Andritz AG

EANS-News: ANDRITZ GROUP: favorable business development in 2012

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Financial Figures/Balance Sheet

Graz (euro adhoc) - Graz, March 1, 2013.  International technology Group ANDRITZ
showed favorable business development in 2012:
- Sales, at 5,176.9 million euros (MEUR), increased by 12.6% compared to the 
  previous year's reference figure (2011: 4,596.0 MEUR). Particularly the PULP
  & PAPER business area noted a significant sales increase.

- The order intake, at 4,924.4 MEUR, was 13.7% below the extraordinarily high
  level of the previous year (2011: 5,706.9 MEUR), which included three large 
  orders with a total value of approximately 1,400 MEUR. Due to these large 
  orders, the order intake decreased in the HYDRO and PULP & PAPER business 
  areas compared to 2011. The other business areas noted an increase of order 
  intake.

- The order backlog as of December 31, 2012 amounted to 6,614.8 MEUR and was
  thus virtually unchanged compared to the reference figure of last year (-1.0%
  versus December 31, 2011: 6,683.1 MEUR). In the HYDRO and SEPARATION business
  areas, the order backlog rose; all other business areas noted a decline.

- The EBITA, at 357.8 MEUR, exceeded the reference figure of last year by 7.9% 
  (2011: 331.5 MEUR). Thus, the EBITA margin amounted to 6.9% (2011: 7.2%); 
  this slight decline is attributable to the project mix in the PULP & PAPER 
  business area (higher portion of large projects compared to 2011) as well as 
  cost overruns on some projects and expenses for business expansion in the 
  emerging markets in the SEPARATION and FEED & BIOFUEL business areas.
 
- The financial result declined to -2.8 MEUR (2011: 9.0 MEUR) due to the write-
  down of non-consolidated companies and expenses related to the 350 MEUR 
  corporate bond, issued in July 2012.

- The net income (excluding non-controlling interests) amounted to 243.6 MEUR 
  (2011: 230.7 MEUR).

- The balance sheet structure as of end of 2012 continued to be solid. The 
  equity ratio amounted to 20.0% (December 31, 2011: 20.6%). Liquid funds 
  amounted to 2,047.8 MEUR (end of 2011: 1,814.5 MEUR), the net liquidity to 
  1,285.7 MEUR (December 31, 2011: 1,400.6 MEUR).

- At the coming Annual General Meeting, the Executive Board will propose to 
  increase the dividend to 1.20 EUR per share for the 2012 business year (2011: 
  1.10 EUR), corresponding with a payout ratio of approximately 51%.

Wolfgang Leitner, President and CEO of ANDRITZ AG, says about the outlook for
the 2013 business year: "We expect no significant recovery of the global economy
also in this year. However, we still see solid development with good project
activity in the markets served by ANDRITZ". 

Based on these expectations and the first-time consolidation of Schuler AG from
March 1, 2013, the ANDRITZ GROUP expects sales to increase in 2013 compared to
the previous year. Net income is also expected to rise compared to last year. 

- End -

Important key financial figures of the ANDRITZ GROUP at a glance


(in MEUR)            2012      2011      +/-      Q4 2012    Q4 2011   +/-
Sales                5,176.9   4,596.0   +12.6%   1,473.6    1,411.8   +4.4%
 HYDRO               1,836.8   1,772.9   +3.6%      591.1      549.9   +7.5%
 PULP & PAPER*       2,282.2   1,884.9   +21.1%     557.4      591.0   -5.7%
 SEPARATION*           468.0     419.9   +11.5%     163.3      123.5   +32.2%
 METALS                404.7     372.7   +8.6%      110.3      109.3   +0.9%
 FEED & BIOFUEL        185.2     145.6   +27.2%      51.4       38.1   +34.9%

Order intake         4,924.4   5,706.9   -13.7%   1,131.2      808.3   +39.9%
 HYDRO               2,008.4   2,096.2   -4.2%      503.8      283.5   +77.7%
 PULP & PAPER*       1,962.4   2,694.1   -27.2%     439.1      321.9   +36.4%
 SEPARATION*           468.2     438.8   +6.7%      102.3       86.8   +17.9%
 METALS                324.2     318.6   +1.8%       53.4       64.8   -17.6%
 FEED & BIOFUEL        161.2     159.2   +1.3%       32.6       51.3   -36.5% 

Order backlog (as
(of end of period)   6,614.8   6,683.1   -1.0%    6,614.8    6,683.1   -1.0%

EBITDA                 418.6     386.2   +8.4%      132.5      124.9   +6.1%
EBITDA margin           8.1%      8.4%     -         9.0%       8.8%     -  

EBITA                  357.8     331.5   +7.9%      115.7      110.1   +5.1%
EBITA margin            6.9%      7.2%     -         7.9%       7.8%     -

Earnings Before
Interest and Taxes
(EBIT)                 334.5     312.7   +7.0%      110.5      104.8   +5.4%

Financial result        -2.8       9.0   -131.1%     -9.9        1.8   -650.0%

Earnings Before 
Taxes (EBT)            331.6     321.7   +3.1%      100.6      106.6   -5.6%

Net income (without
(non-controlling
interests)             243.6     230.7   +5.6%       76.4       80.2   -4.7%

Cash flow from
operating activities   346.5     433.8   -20.1%     127.3       93.9   +35.6%

Capital expenditure    109.1      77.0   +41.7%      56.8       35.3   +60.9%

Employees (as of
end of period;
without 
apprentices)          17,865    16,750   +6.7%     17,865     16,750   +6.7%

* In 2012, there was a minor product shift from the SEPARATION to the PULP &
PAPER business area. Comparison figures for 2011 have been adjusted. 
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.

The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid-liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for certain other sectors including automation,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed, international technology Group is
headquartered in Graz, Austria, and had a staff of around 17,900 employees as of
end of 2012. ANDRITZ operates over 180 production sites as well as service and
sales companies all around the world.

Annual and financial reports
Annual reports and financial reports of the ANDRITZ GROUP are available at
www.andritz.com as online and pdf versions. Printed copies can be requested at
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
Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@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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