Andritz AG

EANS-News: ANDRITZ GROUP: Favorable business development in the second quarter of 2011

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6-month report


Graz (euro adhoc) - Graz, August 9, 2011.  International technology Group
ANDRITZ showed a good business development in the second quarter of 2011 and
increased all relevant key figures compared to last year´s reference period.

 - Sales of the ANDRITZ GROUP amounted to 1,087.4 MEUR in the second quarter of
   2011 and was thus 31.0% higher than the reference figure for the previous 
   year (Q2 2010: 829.9 MEUR). While sales of FEED & BIOFUEL were unchanged,
   all other business areas noted a substantial increase in sales. In the first
   half of 2011, sales of the Group amounted to 2,011.1 MEUR, thus rising by 
   28.7% compared to last year´s reference figure (H1 2010: 1,562.2 MEUR).

 - The order intake in the second quarter of 2011, at 1,978.5 MEUR, reached the
   highest quarterly figure in the company´s history and rose by 41.8% compared
   to the high level of the previous year (Q2 2010: 1,395.3 MEUR). The PULP & 
   PAPER and the ENVIRONMENT & PROCESS business areas saw a substantial 
   increase in order intake. In the first half of 2011, Group order intake 
   amounted to 3,644.5 MEUR (+58.2% vs. H1 2010: 2,303.7 MEUR).

 - The order backlog as of June 30, 2011, at 7,249.0 MEUR, also reached a new
   record level and increased by 37.0% compared to the figure at the end of
   2010 (December 31, 2010: 5,290.9 MEUR).

 - The EBITA amounted to 75.5 MEUR in the second quarter of 2011 (+39.3% vs. Q2
   2010: 54.2 MEUR) and rose considerably more than sales. Thus, profitability
   (EBITA margin) increased to 6.9% (Q2 2010: 6.5%). The EBITA in the first 
   half of 2011 rose to 131.6 MEUR (97.9 MEUR in H1 2010: +34.4%), while the
   EBITA margin reached 6.5% (H1 2010. 6.3%).

 - The net income (excluding non-controlling interests) reached 51.5 MEUR in 
   the second quarter of 2011 (Q2 2010: 38.4 MEUR) and 88.5 MEUR in the first
   half of 2011 (H1 2010: 67.3 MEUR).

 - The balance sheet structure as of June 30, 2011 remained solid. The equity
   ratio amounted to 18.6% (December 31, 2010: 19.7%). Liquid funds (cash and
   cash equivalents plus marketable securities plus fair value of interest rate
   swaps and loans against borrowers´ notes) amounted to 1,697.4 MEUR (December
   31, 2010: 1,617.6 MEUR). Net liquidity (liquid funds minus financial 
   liabilities) increased to 1,264.2 MEUR and thus was higher than at the end 
   of last year (December 31, 2010: 1,177.0 MEUR). 

Commenting on the outlook for the 2011 business year, President and CEO Wolfgang
Leitner says: `At present, we see a good market environment and solid project
activity. Only in the METALS business area, the moderate project and investment
activity is expected to continue.´

Based on these expectations and the business results for the first six months of
this year, the ANDRITZ GROUP continues to expect a substantial increase in sales
and a rise in net income in the 2011 business year compared to the previous
year. If however, the global economy suffers a setback due to the Euro and US
debt crises in the coming months, this could have a negative impact on the
business development of the ANDRITZ GROUP.

- End -

Key figures of the ANDRITZ GROUP at a glance


(Acc. to IFRS; in MEUR)   H1 2011   H1 2010      +/-  Q2 2011   Q2 2010      +/-
Sales                     2,011.1   1,562.2   +28.7%  1,087.4     829.9   +31.0%
 HYDRO                      805.1     706.7   +13.9%    440.6     357.7   +23.2%
 PULP & PAPER               780.5     479.3   +62.8%    413.5     262.3   +57.6%
 METALS                     162.1     162.1    +/-0%     91.0      84.1    +8.2%
 ENVIRONMENT & PROCESS      192.8     144.5   +33.4%    105.2      88.8   +18.5%
 FEED & BIOFUEL              70.6      69.6    +1.4%     37.1      37.0    +0.3%

Order intake              3,644.5   2,303.7   +58.2%  1,978.5   1,395.3   +41.8%
 HYDRO                    1,097.1   1,150.0    -4.6%    513.2     758.6   -32.3%
 PULP & PAPER             2,037.9     748.7  +172.2%  1,226.8     408.6  +200.2%
 METALS                     183.1     141.6   +29.3%     78.4      98.9   -20.7%
 ENVIRONMENT & PROCESS      252.8     181.9   +39.0%    121.9      92.7   +31.5%
 FEED & BIOFUEL              73.6      81.5    -9.7%     38.2      36.5    +4.7%

Order backlog
(as of end of period)     7,249.0   5,384.9   +34.6%  7,249.0   5,384.9   +34.6%

EBITDA                      157.0     123.2   +27.4%     88.3      67.6   +30.6%
EBITDA margin                7.8%      7.9%      -       8.1%      8.1%      -

EBITA                       131.6      97.9   +34.4%     75.5      54.2   +39.3%
EBITA margin                 6.5%      6.3%      -       6.9%      6.5%      -

Earnings Before Interest
and Taxes (EBIT)            123.1      92.8   +32.7%     71.1      51.4   +38.3%

Financial result              4.0       3.6   +11.1%      1.0       1.7   -41.2%

Earnings Before
Taxes (EBT)                 127.1      96.4   +31.8%     72.1      53.1   +35.8%

Net income (excluding
non-controlling interests)   88.5      67.3   +31.5%     51.5      38.4   +34.1%

Cash flow from
operating activities        206.8     338.9   -39.0%     55.7     100.5   -44.6%

Investments in tangible
and intangible assets        23.5      22.2    +5.9%     13.2       8.3   +59.0%

Employees 
(as of end of period)      16,119    13,457   +19.8%   16,119    13,457   +19.8%


The interim financial report for the first half of 2011 as well as all annual
and financial reports of the ANDRITZ GROUP are available at www.andritz.com as
online and pdf versions. Printed copies can be requested by phone (+43 316 6902
2722), fax (+43 316 6902 465), or e-mail (investors@andritz.com).

The ANDRITZ GROUP
The ANDRITZ GROUP is a globally leading supplier of plants and services for the
hydropower, pulp and paper, metals, and other specialized industries
(solid/liquid separation, feed, and biofuel). The Group is headquartered in
Graz, Austria, and has a staff of approximately 16,100 employees worldwide.
ANDRITZ operates over 180 production sites, service and sales companies all
around the world.

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, Corporte 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
 



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