Andritz AG

EANS-News: ANDRITZ GROUP: results for the first quarter of 2014

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

3-month report

Graz (euro adhoc) - Graz, May 6, 2014.  International technology Group ANDRITZ
today presented its results for the first quarter of 2014. The key financial
figures developed as follows:
- Sales amounted to 1,219.5 million euros (MEUR) and were thus 4.8% higher 
  than the reference figure for the previous year (Q1 2013: 1,163.8 MEUR). 
  This increase is due to the Schuler Group*; excluding Schuler, sales would 
  have decreased by 8.9% mainly as a result of the project-related low sales 
  generation in several business areas.

- The order intake, at 1,742.2 MEUR, saw a very favorable development, 
  rising by 35.2% compared to the first quarter of 2013 (Q1 2013: 1,288.3 MEUR).
  The Schuler Group contributed 319.8 MEUR; excluding Schuler, the order 
  intake would have increased by 19.3%, with the PULP & PAPER business area 
  noting a very good order intake.

- The order backlog as of March 31, 2014 increased to 7,734.7 MEUR compared 
  to the end of last year (December 31, 2013: 7,388.5 MEUR).

- The EBITA amounted to 48.6 MEUR (Q1 2013: 14.2 MEUR). Earnings were thus 
  considerably above the very low reference figure of the previous year, 
  which was strongly negatively impacted by high provisions booked for a 
  pulp mill project in South America, but still failed to reach a 
  satisfactory level, as did the EBITA margin at 4.0% (Q1 2013: 1.2%). 
  This is attributable in particular to the project-related low sales 
  generation and cost overruns on some projects in the PULP & PAPER, METALS 
  (excluding Schuler), and SEPARATION business areas.

- Net income (excluding non-controlling interests), at 20.7 MEUR, was 
  significantly above the very low reference figure for the previous year 
  (Q1 2013: 4.1 MEUR).

On the basis of this business development, the order backlog, and the sales
contribution by the Schuler Group, which was not included in the accounts 
for full twelve months in 2013, the ANDRITZ GROUP expects a slight rise in 
sales in the 2014 business year compared to the previous year. 
The net income is currently expected to show a significant 
improvement compared to the low level in 2013.

* First-time consolidation of Schuler: March 1, 2013; thus in Q1 2013 
included for one month only

- End -

Key financial figures of the ANDRITZ GROUP at a glance

                  Unit       Q1 2014   Q1 2013*   +/-      2013
Sales             MEUR       1,219.5   1,163.8    +4.8%    5,710.8
  HYDRO           MEUR         362.8     381.2    -4.8%    1,804.8
  PULP & PAPER    MEUR         399.6     452.4    -11.7%   2,005.3
  METALS          MEUR         332.8     202.0    +64.8%   1,311.0
  SEPARATION      MEUR         124.3     128.2    -3.0%      589.7

Order intake      MEUR       1,742.2   1,288.3    +35.2%   5,611.0
  HYDRO           MEUR         523.3     574.2    -8.9%    1,865.4
  PULP & PAPER    MEUR         654.8     423.5    +54.6%   1,907.7
  METALS          MEUR         420.1     144.5    +190.7%  1,233.8
  SEPARATION      MEUR         144.0     146.1    -1.4%      604.1
Order backlog (as
of end of period) MEUR       7,734.7   7,844.3    -1.4%    7,388.5

EBITDA            MEUR          69.5      32.0    +117.2%    255.2
EBITDA margin     %              5.7       2.7       -         4.5

EBITA             MEUR          48.6      14.2    +242.3%    164.1
EBITA margin      %              4.0       1.2       -         2.9

Earnings Before 
Interest and 
Taxes (EBIT)      MEUR          29.0       3.1    +835.5%     89.8

Financial result  MEUR          -1.5      -1.1    -36.4%      -9.5

Earnings Before 
Taxes (EBT)       MEUR          27.5       2.0    +1,275.0%   80.3

Net income
(without non- 
interests)        MEUR          20.7       4.1    +404.9%     66.6

Cash flow from 
                  MEUR          61.0     -79.7    +176.5%     93.7

expenditure       MEUR          17.2      21.4    -19.6%     111.4

Employees (as
of end of period;
apprentices)       -           23,790    23,660    +0.5%     23,713

* The Schuler Group was consolidated into the consolidated financial 
statements of the ANDRITZ GROUP as of March 1, 2013 and is allocated to the 
METALS business area.

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.

The ANDRITZ GROUP is a globally leading supplier of plants, equipment, 
and services for hydropower stations, the pulp and paper industry, the 
metalworking and steel industries, and solid/liquid separation in the 
municipal and industrial sectors. The publicly listed, international 
technology Group is headquartered in Graz, Austria, and has a staff of 
around 23,800 employees. ANDRITZ operates over 250 production sites as 
well as service and sales companies all around the world. The ANDRITZ GROUP 
ranks among the global market leaders in all four of its business areas. 
One of the Group's overall strategic goals is to strengthen and extend this 
position. At the same time, the company aims to secure the continuation of 
profitable growth in the long term.

Annual and financial reports
The annual reports and financial reports of the ANDRITZ GROUP are available 
as PDF for download at Printed copies can be requested 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:
Oliver Pokorny
Head of Corporate Communications
Tel.: +43 316 6902 1332
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

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

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