EANS-News: ANDRITZ GROUP: Results for the first quarter of 2017
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quarterly report
Graz, May 4, 2017. International technology group ANDRITZ saw solid
business development in the first quarter of 2017, with increases in
order intake, sales, earnings, and profitability.
The key financial figures developed as follows:
- Due to significant increases in the PULP & PAPER and METALS business areas,
sales rose to 1,386.2 million euros (MEUR) and were thus 7.8% higher than the
figure for the previous year's reference period (Q1 2016: 1,285.6 MEUR).
- At 1,560.0 MEUR, order intake reached a favorable level and was 25.1% higher
than the low reference figure for the previous year (Q1 2016: 1,247.4 MEUR).
All business areas - above all PULP & PAPER and METALS - saw increases in
order intake compared to the previous year's reference period.
- The order backlog as of March 31, 2017 amounted to 6,974.2 MEUR and has thus
risen slightly compared to the end of 2016 (December 31, 2016: 6,789.2 MEUR).
- The EBITA amounted to 97.4 MEUR (+16.1% vs. Q1 2016: 83.9 MEUR) and thus
increased more than sales. This positive development is attributable above
all to the PULP & PAPER, METALS, and SEPARATION business areas. As a result,
the Group's profitability (EBITA margin) increased to 7.0% (Q1 2016: 6.5%).
- Net income without non-controlling interests increased to 63.0 MEUR
(Q1 2016: 52.5 MEUR).
Outlook for 2017:
Expectations for development of the markets served by ANDRITZ have not
changed substantially compared to estimates made by end of 2016. While cautious
investment activity is expected to remain in the HYDRO sector, particularly
in Europe, and a continuation of the moderate market development is also
anticipated in the SEPARATION business area, a solid market environment is
expected for the PULP & PAPER business area despite somewhat weaker project
activity in South America. Unchanged satisfactory project activity is also
expected for the METALS business area. Wolfgang Leitner, President & CEO of
ANDRITZ AG: "We are very satisfied with business development during the first
quarter of 2017 and continue to expect both sales and profitability for the
full year in 2017 to at least remain
unchanged compared to 2016."
- End -
Key financial figures at a glance
Unit Q1 2017 Q1 2016 +/- 2016
Sales MEUR 1,386.2 1,285.6 +7.8% 6,039.0
HYDRO MEUR 355.9 367.9 -3.3% 1,752.4
PULP & PAPER MEUR 508.7 457.6 +11.2% 2,094.4
METALS MEUR 397.5 333.0 +19.4% 1,598.4
SEPARATION MEUR 124.1 127.1 -2.4% 593.8
Order intake MEUR 1,560.0 1,247.4 +25.1% 5,568.8
HYDRO MEUR 309.5 252.0 +22.8% 1,500.3
PULP & PAPER MEUR 653.3 545.6 +19.7% 1,919.5
METALS MEUR 442.7 299.3 +47.9% 1,551.5
SEPARATION MEUR 154.5 150.5 +2.7% 597.5
Order backlog (as
(of end of period) MEUR 6,974.2 7,147.6 -2.4% 6,789.2
EBITDA MEUR 120.7 106.7 +13.1% 542.4
EBITDA margin % 8.7 8.3 - 9.0
EBITA MEUR 97.4 83.9 +16.1% 442.1
EBITA margin % 7,0 6.5 - 7.3
Earnings Before
Interest and
Taxes (EBIT) MEUR 86.9 74.2 +17.1% 385.8
Financial result MEUR 3.4 0.7 +385.7% 12.6
Earnings Before
Taxes (EBT) MEUR 90.3 74.9 +20.6% 398.4
Net income
(without non-
controlling
interests) MEUR 63.0 52.5 +20.0% 274.6
Cash flow from
operating
activities MEUR 147.7 167.5 -11.8% 366.6
Capital
expenditure MEUR 29.0 16.5 +75.8% 119.5
Emploeyees (as of
(end of period;
without apprentices) - 25,247 24,195 +4.3% 25,162
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 as well as for animal feed and biomass pelleting. Other important
business segments include automation and service business. In addition,
the international Group is also active in the power generating sector
(steam boiler plants, biomass boilers, recovery boilers, and gasification
plants) and in environmental technology (flue gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard as
well as recycling plants. The publicly listed technology Group is headquartered
in Graz, Austria, and has a staff of approximately 25,200 employees.
ANDRITZ operates more than 250 sites in over 40 countries.
Annual and financial reports
Annual and Financial reports are available for download at the
ANDRITZ web site www.andritz.com, and printed editions can be requested free
of charge 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 Finance, Corporate Communications & Investor Relations
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
Original content of: Andritz AG, transmitted by news aktuell