EANS-News

ANDRITZ GROUP: Results for Q2 and H1 2018 - Seite 2

of 2018, which was marked by declining sales and cost overruns in the Metals
business area. Compared to the EBITA for H1 2017 including the extraordinary
effect, the EBITA for the first half of 2018 fell by 19.8%.


* The net income (without non-controlling interests) fell in the second quarter
of 2018 to 56.6 MEUR (Q2 2017: 67.8 MEUR). In the first half of 2018, the net
income (without non-controlling interests) amounted to 100.6 MEUR (H1 2017:
130.8 MEUR).

OUTLOOK
The ANDRITZ GROUP expects unchanged stable development of sales in the 2018
business year as compared to the previous year. Profitability (EBITA margin)
should also continue to develop positively and reach roughly the level of the
previous year, taking account of the positive special effect recorded last year.

Wolfgang Leitner, President & CEO of ANDRITZ AG: "We are satisfied overall with
business development in the first half of this year. In particular, the positive
development in order intake, which has now been increasing for four consecutive
quarters, gives us grounds for optimism. We also envisage good project and
investment activity for the remaining months of the year in the markets we
serve."

KEY FINANCIAL FIGURES AT A GLANCE

Unit H1 2018 H1 2017 +/- Q2 2018 Q2 2017 +/- 2017
Sales MEUR 2,763.1 2,779.0 -0.6% 1,472.1 1,392.8 +5.7% 5,889.1
- Hydro MEUR 724.3 724.6 -0.0% 374.6 368.7 +1.6% 1,583.1
- Pulp & Paper MEUR 1,009.5 990.9 +1.9% 550.5 482.2 +14.2% 2,059.7
- Metals MEUR 742.4 792.3 -6.3% 394.9 394.8 +0.0% 1,643.5
- Separation MEUR 286.9 271.2 +5.8% 152.1 147.1 +3.4% 602.8
Order intake MEUR 3,269.3 2,771.3 +18.0% 1,736.5 1,211.3 +43.4% 5,579.5
- Hydro MEUR 753.1 514.0 +46.5% 318.3 204.5 +55.6% 1,317.2
- Pulp & Paper MEUR 1,180.9 1,124.9 +5.0% 723.4 471.6 +53.4% 2,033.4
- Metals MEUR 946.7 814.2 +16.3% 478.9 371.5 +28.9% 1,606.5
- Separation MEUR 388.6 318.2 +22.1% 215.9 163.7 +31.9% 622.4
Order backlog (as of MEUR 6,841.1 6,849.1 -0.1% 6,841.1 6,849.1 -0.1% 6,383.0
end of period)
EBITDA MEUR 211.7 253.5 -16.5% 117.9 132.8 -11.2% 541.7
EBITDA margin % 7.7 9.1 - 8.0 9.5 - 9.2
EBITA MEUR 166.3 207.3 -19.8% 94.6 109.9 -13.9% 444.0
EBITA margin % 6.0 7.5 - 6.4 7.9 - 7.5
Earnings Before
Interest and Taxes MEUR 152.9 185.4 -17.5% 88.5 98.5 -10.2% 399.3
(EBIT)
Financial result MEUR -10.0 3.5 -385.7% -8.6 0.1 n/a 1.3
Earnings Before MEUR 142.9 188.9 -24.4% 79.9 98.6 -19.0% 400.6
Taxes (EBT)
Net income (without
non-controlling MEUR 100.6 130.8 -23.1% 56.6 67.8 -16.5% 263
interests)
Cash flow from MEUR -101.2 81.5 -224.2% -77.8 -66.2 -17.5% 246.5
operating activities
Capital expenditure MEUR 47.2 55.9 -15.6% 24.7 26.9 -8.2% 116.8
Employees (as of end