EANS-News: ANDRITZ GROUP: Solid business development with record order intake

Corporate News transmitted by euro adhoc. For the contents of the Issuer is responsible.

Result for the year

Graz –
6. MARCH 2019. The international technology group ANDRITZ recorded in fiscal year 2018 an overall solid business development. The order intake was good at 6.6 billion euros, a historic high, and thus creating a good working stock for 2019. The Board of management will propose to the annual General meeting an unchanged dividend of 1.55 euros per share, which corresponds to on the Basis of the current price of the ANDRITZ share, an attractive dividend yield of around 3.5%.

The results of the fiscal year, in Detail:

* The order intake was due to strong organic growth with a 6.646,2 MEUR, a new record and was thus significantly above the previous year’s comparison value (+19,1% versus 2017: 5.579,5 MEUR). All business segments were able to increase order intake compared to last year.

* The Order backlog at the end of 2018, with a 7.084,3 MEUR, was also significantly above the previous Year’s reference figure (+11,0% versus the end of 2017: common coastal 6.383,0 MEUR).

* The turnover amounted to 6.031,5 MEUR, which is by 2.4% year-on-Year (to 2017: 5.889,1 MEUR). The service business of the group developed very positively and amounted to 36% of the total turnover (2017:
34%).

* The result and profitability development, adjusted for extraordinary effects was compared to the previous year, practically unchanged. The provisions for projected capacitive restructuring measures in the areas of Hydro and Metals Forming, adjusted EBITA amounted to 415,0 MEUR, thus only slightly below the a positive one-off effect of around 25 MEUR from the previous year’s comparison value (2017: 420,4 M.); the adjusted EBITA margin was 6.9% vs. 7.1% in 2017.

Including special items, the EBITA amounted to 394,3 MEUR (2017: 444,0 MEUR) and the EBITA margin of 6.5% to 7.5% in 2017.

* The consolidated result (after deduction of non-controlling interests) decreased to 222,0 M (2017: 263,0 MEUR).

Dr. Wolfgang Leitner, CEO of ANDRITZ AG: „Despite the decline in Earnings we are with the previous fiscal year, to be dissatisfied. The high level of organic growth in order intake confirms once more our technology and market leadership in the markets we serve. In the year 2018, the acquired companies, we can strengthen our competitive position, particularly in the stable service business. Also in 2019, we will continue to invest in the long-term competitiveness of the ANDRITZ GROUP.“

For the full year, 2019, the ANDRITZ GROUP, compared to 2018 largely unchanged, the project and investment activity in its four business areas. Due to the high Order backlog at the end of 2018, ANDRITZ expects for the current fiscal year, a substantial increase in sales and also an increase in the profitability compared to 2018.

