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Andritz announces solid business development for third quarter

Andritz expects a slight rise in sales in the 2014 business year compared to the previous year. A significant improvement is expected in the net income compared to the low level of 2013.
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Sales amounted to 1,463.5 million € in the third quarter of 2014 and were thus below the level of the previous yearʼs reference period (Q3 2013: 1,534.5 million €); 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 million € and thus practically reached last yearʼs reference figure (-0.5% versus Q1-Q3 2013: 4,144.6 million €).

As of September 30, 2014, the order backlog amounted to 7,702.2 million € – an increase of 4.2% compared to the end of 2013 (December 31, 2013: 7,388.5 million €).

In the third quarter of 2014, the EBITA amounted to 101.0 million € and was thus 44.1% higher than the low level of the previous yearʼs reference period (Q3 2013: 70.1 million €), which was impacted negatively by additional costs in the Pulp & Paper and the Seperation business areas. The Groupʼs 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 million € (+40.4% versus Q1-Q3 2013: 167.0 million €) 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 million € and was thus significantly higher than the previous yearʼs reference value (Q1-Q3 2013: 78.8 million €).

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