ANDRITZ GROUP: results for the first quarter of 2015

06.05.2015, 5666 Zeichen

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

quarterly report
Graz, May 6, 2015. International technology Group ANDRITZ recorded a solid business development in the first quarter of 2015. The key financial figures developed as follows:
- Sales amounted to 1,404.3 million euros (MEUR) and were thus significantly higher than the reference figure for the previous year (+15.2% versus Q1 2014: 1,219.5 MEUR). All business areas, particularly PULP & PAPER, recorded a significant increase in sales.
- The order intake, at 1,430.6 MEUR, reached a satisfactory level. However, it was 17.9% below the extraordinary high reference figure of the previous year, which had included large orders in the HYDRO and PULP & PAPER business areas (Q1 2014: 1,742.2 MEUR).
- The order backlog as of March 31, 2015 slightly increased to 7,785.6 MEUR (December 31, 2014: 7,510.6 MEUR).
- The EBITA amounted to 73.4 MEUR (Q1 2014: 48.6 MEUR). Earnings were thus 51.0% above the low reference figure of last year, but still failed to reach a satisfactory level, as did the EBITA margin at 5.2% (Q1 2014: 4.0%). This is mainly attributable to temporary exchange rate differences from negative market values from project-related currency hedges that will balance out by the time the orders are completed/paid. Excluding these market values, the EBITA margin of the Group would have amounted to 6.1%.
- Net income amounted to 44.0 MEUR (+112.6% versus Q1 2014: 20.7 MEUR).
On the basis of the current order backlog, ANDRITZ expects a slight increase in sales and net income in 2015 compared to the previous year.
- End -
Key financial figures at a glance
Unit Q1 2015 Q1 2014 +/- 2014 Sales MEUR 1,404.3 1,219.5 +15.2% 5,859.3 HYDRO MEUR 407.9 362.8 +12.4% 1,752.3 PULP & PAPER MEUR 480.5 399.6 +20.2% 1,969.3 METALS MEUR 377.1 332.8 +13.3% 1,550.4 SEPARATION MEUR 138.8 124.3 +11.7% 587.3
Order intake MEUR 1,430.6 1,742.2 -17.9% 6,101.0 HYDRO MEUR 447.0 523.3 -14.6% 1,816.7 PULP & PAPER MEUR 462.4 654.8 -29.4% 1,995.7 METALS MEUR 384.9 420.1 -8.4% 1,692.8 SEPARATION MEUR 136.3 144.0 -5.3% 595.8
Order backlog (as of end of period) MEUR 7,785.6 7,734.7 +0.7% 7,510.6
EBITDA MEUR 96.1 69.5 +38.3% 472.0 EBITDA margin % 6.8 5.7 - 8.1 EBITA MEUR 73.4 48.6 +51.0% 379.5 EBITA margin % 5.2 4.0 - 6.5
Earnings Before Interest a. Taxes (EBIT) MEUR 61.5 29.0 +112.1% 295.7
Financial result MEUR 1.1 -1.5 +173.3% 3.7
Earnings Before Taxes (EBT) MEUR 62.6 27.5 +127.6% 299.4
Net income (without non-controlling interests) MEUR 44.0 20.7 +112.6% 210.9
Cash flow from operating activities MEUR 37.2 61.0 -39.0% 342.1
Capital expenditure MEUR 20.8 17.2 +20.9% 106.5
Employees (as of end (of period; without apprentices) - 24,855 23,790 +4.5% 24,853

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.
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
Digital press kit: http://www.ots.at/pressemappe/2900/aom

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