EANS-News
ANDRITZ GROUP: solid business development in the third quarter of 2014
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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9-month report
Graz, November 6, 2014. In the third quarter of 2014, international
technology Group ANDRITZ showed solid business development in an
unchanged challenging economic environment:
- Sales amounted to 1,463.5 MEUR in the third quarter of 2014 and
were thus below the level of the previous year's reference period
(Q3 2013: 1,534.5 MEUR); the decline of 4.6% is mainly due to a
project-related drop in sales in the PULP & PAPER and the METALS
business areas. In the first three quarters of 2014, sales of the
Group amounted to 4,122.9 MEUR and thus practically reached last
year's reference figure (-0.5% versus Q1-Q3 2013: 4,144.6 MEUR).
- The order intake in the third quarter of 2014 amounted to 1,591.5
MEUR, which is 4.3% higher than the very good level in the third
quarter of 2013 (1,525.3 MEUR). This positive development is
attributable to the METALS business area, where several larger
orders were secured in the metalforming (Schuler) and aluminum
sectors. In the first three quarters of 2014, the order intake of
the Group saw very favorable development: At 4,571.6 MEUR, order
intake was 12.8% higher than in the previous year's reference period
(Q1-Q3 2013: 4,051.3 MEUR) - with the Schuler Group contributing
916.3 MEUR (Q1-Q3 2013: 657.8 MEUR); however, Schuler was only
included in the last year's reference period from March 1, 2013
(date of first-time consolidation). Excluding Schuler, the Group's
order intake would have increased by 7.7%.
- As of September 30, 2014, the order backlog amounted to 7,702.2
MEUR - an increase of 4.2% compared to the end of 2013 (December
31, 2013: 7,388.5 MEUR).
- In the third quarter of 2014, the EBITA amounted to 101.0 MEUR and
was thus 44.1% higher than the low level of the previous year's
reference period (Q3 2013: 70.1 MEUR), which was impacted
negatively by additional costs in the PULP & PAPER and the
SEPARATION business areas. The Group's EBITA margin also increased
substantially to 6.9% (Q3 2013: 4.6%). In the first three quarters
of 2014, the EBITA amounted to 234.4 MEUR (+40.4% versus Q1-Q3
2013: 167.0 MEUR) and the EBITA margin was 5.7% (Q1-Q3 2013: 4.0%).
- The net income of the Group in the first three quarters of 2014
amounted to 123.6 MEUR and was thus significantly higher than the
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