06.11.2018,
8226 Zeichen
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
Quarterly Report
Graz -
NOVEMBER 6, 2018. International technology Group ANDRITZ showed solid business
development overall - although mixed by business area - in the third quarter of
2018. Order intake and sales increased compared to the previous year's reference
figure, however earnings were below the figure for last year's reference period.
The Group's key financial figures developed as follows:
* Order intake at 1,468.7 MEUR was 9.5% higher than the previous year's
reference period (Q3 2017: 1,341.2 MEUR) in the third quarter of 2018 and thus
continued the favorable development of the preceding quarters. As a result,
order intake in the first three quarters of 2018 developed very favorably,
rising to 4,738.0 MEUR. This is an increase of 15.2% compared to the previous
year's reference period (Q1-Q3 2017: 4,112.5 MEUR); all four business areas
were able to increase their order intake compared to the previous year.
* The order backlog as of September 30, 2018 amounted to 6,882.8 MEUR and
increased by 7.8% compared to the end of 2017 (6,383.0 MEUR) as a result of
the higher order intake in the preceding quarters.
* Sales rose in the third quarter of 2018 by 5.4% compared to the previous
year's reference period (Q3 2017: 1,364.6 MEUR) to reach 1,437.7 MEUR. This
more than compensated for the slight decline in sales in the first half year,
with the result that sales in the first three quarters of 2018, at 4,200.8
MEUR, were slightly higher than the level of the previous year's reference
period (+1.4% compared to Q1-Q3 2017: 4,143.6 MEUR).
* The EBITA in the third quarter amounted to 85.9 MEUR and was 13.1% lower than
the figure for the previous year's reference period (98.9 MEUR) despite the
increase in sales. The reasons for the decline in earnings are largely cost
overruns and processing of some orders with lower margins in the Metals
business area. In the first three quarters of 2018, the EBITA amounted to
252.2 MEUR and was thus 17.6% below the previous year's reference figure,
which included a positive extraordinary effect in the amount of approximately
25 MEUR, resulting largely from sale of the Schuler Technical Center in China.
Compared to the earnings adjusted for this extraordinary effect (282.6 MEUR),
the EBITA declined by 10.8% in the first three quarters of 2018.
* The net income (without non-controlling interests) fell in the third quarter
of 2018 to 56.4 MEUR (Q3 2017: 59.0 MEUR). In the first three quarters of
2018, the net income (without non-controlling interests) amounted to 157.0
MEUR (Q1-Q3 2017: 189.8 MEUR).
OUTLOOK
The ANDRITZ GROUP expects unchanged stable development of sales in the 2018
business year as compared to the previous year. In the fourth quarter,
provisions amounting to well above 20 million euros will be made for necessary
cost adjustment measures, particularly in the Metals business area.
Nevertheless, profitability (EBITA margin) for 2018 should almost reach the
previous year's level adjusted for this positive extraordinary effect (EBITA
margin adjusted: 7.1%, EBITA margin reported: 7.5%).
Wolfgang Leitner, President & CEO of ANDRITZ AG: "We succeeded in booking an
aggregated order intake of over 6.2 billion euros in the past four quarters and
thus have a solid order backlog for the coming business year. Integration of the
companies we acquired this year - in particular, Xerium Technologies - and
selective cost adjustment measures in some business areas will be the main focus
in the coming months."
KEY FINANCIAL FIGURES AT A GLANCE
Unit Q1-Q3 2018 Q1-Q3 2017 +/- Q3 2018 Q3 2017 +/- 2017
Sales MEUR 4,200.8 4,143.6 +1.4% 1,437.7 1,364.6 +5.4% 5,889.1
- Hydro MEUR 1,085.8 1,071.5 +1.3% 361.5 346.9 +4.2% 1,583.1
- Pulp & MEUR 1,523.2 1,474.3 +3.3% 513.7 483.4 +6.3% 2,059.7
Paper
- Metals MEUR 1,142.7 1,185.0 -3.6% 400.3 392.7 +1.9% 1,643.5
- Separation MEUR 449.1 412.8 +8.8% 162.2 141.6 +14.5% 602.8
Order intake MEUR 4,738.0 4,112.5 +15.2% 1,468.7 1,341.2 +9.5% 5,579.5
- Hydro MEUR 1,056.2 939.0 +12.5% 303.1 425.0 -28.7% 1,317.2
- Pulp & MEUR 1,726.4 1,552.0 +11.2% 545.5 427.1 +27.7% 2,033.4
Paper
- Metals MEUR 1,403.3 1,143.6 +22.7% 456.6 329.4 +38.6% 1,606.5
- Separation MEUR 552.1 477.9 +15.5% 163.5 159.7 +2.4% 622.4
Order backlog
(as of end of MEUR 6,882.8 6,650.8 +3.5% 6,882.8 6,650.8 +3.5% 6,383.0
period)
EBITDA MEUR 321.2 375.2 -14.4% 109.5 121.7 -10.0% 541.7
EBITDA margin % 7.6 9.1 - 7.6 8.9 - 9.2
EBITA MEUR 252.2 306.2 -17.6% 85.9 98.9 -13.1% 444.0
EBITA margin % 6.0 7.4 - 6.0 7.2 - 7.5
Earnings
Before MEUR 229.3 275.9 -16.9% 76.4 90.5 -15.6% 399.3
Interest and
Taxes (EBIT)
Financial MEUR -5.8 -0.8 -625.0% 4.2 -4.3 +197.7% 1.3
result
Earnings
Before Taxes MEUR 223.5 275.1 -18.8% 80.6 86.2 -6.5% 400.6
(EBT)
Net income
(without non- MEUR 157.0 189.8 -17.3% 56.4 59.0 -4.4% 263
controlling
interests)
Cash flow
from MEUR -85.0 129.2 -165.8% 16.2 47.7 -66.0% 246.5
operating
activities
Capital MEUR 69.3 81.5 -15.0% 22.1 25.6 -13.7% 116.8
expenditure
Employees (as
of end of
period; - 26,397 25,686 +2.8% 26,397 25,686 +2.8% 25,566
without
apprentices)
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.
- End -
ANDRITZ GROUP
ANDRITZ is a globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, the metal working and steel
industries, and for solid/liquid separation in the municipal and industrial
segments. Other important fields of business are animal feed and biomass
pelleting, as well as automation, where ANDRITZ offers a wide range of
innovative products and services in the IIoT (Industrial Internet of Things)
sector under the brand name of Metris. In addition, the international technology
Group is active in power generation (steam boiler plants, biomass power plants,
recovery boilers, and gasification plants) and environmental technology (flue
gas cleaning plants) and offers equipment for the production of nonwovens,
dissolving pulp, and panelboard, as well as recycling plants.
A passion for innovative technology, absolute customer focus, reliability, and
integrity are the central values to which ANDRITZ commits. The listed Group is
headquartered in Graz, Austria. With over 160 years of experience, 29,000
employees, and more than 280 locations in over 40 countries worldwide, ANDRITZ
is a reliable and competent partner and helps its customers to achieve their
corporate and sustainability goals.
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
issuer: 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
ISIN: AT0000730007
indexes: ATX, WBI
stockmarkets: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/2900/aom
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Andritz
Akt. Indikation: 55.35 / 55.45
Uhrzeit: 11:37:28
Veränderung zu letztem SK: -0.89%
Letzter SK: 55.90 ( -0.71%)
Bildnachweis
1.
Andritz: Ergebnisse 3. Quartal 2017, Seite 2/3, komplettes Dokument unter http://boerse-social.com/static/uploads/file_2384_andritz_ergebnisse_3_quartal_2017.pdf
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