Alle Storys
Folgen
Keine Story von Andritz AG mehr verpassen.

Andritz AG

EANS-News: ANDRITZ GROUP: Results for the first half of 2016

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

6-month report

Graz, August 5, 2016.  International technology Group ANDRITZ saw solid 
business development in the first half of 2016. The key financial figures 
developed as follows:

- Sales in the first half of 2016 amounted to 2,761.2 MEUR, decreasing by 8.1% 
  compared to the previous year's reference period (H1 2015: 3,005.6 MEUR). In 
  the second quarter of 2016, sales decreased by 7.8% compared to the previous 
  year's reference period, reaching 1,475.6 MEUR (Q2 2015: 1,601.3 MEUR).
 
- In the first half of 2016, order intake of 2,566.4 MEUR was practically at 
  the same level as during the previous year's reference figure (-0.5% versus 
  H1 2015: 2,580.0 MEUR). In the second quarter of 2016, order intake amounted 
  to 1,319.0 MEUR, thus increasing by 14.8% compared to the previous year's 
  reference period (Q2 2015: 1,149.4 MEUR) and also by 5.7% compared to the 
  previous quarter (Q1 2016: 1,247.4 MEUR). This increase is particularly due 
  to some large orders being booked in the metal forming sector for the 
  automotive and the automotive supplying industry (market segment of Schuler).

- The order backlog as of June 30, 2016, amounted to 7,076.3 MEUR (-3.4% 
  versus December 31, 2015: 7,324.2  MEUR).

- Despite the decline of sales, the EBITA, at 183.0 MEUR, in the first half of 
  2016 remained practically at the same level as during the previous year's 
  reference period (-1.0% versus H1 2015: 184.9 MEUR). As a result, 
  profitability (EBITA margin) increased to 6.6% (H1 2015: 6.2%). In the 
  second quarter of 2016, the EBITA amounted to 99.1 MEUR (-11.1% versus 
  Q2 2015: 111.5 MEUR).

- Net income (without non-controlling interests) increased to 120.2 MEUR 
  (H1 2015: 113.9 MEUR) in the first half of 2016. 

Wolfgang Leitner, President & CEO of ANDRITZ AG: "In view of the continuing, 
difficult overall macroeconomic environment, we are satisfied with the results 
achieved in the first half of the year. From today's perspective, we do not 
expect any significant changes in the markets we serve for the remaining 
months of this year." 

On the basis of the current financial results, ANDRITZ expects a decline in 
Group sales for the 2016 business year compared to 2015, but also expects 
solid development of profitability at the same time.

- End -

Key financial figures of the ANDRITZ GROUP at a glance



(in MEUR)       H1 2016   H1 2015   +/-     Q2 2016  Q2 2015   +/-      2015
Sales           2,761.2   3,005.6   -8.1%   1,475.6  1,601.3   -7.8%    6,377.2
 HYDRO            807.3     866.3   -6.8%     439.4    458.4   -4.1%    1,834.8
 PULP & PAPER     980.4   1,043.9   -6.1%     522.8    563.4   -7.2%    2,196.3
 METALS           703.6     796.1   -11.6%    370.6    419.0   -11.6%   1,718.1
 SEPARATION       269.9     299.3   -9.8%     142.8    160.5   -11.0%     628.0

Order intake    2,566.4   2,580.0   -0.5%   1,319.0  1,149.4   +14.8%   6,017.7
 HYDRO            591.4     794.7   -25.6%    339.4    347.7   -2.4%    1,718.7
 PULP & PAPER     916.0     908.9   +0.8%     370.4    446.5   -17.0%   2,263.9
 METALS           768.7     595.4   +29.1%    469.4    210.5   +123.0%  1,438.6
 SEPARATION       290.3     281.0   +3.3%     139.8    144.7   -3.4%      596.5

Order backlog 
(as of end 
of period)      7,076.3   7,349.0   -3.7%   7,076.3  7,349.0   -3.7%    7,324.2

EBITDA            229.6     230.9   -0.6%     122.9    134.8   -8.8%      534.7
EBITDA margin (%)   8.3       7.7     -         8.3      8.4     -          8.4

EBITA             183.0     184.9   -1.0%      99.1    111.5   -11.1%     429.0
EBITA margin (%)    6.6       6.2     -         6.7      7.0      -         6.7

Earnings Before 
Interest and
Taxes (EBIT)      163.0     159.6   +2.1%      88.8     98.1   -9.5%      369.1

Financial result    8.9       6.7   +32.8%      8.1      5.6   +44.6%       7.3

Earnings Before 
Taxes (EBT)       171.8     166.4   +3.2%      96.9    103.8   -6.6%      376.4

Net income 
(without non- 
controlling
interests)        120.2     113.9   +5.5%      67.7     69.9   -3.1%      267.7

Cash flow from 
operating 
activities        200.6      -7.8   +2,671.8%  33.1    -45.0   +173.6%    179.4

Capital 
expenditure        44.8      36.3   +23.4%     28.3     15.5   +82.6%     101.4

Employees  
(as of end of  
period; without 
apprentices)     25,737    24,992   +3.0%    25,737   24,992   +3.0%     24,508


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: 
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 25,700 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 Corporate Communications
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

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

Original-Content von: Andritz AG, übermittelt durch news aktuell

Weitere Storys: Andritz AG
Weitere Storys: Andritz AG