IMPORTANT KEY FINANCIAL FIGURES AT A GLANCE

Unit 2018 2017 +/- Q4 2018 Q4 2017 +/-
– Turnover MEUR 6.031,5 5.889,1 +2,4% 1.830,7 1.745,5 +4,9%
Hydro MEUR 1.517,5 1.583,1 -4,1% 431,7 511,6 -15,6%
Pulp & Paper MEUR 2.233,2 2.059,7 +8,4% 710,0 585,4 +21,3%
Metals MEUR 1.635,1 1.643,5 -0,5% 492,4 458,5 +7,4%
Separation MEUR 645,7 602,8 +7,1% 196,6 190,0 +3,5%
– Order intake MEUR 6.646,2 5.579,5 +19,1% 1.908,2 1.467,0 +30,1%
Hydro MEUR 1.445,8 1.317,2 +9,8% 389,6 378,2 +3,0%
Pulp & Paper MEUR 2.571,9 2.033,4 +26,5% 845,5 481,4 +75,6%
Metals MEUR 1.931,8 1.606,5 +20,2% 528,5 462,9 +14,2%
Separation MEUR 696,7 622,4 +11,9% 144,6 144,5 +0,1%
Order backlog (MEUR 7.084,3 6.383,0 +11,0% 7.084,3 6.383,0 +11,0%
of end of period)
EBITDA MEUR 498,0 541,7 -8,1% 176,8 166,5 +6,2%
EBITDA margin % 8,3 9,2 – 9,7 9,5 –
EBITA
(excluding MEUR 415,0 420,4 -1,3% 162,8 137,8 +18,1%
Special effects)
EBITA margin
(adjusted for % 6,9 7,1 – 8,9 7,9 –
Special effects)
EBITA MEUR 394,3 444,0 -11,2% 142,1 137,8 +3,1%
EBITA margin % 6,5 7,5 – 7,8 7,9 –
EBIT, MEUR 321,6 WAS 399.3 -19,5% 92,3 123,4 -25,2%
Financial results MEUR -17,4 1,3 -1.438,5% -11,6 2,1 -652,4%
EBT OF MEUR 304,2 400,6 -24,1% 80,7 125,5 -35,7%
Consolidated profit (after
Deduction of non-MEUR 222,0 263,0 was -15.6% 65,0 73,2 -11,2%
dominant
Shares)
Cash flow
from operating MEUR 7,8 246,5 -96,8% 92,8 117,3 -20,9%
Activity
Investments MEUR 137,0 116,8 +17,3% 67,7 35,3 +91,8%
Employees
(at the end, without – 29.096 25.566 +13,8% 29.096 25.566 +13,8%
Apprentices)

All Figures according to IFRS. In the summing up of rounded amounts and percentages may occur due to use of automatic calculation programs, differences. MEUR = Million euros. EUR = Euro.

– The end –

DOWNLOAD PRESS-INFORMATION
The press release can be downloaded at andritz.com/news-de [http:// www.andritz.com/news-de] on the ANDRITZ Website.

ANDRITZ GROUP
ANDRITZ is an international technology group supplies equipment, systems, equipment, and services for different industries. The company belongs to the technology and market leaders in the area of hydropower, the pulp and paper industry, the Metalworking industry and steel industry as well as in the municipal and industrial Solid-Liquid separation. Further important business fields of the animal feed and Biomass pelleting, as well as the automation, where ANDRITZ is offering under the brand name of Metris has a wide range of innovative products and services in the area of Industrial Internet of Things (IIoT). In addition, the company is also in the field of power generation (steam boiler plants, biomass power plants, recovery boilers, gasification plants) and environmental technology (Flue gas and exhaust gas cleaning systems) and offers facilities for the production of nonwovens, dissolving pulp and fiber plates as well as recycling plants.

Passion for innovative technology, and absolute customer orientation, partnership, and reliability and integrity are core values for ANDRITZ. The headquarters of the stock exchange-listed group is headquartered in Graz, Austria. With almost 170 years ‚ experience, 29,000 employees and over 280 locations in more than 40 countries around the world, ANDRITZ is a reliable and competent Partner supports its customers in their business and to achieve objectives of sustainability.

Business and financial reports
Business and financial reports are available on the ANDRITZ Website andritz.com [http:/ /www.andritz.com/] is available for Download and can also be ordered as free paper copies under investors@andritz.com [investors@andritz.com].

Disclaimer
Certain statements in this press release are „forward-looking statements“. These statements, which the words „believe,“ „intend,“ „expect,“ and terms of similar meaning, reflect the beliefs and expectations of management and are subject to risks and uncertainties that may cause actual results to differ materially. The reader should not place undue reliance on these forward-looking statements. The company is not obliged to publish the result of any adjustments contained in these forward-looking statements, except as required by applicable law.

End of announcement euro adhoc

Issuer: Andritz AG
Stattegger Strasse 18
A-8045 Graz
Phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
Email: welcome@andritz.com
WWW: www.andritz.com
ISIN: AT0000730007
Indices: ATX, WBI
Stock Exchanges: Vienna
Language: English

Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
michael.buchbauer@andritz.com