
business development.
- End -
Key financial figures of the ANDRITZ GROUP at a glance
(in MEUR) Q1-Q3 Q1-Q3
2015 2014 +/- Q3 2015 Q3 2014 +/- 2014
Sales 4,589.1 4,122.9 +11.3% 1,583.5 1,463.5 +8.2% 5,859.3
HYDRO 1,309.6 1,232.2 +6.3% 443.3 426.8 +3.9% 1,752.3
PULP & PAPER 1,586.4 1,369.9 +15.8% 542.5 500.6 +8.4% 1,969.3
METALS 1,239.8 1,111.8 +11.5% 443.7 389.5 +13.9% 1,550.4
SEPARATION 453.3 409.0 +10.8% 154.0 146.6 +5.0% 587.3
Order intake 3,767.6 4,571.6 -17.6% 1,187.6 1,591.5 -25.4% 6,101.0
HYDRO 1,122.0 1,166.0 -3.8% 327.3 351.4 -6.9% 1,816.7
PULP & PAPER 1,255.7 1,629.9 -22.9% 346.8 572.4 -39.4% 1,995.7
METALS 953.8 1,328.1 -28.2% 358.4 530.2 -32.4% 1,692.8
SEPARATION 436.1 447.9 -2.6% 155.1 137.5 +12.8% 595.8
Order backlog
(as of end
of period) 6,891.8 7,702.2 -10.5% 6,891.8 7,702.2 -10.5% 7,510.6
EBITDA 364.1 298.9 +21.8% 133.2 123.2 +8.1% 472.0
EBITDA margin (%) 7.9 7.2 - 8.4 8.4 - 8.1
EBITA 295.0 234.4 +25.9% 110.1 101.0 +9.0% 379.5
EBITA margin (%) 6.4 5.7 - 7.0 6.9 - 6.5
Earnings before
Interest and
Taxes (EBIT) 259.1 176.0 +47.2% 99.5 81.6 +21.9% 295.7
Financial result 4.0 -1.7 +335.3% -2.8 0.0 n.a. 3.7
Earnings Before
Taxes (EBT) 263.1 174.3 +50.9% 96.7 81.6 +18.5% 299.4
Net income
(without non-
controlling
interests) 181.3 123.6 +46.7% 67.4 56.9 +18.5% 210.9
Cash flow
from operating
activities 132.8 225.6 -41.1% 140.6 176.6 -20.4% 342.1
Capital
expenditure 59.7 61.9 -3.6% 23.4 27.4 -14.6% 106.5
Employees
(as of end of
period; without
apprentices) 24,769 24,468 +1.2% 24,769 24,468 +1.2% 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 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 and Financial Reports of the ANDRITZ GROUP are available as PDF
for download at www.andritz.com. Printed copies may be requested free of
charge from 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