Andritz AG

EANS-News: ANDRITZ GROUP: Results for the first quarter of 2017

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

quarterly report

Graz, May 4, 2017.  International technology group ANDRITZ saw solid 
business development in the first quarter of 2017, with increases in 
order intake, sales, earnings, and profitability. 

The key financial figures developed as follows:

- Due to significant increases in the PULP & PAPER and METALS business areas, 
  sales rose to 1,386.2 million euros (MEUR) and were thus 7.8% higher than the 
  figure for the previous year's reference period (Q1 2016: 1,285.6 MEUR).

- At 1,560.0 MEUR, order intake reached a favorable level and was 25.1% higher 
  than the low reference figure for the previous year (Q1 2016: 1,247.4 MEUR). 
  All business areas - above all PULP & PAPER and METALS - saw increases in 
  order intake compared to the previous year's reference period.

- The order backlog as of March 31, 2017 amounted to 6,974.2 MEUR and has thus 
  risen slightly compared to the end of 2016 (December 31, 2016: 6,789.2 MEUR).

- The EBITA amounted to 97.4 MEUR (+16.1% vs. Q1 2016: 83.9 MEUR) and thus 
  increased more than sales. This positive development is attributable above 
  all to the PULP & PAPER, METALS, and SEPARATION business areas. As a result, 
  the Group's profitability (EBITA margin) increased to 7.0% (Q1 2016: 6.5%).

- Net income without non-controlling interests increased to 63.0 MEUR 
  (Q1 2016: 52.5 MEUR).

Outlook for 2017:
Expectations for development of the markets served by ANDRITZ have not 
changed substantially compared to estimates made by end of 2016. While cautious 
investment activity is expected to remain in the HYDRO sector, particularly 
in Europe, and a continuation of the moderate market development is also 
anticipated in the SEPARATION business area, a solid market environment is 
expected for the PULP & PAPER business area despite somewhat weaker project 
activity in South America. Unchanged satisfactory project activity is also 
expected for the METALS business area. Wolfgang Leitner, President & CEO of 
ANDRITZ AG: "We are very satisfied with business development during the first 
quarter of 2017 and continue to expect both sales and profitability for the 
full year in 2017 to at least remain 
unchanged compared to 2016."

- End -

Key financial figures at a glance

                     Unit       Q1 2017   Q1 2016     +/-     2016
Sales                MEUR       1,386.2   1,285.6     +7.8%   6,039.0
 HYDRO               MEUR         355.9     367.9     -3.3%   1,752.4
 PULP & PAPER        MEUR         508.7     457.6    +11.2%   2,094.4
 METALS              MEUR         397.5     333.0    +19.4%   1,598.4
 SEPARATION          MEUR         124.1     127.1     -2.4%     593.8

Order intake         MEUR       1,560.0   1,247.4    +25.1%   5,568.8
 HYDRO               MEUR         309.5     252.0    +22.8%   1,500.3
 PULP & PAPER        MEUR         653.3     545.6    +19.7%   1,919.5
 METALS              MEUR         442.7     299.3    +47.9%   1,551.5
 SEPARATION          MEUR         154.5     150.5     +2.7%     597.5

Order backlog (as
(of end of period)   MEUR       6,974.2   7,147.6     -2.4%   6,789.2

EBITDA               MEUR         120.7     106.7    +13.1%     542.4
EBITDA margin        %              8.7       8.3       -         9.0
EBITA                MEUR          97.4      83.9    +16.1%     442.1
EBITA margin         %              7,0       6.5       -         7.3

Earnings Before 
Interest and 
Taxes (EBIT)         MEUR          86.9      74.2    +17.1%     385.8

Financial result     MEUR           3.4       0.7   +385.7%      12.6

Earnings Before 
Taxes (EBT)          MEUR          90.3      74.9    +20.6%     398.4

Net income
(without non-
interests)           MEUR          63.0      52.5    +20.0%     274.6

Cash flow from 
activities           MEUR         147.7     167.5    -11.8%     366.6

expenditure          MEUR          29.0      16.5    +75.8%     119.5

Emploeyees (as of
(end of period; 
without apprentices) -           25,247    24,195     +4.3%    25,162

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.

Press release for download 
The press release is available for download at the ANDRITZ web site:

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 as well as for animal feed and biomass pelleting. Other important 
business segments include automation and service business. In addition, 
the international Group is also active in the power generating sector 
(steam boiler plants, biomass boilers, recovery boilers, and gasification 
plants) and in environmental technology (flue gas cleaning plants) and offers 
equipment for the production of nonwovens, dissolving pulp, and panelboard as 
well as recycling plants. The publicly listed technology Group is headquartered 
in Graz, Austria, and has a staff of approximately 25,200 employees. 
ANDRITZ operates more than 250 sites in over 40 countries.

Annual and financial reports
Annual and Financial reports are available for download at the 
ANDRITZ web site, and printed editions can be requested free 
of charge by e-mail to

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

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
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: