EANS-News: ANDRITZ reports favorable 2014 business year
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annual result
Graz, March 5, 2015. In 2014, international technology Group ANDRITZ improved
all financial key figures compared to the previous year:
- Sales amounted to 5,859.3 million euros (MEUR) and were thus 2.6% higher
than in the previous year (2013: 5,710.8 MEUR).
- Order intake increased by 8.7%, reaching an all-time high of 6,101.0 MEUR
(2013: 5,611.0 MEUR). This positive development is attributable to the
PULP & PAPER and METALS business areas.
- The order backlog at the end of 2014 amounted to 7,510.6 MEUR (+1.7%
compared to the end of 2013: 7,388.5 MEUR) and thus also reached a new record
high.
- At 379.5 MEUR, the EBITA was well above the very low level of the previous
year, which was impacted negatively by additional costs in the PULP & PAPER
and SEPARATION business areas (+131.3% versus 2013: 164.1 MEUR). The EBITA
margin also increased substantially to 6.5% (2013: 2.9%).
- Net income increased to 210.0 MEUR (2013: 53.2 MEUR).
- The net worth position and capital structure as of December 31, 2014 remained
solid. Total assets amounted to 5,967.6 MEUR (December 31, 2013: 5,571.4 MEUR)
and the equity ratio to 17.0% (December 31, 2013: 16.7%). Liquid funds
reached 1,701.6 MEUR (end of 2013: 1,517.0 MEUR) and net liquidity amounted
to 1,065.1 MEUR (end of 2013: 893.1 MEUR).
- At the Annual General Meeting on March 26, 2015, the Executive Board will
propose a dividend increase to 1.00 EUR per share for the 2014 business
year (2013: 0.50 EUR).
Wolfgang Leitner, President and CEO of ANDRITZ AG, on the outlook for the 2015
business year: "From today's perspective, no substantial change is expected in
project activity in the markets served by ANDRITZ compared to the satisfactory
level of 2014. The market environment is still challenging, which is why we
will continue with our measures to further enhance competitiveness and
profitability this year."
On the basis of these expectations and the order backlog at the end of 2014,
ANDRITZ expects a slight sales increase in 2015 as well as an improvement in
net income compared to 2014.
- End -
Key financial figures at a glance
(in MEUR) 2014 2013 +/- Q4 2014 Q4 2013 +/-
Sales 5,859.3 5,710.8 +2.6% 1,736.4 1,566.2 +10.9%
HYDRO 1,752.3 1,804.8 -2.9% 520.1 503.3 +3.3%
PULP & PAPER 1,969.3 2,005.3 -1.8% 599.4 548.6 +9.3%
METALS 1,550.4 1,311.0 +18.3% 438.6 348.1 +26.0%
SEPARATION 587.3 589.7 -0.4% 178.3 166.2 +7.3%
Order intake 6,101.0 5,611.0 +8.7% 1,529.4 1,559.7 -1.9%
HYDRO 1,816.7 1,865.4 -2.6% 650.7 643.8 +1.1%
PULP & PAPER 1,995.7 1,907.7 +4.6% 366.1 490.4 -25.3%
METALS 1,692.8 1,233.8 +37.2% 364.7 275.5 +32.4%
SEPARATION 595.8 604.1 -1.4% 147.9 150.0 -1.4%
Order backlog
(as of end of period) 7,510.6 7,388.5 +1.7% 7,510.6 7,388.5 +1.7%
EBITDA 472.0 255.2 +85.0% 173.1 25.9 +568.3%
EBITDA margin 8.1% 4.5% - 10.0% 1.7% -
EBITA 379.5 164.1 +131.3% 145.1 -2.9 +5,103.4%
EBITA margin 6.5% 2.9% - 8.4% -0.2% -
EBIT 295.7 89.8 +229.3% 119.7 -26.4 +553.4%
Financial result 3.7 -9.5 +138.9% 5.4 -4.1 +231.7%
EBT 299.4 80.3 +272.9% 125.1 -30.5 +510.2%
Net income
(without non-
controlling interests) 210.9 66.6 +216.7% 87.3 -12.2 +815.6%
Cash flow from
operating activities 342.1 93.7 +265.1% 342.1 174.8 +95.7%
Capital expenditure 106.5 111.4 -4.4% 44.6 45.9 -2.8%
Employees (as of end
of period; without
apprentices) 24,853 23,713 +4.8% 24,853 23,713 +4.8%
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. No pro forma figures are available for the reference period of
the previous year.
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:
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 von: Andritz AG, übermittelt durch news aktuell