06/05/2015: ANDRITZ GROUP: results for the first quarter of 2015

International technology (including aquatic feed processing machinery) Group ANDRITZ recorded a solid business development in the first quarter of 2015.
     

Image: MorboKat

The key financial figures developed as follows:

• Sales amounted to 1404.3 million euros (MEUR) and were thus significantly higher than the reference figure for the previous year (+15.2 percent versus Q1 2014: 1219.5 MEUR). All business areas, particularly PULP & PAPER, recorded a significant increase in sales.
• The order intake, at 1430.6 MEUR, reached a satisfactory level. However, it was 17.9 percent below the extraordinary high reference figure of the previous year, which had included large orders in the HYDRO and PULP & PAPER business areas (Q1 2014: 1742.2 MEUR).
• The order backlog as of March 31, 2015 slightly increased to 7785.6 MEUR (December 31, 2014: 7510.6 MEUR).
• The EBITA amounted to 73.4 MEUR (Q1 2014: 48.6 MEUR). Earnings were thus 51.0 percent above the low reference figure of last year, but still failed to reach a satisfactory level, as did the EBITA margin at 5.2 percent (Q1 2014: 4.0 percent). This is mainly attributable to temporary exchange rate differences from negative market values from project-related currency hedges that will balance out by the time the orders are completed/paid. Excluding these market values, the EBITA margin of the Group would have amounted to 6.1 percent.
• Net income amounted to 44.0 MEUR (+112.6 percent versus Q1 2014: 20.7 MEUR).

On the basis of the current order backlog, ANDRITZ expects a slight increase in sales and net income in 2015 compared to the previous year.

Visit the ANDRITZ site HERE.

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