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ANDRITZ Group Reports Favorable Business Development in 2012 - International technology Group ANDRITZ showed favorable business development in 2012 - ANDRITZ.com
ANDRITZ Group Reports Favorable Business Development in 2012

 

PRZOOM - /newswire/ - Stockholm, Sweden, 2013/03/01 - International technology Group ANDRITZ showed favorable business development in 2012 - ANDRITZ.com. Reuters: ANDR.VI

   
 
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• Sales, at 5,176.9 million euros (MEUR), increased by 12.6% compared to the previous year’s reference figure (2011: 4,596.0 MEUR). Particularly the PULP & PAPER business area noted a significant sales increase.

• The order intake, at 4,924.4 MEUR, was 13.7% below the extraordinarily high level of the previous year (2011: 5,706.9 MEUR), which included three large orders with a total value of approximately 1,400 MEUR. Due to these large orders, the order intake decreased in the HYDRO and PULP & PAPER business areas compared to 2011. The other business areas noted an increase of order intake.

• The order backlog as of December 31, 2012 amounted to 6,614.8 MEUR and was thus virtually unchanged compared to the reference figure of last year (-1.0% versus December 31, 2011: 6,683.1 MEUR). In the HYDRO and SEPARATION business areas, the order backlog rose; all other business areas noted a decline.

• The EBITA, at 357.8 MEUR, exceeded the reference figure of last year by 7.9% (2011: 331.5 MEUR). Thus, the EBITA margin amounted to 6.9% (2011: 7.2%); this slight decline is attributable to the project mix in the PULP & PAPER business area (higher portion of large projects compared to 2011) as well as cost overruns on some projects and expenses for business expansion in the emerging markets in the SEPARATION and FEED & BIOFUEL business areas.

• The financial result declined to -2.8 MEUR (2011: 9.0 MEUR) due to the write-down of non-consolidated companies and expenses related to the 350 MEUR corporate bond, issued in July 2012.

• The net income (excluding non-controlling interests) amounted to 243.6 MEUR (2011: 230.7 MEUR).

• The balance sheet structure as of end of 2012 continued to be solid. The equity ratio amounted to 20.0% (December 31, 2011: 20.6%). Liquid funds amounted to 2,047.8 MEUR (end of 2011: 1,814.5 MEUR), the net liquidity to 1,285.7 MEUR (December 31, 2011: 1,400.6 MEUR).

• At the coming Annual General Meeting, the Executive Board will propose to increase the dividend to 1.20 EUR per share for the 2012 business year (2011: 1.10 EUR), corresponding with a payout ratio of approximately 51%.

Wolfgang Leitner, President and CEO of ANDRITZ AG, says about the outlook for the 2013 business year: „We expect no significant recovery of the global economy also in this year. However, we still see solid development with good project activity in the markets served by ANDRITZ”.

Based on these expectations and the first-time consolidation of Schuler AG from March 1, 2013, the ANDRITZ GROUP (andritz.com) expects sales to increase in 2013 compared to the previous year. Net income is also expected to rise compared to last year.

 
 
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ANDRITZ Group Reports Favorable Business Development in 2012

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ANDRITZ AG |
Contact: Oliver Pokorny - ANDRITZ.com 
+43(316) 6902 1332 oliver.pokorny[.]andritz.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANDRITZ AG securities in any jurisdiction including any other companies listed or named in this release.

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