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euro adhoc: Andritz AG
Financial Figures/Balance Sheet
Andritz: Results for the First Three Quarters of 2005 - Significant increase in Order Intake, Sales and Net Income - Order Intake at record level - Financial guidance for 2005 confirmed

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
08.11.2005
Graz, November 8, 2005.  Technology Group Andritz reports a favorable
business development for the First Three Quarters of 2005.  Sales of
the Group increased to 1,204.0 MEUR, up 12.5% compared to the
reference period of last year (Q1-Q3 2004: 1,070.3 MEUR).  Net Income
excluding minority interests, at 56.8 MEUR, was also significantly up
compared to last year’s reference period (Q1-Q3 2004: 37.7 MEUR).
Order Intake also developed very favorably; at 1,400.2 MEUR, it was
31.0% higher than during the reference period of last year (Q1-Q3
2004: 1,068.5 MEUR).  Order Backlog, at 1,667.8 MEUR, reached a new
record level, thus giving a good visibility with regard to Sales for
the coming Quarters.
For the full year of 2005, the Managing Board of Andritz confirms its
financial guidance and expects Sales to increase by approximately 20%
and Net Income by approximately 35% compared to 2004.
Favorable development of Sales During the First Three Quarters of
2005, Sales of the Andritz Group increased to 1,204.0 MEUR (Q1-Q3
2004: 1,070.3 MEUR), with first-time consolidated companies
contributing 16.0 MEUR to Sales.
Order Intake significantly above last year’s reference period Order
Intake for the First Three Quarters of 2005 was 1,400.2 MEUR,
increasing 31.0% compared to the reference period of last year (Q1-Q3
2004: 1,068.5 MEUR).  In particular, the Rolling Mills and Strip
Processing Lines and the Environment and Process Business Areas
increased Order Intake significantly compared to last year.
First-time consolidated companies contributed approximately 13.3 MEUR
to Order Intake during the reporting period.
Order Backlog at record level Order Backlog as of 30.9.2005, at
1,667.8 MEUR, reached a new record level (30.9.2004: 1,080.9 MEUR).
Thus, the Andritz Group has a solid visibility with regard to Sales
for the coming months.
Strong increase in Earnings As a result of Sales growth and continued
cost optimizations, Earnings before Interest, Taxes, and Amortization
of Goodwill (EBITA) increased to 72.8 MEUR during the First Three
Quarters of 2005 (Q1-Q3 2004: 64.4 MEUR).  Due to the application of
IFRS 3, which prohibits the amortization of goodwill from 2005,
Earnings before Interest, and Taxes (EBIT) surged over proportionally
to 72.8 MEUR during the First Three Quarters of 2005 (Q1-Q3 2004:
52.4 MEUR).
Net Income after deduction of Minority Interests amounted to 56.8
MEUR, increasing by 50.7% compared to the reference period of last
year (Q1-Q3 2004: 37.7 MEUR).
Outlook Based on the financial results for the First Three Quarters
of 2005 the Andritz Group expects to reach new record results for the
full year of 2005.  The Managing Board confirms its financial
guidance given on the occasion of the results for the First Half of
2005 and expects Group Sales to increase by approximately 20%, and
Net Income by approximately 35% compared to 2004.
"We intend to raise dividend for 2005 at least in step with the
expected increase of Net Income, which corresponds to a payout ratio
of approximately 35%", says Wolfgang Leitner, President and CEO of
Andritz, and adds: "In targeting an even more shareholder oriented
dividend policy, it is planned to increase the payout ratio to 40% on
a medium-term basis".
For 2006, Wolfgang Leitner is optimistic: "Based on the forecasts of
economic researchers, who expect global economic growth to continue
over the next Quarters, we expect a satisfactory project activity in
all of our Business Areas. Taking into account these positive
economic conditions and our high Order Backlog we are confident for
the coming year":
Key Figures for the First Three Quaters of 2005
(in MEUR)          Q1-Q3 2004   Q1-Q3 2005   Change   Q3 2004   Q3 2005  Change
Sales               1,070.3       1,204.0    +12.5%    384.5      426.5  +10.9%
Order Intake        1,068.5       1,400.2    +31.0%    292.9      509.9  +74.1%
Order Backlog
(end of period)     1,080.9       1,667.8    +54.3%  1,080.9    1,667.8  +54.3%
EBITDA 1)              80.8          90.4    +11.9%     28.8       33.7  +17.0%
EBITDA margin          7.5%          7.5%      -        7.5%       7.9%    -
EBITA 2)               64.4          72.8    +13.0%     23.1       27.6  +19.5%
EBITA margin           6.0%          6.0%      -        6.0%       6.5%    -
EBIT                  52.4           72.8    +38.9%     19.4       27.5  +41.8%
Earnings before
taxes                 52.6           75.1    +42.8%     19.9       28.4  +42.7%
Net Income
after minorities      37.7           56.8    +50.7%     12.2       24.1  +97.5%
Cash flow from
operating activities 130.6          107.3    -17.8%     40.1       68.8  +71.6%
CAPEX 3)               9.0           18.0   +100.0%      3.3        8.2 +148.5%
Employees
(end of period)      5,137          5,905    +15.0%    5,137      5,905  +15.0%
1) EBITDA: Earnings before Interest, Tax, Depreciation, and
Amortization of Goodwill  2) EBITA: Earnings before Amortization of
Goodwill  3) Additions to tangible and intangible assets
The Letter to Shareholders for the First Three Quarters of 2005 is
available on the Andritz web site (www.andritz.com) both as an online
and a PDF version.  Printed versions can be requested by telephone
(+43 316 6902 2722), fax (+43 316 6902 465) or e-mail
(petra.wolf@andritz.com).
The Andritz Group The Andritz Group - listed on the Vienna Stock
Exchange - is a global market leader for advanced production systems
for pulp and paper, steel and other specialized industries.  Andritz
has a staff of approximately 5,900 employees worldwide.  It develops
and makes its high-tech systems at 15 production sites (Austria,
Germany, Finland, Denmark, France, Netherlands, USA, Canada, and
China).
Disclaimer Certain statements contained in this press release
constitute "forward-looking statements". These statements, which
contain the words "believe", "intend", "expect" and words of similar
meaning, reflect management’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.
end of announcement                               euro adhoc 08.11.2005 07:30:00

Further inquiry note:

Dr. Michael Buchbauer
Head of Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN:
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing

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