Andritz AG

EANS-News: ANDRITZ GROUP: Solid business development in 2016

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annual result

Graz, March 3, 2017. International technology group ANDRITZ saw solid business
development in the past business year. In spite of a slight decline in sales 
to just over six billion euros, earnings and profitability reached the highest 
figures in the company's history. The Executive Board will propose an increased 
dividend payment of 1.50 EUR per share to the Annual General Meeting of 
Shareholders.

The results of the business year in detail: 
- Sales amounted to 6,039.0 MEUR and thus remained 5.3% below the all-time high 
  of the previous year (2015: 6,377.2 MEUR). All four business areas noted a 
  project-related decline in sales in the capital segment. Service business saw 
  very positive development, rising to a share of 32% of total sales (2015: 30%)
  - with increases in all four business areas. 
       
- Order intake amounted to 5,568.8 MEUR and was thus below the figure for the 
  previous year's reference period (-7.5% versus 2015: 6,017.7 MEUR). While the 
  METALS business area was able to increase its order intake compared to the 
  previous year, order intake in the HYDRO and PULP & PAPER business areas 
  declined.

- The order backlog at the end of 2016 amounted to 6,789.2 MEUR (-7.3% compared 
  to the end of 2015: 7,324.2 MEUR).

- In spite of the decline in sales, the EBITA increased to 442.1 MEUR (+3.1% 
  versus 2015: 429.0 MEUR) and reached the highest figure in the company's 
  history, as did the EBITA margin, which rose to 7.3% (2015: 6.7%). 

- Net income (without non-controlling interests) increased to 274.6 MEUR 
  (2015: 267.7 MEUR).

- The net worth position and capital structure as of December 31, 2016 remained 
  solid. Total assets amounted to 6,198.6 MEUR (December 31, 2015: 5,778.0 MEUR)
  and the equity ratio to 21.7% (December 31, 2015: 21.0%). Net liquidity 
  amounted to 945.3 MEUR (December 31, 2015: 984.0 MEUR).

- At the Annual General Meeting of Shareholders on March 28, 2017, the 
  Executive Board will propose a significant dividend increase to 1.50 EUR 
  per share (2015: 1.35 EUR) in view of the positive business development. 
  This is equal to a payout ratio of around 56% (2015: around 52%).

For the 2017 business year, ANDRITZ assumes that project activity will remain 
unchanged compared to the previous year and expects, from today's perspective, 
good business development. Wolfgang Leitner, President and CEO of ANDRITZ AG: 
"All in all, we are confident for 2017 and expect to achieve at least the same 
levels of sales and profitability as in the previous year. Our central focus 
this year will be on creating the prerequisites to continue ANDRITZ's 
profitable growth in the long term, based on acquisition of complementary 
product areas and on internal growth".

- End -

Key financial figures at a glance


(in MEUR)               2016      2015      +/-     Q4 2016   Q4 2015   +/-
Sales                   6,039.0   6,377.2   -5.3%   1,799.7   1,788.1   +0.6%
  HYDRO                 1,752.4   1,834.8   -4.5%     572.7     525.2   +9.0%
  PULP & PAPER          2,094.4   2,196.3   -4.6%     560.4     609.9   -8.1%
  METALS                1,598.4   1,718.1   -7.0%     488.1     478.3   +2.0%
  SEPARATION              593.8     628.0   -5.4%     178.5     174.7   +2.2%

Order intake            5,568.8   6,017.7   -7.5%   1,532.3   2,250.1   -31.9%
  HYDRO                 1,500.3   1,718.7   -12.7%    439.4     596.7   -26.4%
  PULP & PAPER          1,919.5   2,263.9   -15.2%    568.5   1,008.2   -43.6%
  METALS                1,551.5   1,438.6   +7.8%     372.0     484.8   -23.3%
  SEPARATION              597.5     596.5   +0.2%     152.4     160.4   -5.0%

Order backlog
(as of end of period)   6,789.2   7,324.2   -7.3%   6,789.2   7,324.2   -7.3%

EBITDA                    542.4     534.7   +1.4%     178.9     170.6   +4.9%
EBITDA margin               9.0%      8.4%    -         9.9%      9.5%    -

EBITA                     442.1     429.0   +3.1%     150.0     134.0   +11.9%
EBITA margin                7.3%      6.7%    -         8.3%      7.5%     -

EBIT                      385.8     369.1   +4.5%     124.0     110.0   +12.7%

Financial result           12.6       7.3   +72.6%     -3.1       3.3   -193.9%

EBT                       398.4     376.4   +5.8%     120.9     113.3   +6.7%

Net income 
(without non-
controlling interests)    274.6     267.7   +2.6%      80.4      86.4   -6.9%

Cash flow from 
operating activities      366.6     179.4   +104.3%    20.9      46.6   -55.2%

Capital expenditure       119.5     101.4   +17.9%     43.2      41.7   +3.6%

Employees (as of 
end of period; 
without apprentices)     25,162    24,508   +2.7%    25,162    24,508   +2.7%

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.

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 approximately 25,200 employees. ANDRITZ operates 
over 250 sites worldwide.

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
 

 


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