EANS-News

ANDRITZ GROUP: Results for Q2 and H1 2018

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Mid Year Results

Graz -
AUGUST 2, 2018: International technology Group ANDRITZ saw favorable business
development in the second quarter of 2018. Order intake increased significantly
compared to the reference figure of the previous year, sales and earnings also
showed solid development. The key financial figures developed as follows:

* In the second quarter of 2018, order intake, at 1,736.5 MEUR, was well above
the previous year's reference figure (+43.4% versus Q2 2017: 1,211.3 MEUR).
All business areas were able to increase their order intake compared to the
previous year's reference period. Thus, the positive trend in order intake in
the preceding quarters continued (Q3 2017: 1,341.2 MEUR, Q4 2017: 1,467.0
MEUR, Q1 2018: 1,532.8 MEUR). As a result, order intake in the first half of
2018 developed very favorably, rising to 3,269.3 MEUR. This is an increase of
18.0% compared to the previous year's reference period (H1 2017: 2,771.3
MEUR).


* The order backlog as of June 30, 2018 amounted to 6,841.1 MEUR and increased
by 7.2% compared to the end of 2017 (6,383.0 MEUR) as a result of the increase
in order intake in the preceding quarters.


* Sales rose in the second quarter of 2018 by 5.7% compared to the previous
year's reference period (Q2 2017: 1,392.8 MEUR) and reached 1,472.1 MEUR. This
almost entirely made up for the decline in sales in the first quarter, with
the result that sales in the first half of 2018, at 2,763.1 MEUR, were only
slightly below the level of the previous year's reference period (-0.6% versus
H1 2017: 2,779.0 MEUR).


* Due to the increase in sales and favorable development of the Pulp & Paper
business area, the EBITA in the second quarter increased to 94.6 MEUR and thus
was up by 9.4% compared to the previous year's reference figure (86.5 MEUR)
adjusted by the extraordinary positive effect of approximately 25 MEUR (mainly
attributable to sale of the Schuler Technical Center in Tianjin, China).
Compared to the EBITA for Q2 2017 including this extraordinary positive
effect, the EBITA in the second quarter of 2018 decreased by 13.9%. In the
first half of 2018, the EBITA amounted to 166.3 MEUR and was 8.8% below the
previous year's reference figure (182.3 MEUR) adjusted for the positive
extraordinary effect. This is due to the drop in earnings in the first quarter