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.
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Anzeige
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
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte