Tous Actualités
Suivre
Abonner Andritz AG

Andritz AG

EANS-Adhoc: - Favorable business development of the ANDRITZ GROUP in the first three quarters of 2010 - Sales, earnings, and profitability substantially increased

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
quarterly report
08.11.2010
Graz, November 8, 2010.  International technology Group ANDRITZ 
showed a favorable business development in the first three quarters 
of 2010. In particular, sales, earnings, and profitability rose 
substantially in the third quarter of 2010, with order intake and 
order backlog also showing an increase compared to the previous 
year´s reference period.
Substantial rise in sales in the third quarter of 2010 Sales of the 
ANDRITZ GROUP rose in the third quarter of 2010 compared to last 
year´s reference period by around 19% to 896.6 MEUR (Q3 2009: 756.1 
MEUR), with substantial increases in all business areas except 
METALS. In the first three quarters of 2010, Group sales amounted to 
2,458.8 MEUR (+5.5% vs. Q1-Q3 2009: 2,330.2 MEUR).
Order intake up The order intake of the ANDRITZ GROUP developed 
favorably in the third quarter of 2010: At 932.1 MEUR, it increased 
by some 11% compared to the third quarter of 2009 (842.2 MEUR). With 
the exception of the METALS business area, which continues to be 
impacted by the difficult project situation in the international 
steel industry, all business areas were able to increase their order 
intake in comparison with the reference figures of the previous year.
As a result, the order intake of the Group rose to 3,235.8 MEUR in 
the first three quarters of 2010 and thus was over 25% higher than 
the figure for the previous year´s reference period (Q1-Q3 2009: 
2,554.9 MEUR).
Order backlog of the Group as of September 30, 2010 amounted to 
5,477.6 MEUR, thus increasing compared to the reference value as of 
September 30, 2009 (4,514.5 MEUR: +21.3%) and as of December 31, 2009
(4,434.5 MEUR: +23.5%).
Favorable development in earnings and profitability Earnings (EBITA) 
of the ANDRITZ GROUP in the third quarter of 2010 amounted to 67.0 
MEUR (+47% vs. Q3 2009: 45.5 MEUR) and thus increased substantially 
more than sales. As a result, profitability (EBITA margin) increased 
to 7.5% in the third quarter of 2010 (Q3 2009: 6.0%). The EBITA of 
the Group in the first three quarters of 2010 increased to 164.9 
MEUR, a rise of around 62% compared to last year´s reference period, 
which was negatively impacted by restructuring measures in the second
quarter (Q1-Q3 2009: 102.0 MEUR; 126.3 MEUR excluding restructuring 
measures). The EBITA margin increased to 6.7% (Q1-Q3 2009: 4.4%; 5.4%
excluding restructuring expenses).
Net income of the Group (excluding non-controlling interests) 
amounted to 114.6 MEUR during the first three quarters of 2010, thus 
nearly doubling compared to the reference figure for the previous 
year (Q1-Q3 2009: 59.6 MEUR).
Unchanged solid net worth position and capital structure Total assets
of the ANDRITZ GROUP increased to 3,767.7 MEUR as of September 30, 
2010 (December 31, 2009: 3.309,3 MEUR); the equity ratio amounted to 
19.4% (December 31, 2009: 20.0%).
Liquid funds (cash and cash equivalents plus marketable securities) 
amounted to 1,421.3 MEUR as of September 30, 2010 (December 31, 2009:
1,082.1 MEUR). The net liquidity (liquid funds plus fair value of 
interest rate swaps minus financial liabilities) increased to 1,002.3
MEUR, thus also substantially higher than at the end of last year 
(December 31, 2009: 677.9 MEUR).
Outlook for the full year of 2010 ANDRITZ expects solid project 
activity to continue for the remaining months of the 2010 business 
year. Based on the results for the first three quarters of 2010, the 
Group expects a slight rise in sales compared to the full year of 
2009. Cost savings resulting from the restructuring measures 
initiated in 2009 should have a positive impact on the net income.
Key figures of the ANDRITZ GROUP at a glance
Q1-Q3     Q1-Q3              Q3      Q3
(Acc. to IFRS; in MEUR)         2010      2009     +/-    2010    2009      +/-
Sales                        2,458.8   2,330.2   +5.5%   896.6   756.1   +18.6%
 HYDRO                       1,087.7     987.4  +10.2%   381.0   337.0   +13.1%
 PULP & PAPER                  767.7     671.2  +14.4%   288.4   205.4   +40.4%
 METALS                        246.3     351.9  -30.0%    84.2   108.3   -22.3%
 ENVIRONMENT & PROCESS         245.6     227.7   +7.9%   101.1    75.9   +33.2%
 FEED & BIOFUEL                111.5      92.0  +21.2%    41.9    29.5   +42.0%
Order intake                 3,235.8   2,554.9  +26.7%   932.1   842.2   +10.7%
 HYDRO                       1,541.4   1,378.5  +11.8%   391.4   324.0   +20.8%
 PULP & PAPER                1,075.9     604.4  +78.0%   327.2   301.6    +8.5%
 METALS                        196.7     261.7  -24.8%    55.1   116.4   -52.7%
 ENVIRONMENT & PROCESS         310.9     231.8  +34.1%   129.0    78.8   +63.7%
 FEED & BIOFUEL                110.9      78.5  +41.3%    29.4    21.4   +37.4%
Order backlog
(as of end of period)        5,477.6   4,514.5  +21.3% 5,477.6 4,514.5   +21.3%
EBITDA                         202.1     146.7  +37.8%    78.9    57.5   +37.2%
EBITDA margin                   8.2%      6.3%     -      8.8%    7.6%      -
EBITA                          164.9     102.0  +61.7%    67.0    45.5   +47.3%
EBITA margin                    6.7%      4.4%     -      7.5%    6.0%      -
Earnings Before Interest
and Taxes (EBIT)               156.3      87.1  +79.4%    63.5    35.1   +80.9%
Financial result                 3.8       6.6  -42.4%     0.2     9.5   -97.9%
Earnings Before Taxes (EBT)    160.1      93.7  +70.9%    63.7    44.6   +42.8%
Net income (excl.
non-controlling interests)     114.6      59.6  +92.3%    47.3    27.1   +74.5%
Cash flow from operating
activities                     494.2     344.1  +43.6%   155.3   226.5   -31.4%
Investments in fixed
tangible & intangible assets    36.7      51.4  -28.6%    14.5    11.2   +29.5%
Employees
(as of end of period)         14,267    13,176   +8.3%  14,267  13,176    +8.3%
The interim financial report for the first three quarters of 2010, as
well as the annual and financial reports of the ANDRITZ GROUP, are 
available on the ANDRITZ website at www.andritz.com as an online and 
a pdf version. Printed copies can be requested by telephone (+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 14,300 employees worldwide. ANDRITZ operates 
over 120 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.
end of announcement                               euro adhoc

Further inquiry note:

Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official market

Plus de actualités: Andritz AG
Plus de actualités: Andritz AG