Andritz AG

EANS-News: ANDRITZ GROUP: Solid business development in 2015


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annual result

Graz, March 4, 2016.  International technology Group ANDRITZ showed solid 
business development in the 2015 business year:

- Sales increased by 8.8%, reaching an all-time high of 6,377.2 million 
  euros (MEUR)(2014: 5,859.3 MEUR). All four business areas noted an increase in
  sales.

- Order intake amounted to 6,017.7 MEUR, thus almost reaching the record level 
  of the previous year (-1.4% versus 2014: 6,101.0 MEUR).

- The order backlog at the end of 2015 amounted to 7,324.2 MEUR (-2.5% compared 
  to the end of 2014: 7,510.6 MEUR).

- The earnings development was satisfactory considering the extraordinary 
  effects in connection with the measures to optimize the value chain at 
  Schuler. To adjust Schuler's manufacturing capacities to the product mix and 
  business volume, an amount of 78 MEUR was considered in the consolidated 
  income statement, which was partly offset by project-related positive 
  extraordinary effects of some 40 MEUR in the PULP & PAPER business area. 
  Thus, the EBITA amounted to 429.0 MEUR (+13.0% versus 2014: 379.5 MEUR), and 
  the EBITA margin increased to 6.7% (2014: 6.5%). Without these extraordinary 
  effects, the EBITA of the Group would have been 467.0 MEUR and the EBITA 
  margin 7.3%.

- Net income (without non-controlling interests) increased to 267.7 MEUR 
  (2014: 210.9 MEUR).

- The net worth position and capital structure as of December 31, 2015 remained 
  solid. Total assets amounted to 5,778.0 MEUR (December 31, 2014: 5,995.2 MEUR)
  and the equity ratio increased to 21.0% (December 31, 2014: 17.3%). Net 
  liquidity amounted to 984.0 MEUR (end of 2014: 1,065.1 MEUR).

At the Annual General Meeting on March 30, 2016, the Executive Board will 
propose a significant increase of dividend to 1.35 EUR per share for the 2015 
business year (2014: 1.00 EUR). This is equal to a payout ratio of around 52% 
(2014: around 49%).

From today's perspective, ANDRITZ anticipates continued uncertainty in its 
main markets and largely unchanged project activity in all four business areas, 
and expects business development to continue on a satisfactory level in the 
2016 business year. Wolfgang Leitner, President and CEO of ANDRITZ AG: 
"The main focus this year will lie on further flexibilization and adjustment of
the Group-wide cost and organizational structure in order to adapt to the 
unchanged, volatile market environment, as well as on developing new products. 
By doing so, we want to create a basis on which to continue our long-term 
profitable growth."

- End -


Key financial figures at a glance

(in MEUR)               2015      2014      +/-     Q4 2015   Q4 2014   +/-
Sales                   6,377.2   5,859.3   +8.8%   1,788.1   1,736.4   +3.0%
  HYDRO                 1,834.8   1,752.3   +4.7%     525.2     520.1   +1.0%
  PULP & PAPER          2,196.3   1,969.3   +11.5%    609.9     599.4   +1.8%
  METALS                1,718.1   1,550.4   +10.8%    478.3     438.6   +9.1%
  SEPARATION              628.0     587.3   +6.9%     174.7     178.3   -2.0%

Order intake            6,017.7   6,101.0   -1.4%   2,250.1   1,529.4   +47.1%
  HYDRO                 1,718.7   1,816.7   -5.4%     596.7     650.7   -8.3%
  PULP & PAPER          2,263.9   1,995.7   +13.4%  1,008.2     366.1   +175.4%
  METALS                1,438.6   1,692.8   -15.0%    484.8     364.7   +32.9%
  SEPARATION              596.5     595.8   +0.1%     160.4     147.9   +8.5%

Order backlog 
(as of end of period)   7,324.2   7,510.6   -2.5%   7,324.2   7,510.6   -2.5%

EBITDA                    534.7     472.0   +13.3%    170.6     173.1   -1.4%
EBITDA margin               8.4%      8.1%     -        9.5%     10.0%    -

EBITA                     429.0     379.5   +13.0%    134.0     145.1   -7.6%
EBITA margin                6.7%      6.5%     -        7.5%      8.4%    -

EBIT                      369.1     295.7   +24.8%    110.0     119.7   -8.1%

Financial result            7.3       3.7   +97.3%      3.3       5.4   -38.9%

EBT                       376.4     299.4   +25.7%    113.3     125.1   -9.4%

Net income (without
non-controlling 
interests)                267.7     210.9   +26.9%     86.4      87.3   -1.0%

Cash flow from 
operating 
activities                179.4     342.1   -47.6%     46.6     116.5   -60.0%

Capital expenditure       101.4     106.5   -4.8%      41.7      44.6   -6.5%

Employees (as of end
(of period; without 
apprentices)             24,508    24,853   -1.4%    24,508    24,853   -1.4%


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 approximately 24,500 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.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@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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