Andritz AG

EANS-News: ANDRITZ reports favorable 2014 business year

--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
--------------------------------------------------------------------------------

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 
--------------------------------------------------------------------------------


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
 



Weitere Meldungen: Andritz AG

Das könnte Sie auch interessieren: