EQS-News: ANDRITZ GROUP: Results for Q2 and H1 2022

EQS-News: Andritz AG / Key word(s): Quarter Results
ANDRITZ GROUP: Results for Q2 and H1 2022

29.07.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

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Graz, JULY 29, 2022. International technology group ANDRITZ saw very favorable
business development in the second quarter of 2022. At just under 2.2 billion
euros, order intake was significantly higher than the good previous year’s
reference quarter, the order backlog reached a new record level of just under 9.9
billion euros. Revenue as well as the operating result (EBITA) and profitability
(EBITA margin) also increased sharply compared to the previous year.

Joachim Schönbeck, President and CEO of ANDRITZ AG: “We are very pleased with the
business development in the first half of 2022. At just under 4.8 billion euros,
order intake reached the highest half-year figure in the company’s history. All
four of our business areas saw good order intake development and succeeded in
securing important reference orders. We are also cautiously optimistic regarding
the remaining months of the current year and from today’s perspective we expect
solid project and investment activity in all our business areas.”

The key financial figures developed as follows:

• In the second quarter of 2022, order intake at 2,179.0 MEUR was well above the
previous year’s reference quarter (+17.0% versus Q2 2021: 1,862.3 MEUR). All
business areas succeeded in increasing their order intake compared to the
previous year’s reference period. Order intake of the ANDRITZ GROUP in the
first half of 2022 amounted to 4,767.6 MEUR and increased significantly
compared to the reference period of the previous year (+32.7% versus H1 2021:
3,591.8 MEUR).

• Order backlog as of June 30, 2022 amounted to 9,859.1 MEUR, reaching a new
record high and increased by 20.7% compared to the end of 2021 (8,165.8 MEUR).

• Revenue reached 1,790.1 MEUR in the second quarter of 2022 and rose by 16.7%
compared to the previous year’s reference period (Q2 2021: 1,533.8 MEUR). All
four business areas recorded an increase in revenue. Revenue of the ANDRITZ
GROUP in the first half of 2022 amounted to 3,317.0 MEUR and increased by 9.6%
compared to the previous year’s reference period (H1 2021: 3,027.0 MEUR).

• The EBITA amounted to 150.9 MEUR (Q2 2021: 126.8 MEUR) in the second quarter
of 2022 and increased more than revenue. All four business areas were able to
increase their earnings compared to the previous year’s reference quarter –
with significant increases in some cases. Thus, profitability (EBITA margin)
increased to 8.4% (Q2 2021: 8.3%).The EBITA of the ANDRITZ GROUP amounted to
273.2 MEUR in the first half of 2022 and was significantly higher than the
level of the previous year’s reference period (+14.9% versus H1 2021:
237.7 MEUR).

• The net income (without non-controlling interests) rose significantly in the
second quarter of 2022 to 95.7 MEUR (Q2 2021: 74.6 MEUR). In the first half of
2022, the net income (without non-controlling interests) amounted to 167.2 
MEUR (H1 2021: 136.7 MEUR).

OUTLOOK FOR 2022: INCREASE IN REVENUE AND EARNINGS EXPECTED
Economic experts expect a further slowdown in the global economy in the remaining
months of 2022 due to the ongoing war in Ukraine, the energy crisis in Europe and
the unchanged tense situation in international supply chains. A slowdown is
expected for Europe in particular.

In spite of the difficult overall economic conditions, project and investment
activity in the industries served by ANDRITZ remains good. ANDRITZ offers a broad
product portfolio of sustainable solutions (renewable energy, recycling, biofuels,
etc.) that customers need to achieve their own ESG goals. Increased demand from
this sector is counteracting the overall economic slowdown.

For 2022 as a whole, ANDRITZ therefore confirms the financial guidance published
when the results for the first quarter of 2022 were announced and, from today’s
perspective, expects an increase in revenue as well as in EBITA and net income
compared to the previous year.

KEY FINANCIAL FIGURES AT A GLANCE 

  Unit H1 2022 H1 2021 +/- Q2 2022 Q2 2021 +/- 2021
Revenue MEUR 3,317.0 3,027.0 +9.6% 1,790.1 1,533.8 +16.7% 6,463.0
    Pulp & Paper MEUR 1,580.4 1,464.6 +7.9% 867.5 753.7 +15.1% 3,070.6
    Metals MEUR 734.0 638.1 +15.0% 377.5 322.0 +17.2% 1,366.1
    Hydro MEUR 650.2 609.5 +6.7% 358.6 293.5 +22.2% 1,345.1
    Separation MEUR 352.4 314.8 +11.9% 186.5 164.6 +13.3% 681.2
Order intake MEUR 4,767.6 3,591.8 +32.7% 2,179.0 1,862.3 +17.0% 7,879.7
    Pulp & Paper MEUR 2,080.8 1,712.3 +21.5% 975.0 866.8 +12.5% 3,774.7
    Metals MEUR 990.7 843.6 +17.4% 489.3 414.5 +18.0% 1,778.8
    Hydro MEUR 1,214.1 654.5 +85.5% 457.8 370.2 +23.7% 1,565.2
    Separation MEUR 482.0 381.4 +26.4% 256.9 210.8 +21.9% 761.0
Order backlog
(as of end of period) MEUR 9,859.1 7,403.5 +33.2% 9,859.1 7,403.5 +33.2% 8,165.8
EBITDA MEUR 362.2 318.6 +13.7% 198.8 167.5 +18.7% 718.3
EBITDA margin % 10.9 10.5 – 11.1 10.9 – 11.1
EBITA MEUR 273.2 237.7 +14.9% 150.9 126.8 +19.0% 546.5
EBITA margin % 8.2 7.9 – 8.4 8.3 – 8.5
Earnings Before
Interest
and Taxes (EBIT) MEUR 241.5 204.1 +18.3% 135.2 107.7 +25.5% 479.6
Financial result MEUR -18.4 -18.2 -1.1% -7.7 -5.8 -32.8% -40.0
Earnings Before Taxes
(EBT) MEUR 223.1 185.9 +20.0% 127.5 101.9 +25.1% 439.6
Net income
(without
non-controlling
interests) MEUR 167.2 136.7 +22.3% 95.7 74.6 +28.3% 325.5
Cash flow from
perating activities MEUR 413.2 153.0 +170.1% 186.1 83.8 +122.1% 529.6
Capital expenditure MEUR 80.5 60.1 +33.9% 41.4 28.2 +46.8% 160.1
Employees
(as of end of period;
without apprentices) – 27,428 26,711 +2.7% 27,428 26,711 +2.7% 26,804

All figures according to IFRS. Due to the utilization of automatic calculation
programs, differences can arise in the addition of rounded totals and percentages.

MEUR = million euros. EUR = euros.

 

– End –
 

PRESS RELEASE AVAILABLE FOR DOWNLOAD
This press release is available for download at andritz.com/news.

FOR FURTHER INFORMATION, PLEASE CONTACT
Dr. Michael Buchbauer
Head of Corporate Communications
[1]michael.buchbauer@andritz.com
andritz.com

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative
plants, equipment, systems, services and digital solutions for many different
industries and end-markets. ANDRITZ ranks among the global market leaders in all
four of its business areas – Pulp & Paper, Metals, Hydro, and Separation.
Technological leadership, global presence, and sustainability are the main pillars
of the company’s business strategy for achieving long-term growth. The publicly
listed group has around 27,400 employees and over 280 locations in more than 40
countries.

ANNUAL AND FINANCIAL REPORTS
The annual and financial reports are available for download on the ANDRITZ web
site at [2]andritz.com.

DISCLAIMER
Certain statements contained in this press release constitute “forward-looking
statements”. These statements, which contain the words “believe,” “intend,”
“expect,” and words of a similar meaning, reflect the Executive Board’s beliefs
and expectations and are subject to risks and uncertainties that may cause actual
results to differ materially. As a result, readers are cautioned not to place
undue reliance on such forward-looking statements. The company disclaims any
obligation to publicly announce the result of any revisions to the forward-looking
statements made herein, except where it would be required to do so under
applicable law.

 

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29.07.2022 This Corporate News was distributed by EQS Group AG. www.eqs.com

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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1408495

 
End of News EQS News Service

1408495  29.07.2022 

References

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1. michael.buchbauer@andritz.com
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