EQS-News: ANDRITZ GROUP: Continued very favorable business development in the 3rd quarter of 2022

EQS-News: Andritz AG / Key word(s): Quarter Results/9 Month figures
ANDRITZ GROUP: Continued very favorable business development in the 3rd quarter of
2022

04.11.2022 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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ANDRITZ GROUP: Continued very favorable business development in the 3rd quarter of
2022

• Four quarters in a row with order intake of over two billion euros
• Record order backlog of almost 11 billion euros
• Strong increase in revenue
• Significant increase in net income

GRAZ, NOVEMBER 4, 2022. As in the previous quarters, international technology
group ANDRITZ saw very favorable business development in the third quarter of 2022.
Order intake amounted to almost 2.7 billion euros, exceeding two billion euros for
the fourth quarter in a row. At 10.8 billion euros at the end of September 2022,
the order backlog reached a new record level.

Joachim Schönbeck, President & CEO of ANDRITZ AG: “All four of our business areas
offer a wide range of sustainable products and solutions that serve current mega
trends such as decarbonization, e-mobility, energy transition, and circular
economy. This is reflected in the very pleasing development of our order intake.
Despite short-term worries about a recession, we see growing demand for our
products and solutions in the medium and long term.”

The Group’s financial key figures:

• Order intake in the third quarter of 2022 amounted to 2,683.4 MEUR and was thus
almost twice as high than the figure for the previous year’s reference period
(Q3 2021: 1,461.0 MEUR). Especially the Pulp & Paper and Metals business areas
contributed to this significant increase.

• Order backlog as of September 30, 2022 amounted to 10,822.2 MEUR, thus reaching
a historical record high (+32.5% compared to the end of 2021: 8,165.8 MEUR).

• Revenue reached 1,890.8 MEUR in the third quarter of 2022 and was thus well
above the figure for the previous year’s reference period (Q3 2021: 1,521.5
MEUR). All four business areas noted significant increases in revenue compared
to the previous year. Revenue, at 5,207.8 MEUR, was also significantly higher
than the previous year’s reference figure (+14.5% versus Q1-Q3 2021: 4,548.5
MEUR) in the first three quarters of 2022.

• At 152.6 MEUR, the EBITA in the third quarter of 2022 was considerably higher
than the figure for the previous year’s reference period (Q3 2021: 127.3 MEUR).
The EBITA in the first three quarters of 2022 amounted to 425.8 MEUR (+16.7%
compared to Q1-Q3 2021: 365.0 MEUR). Profitability (EBITA margin) at 8.2% was
higher compared to the previous year’s reference period (EBITA margin Q1-Q3
2021: 8.0%).

• Net income (without non-controlling interests) increased significantly in the
third quarter of 2022 to 100.8 MEUR (Q3 2021: 76.2 MEUR). In the first three
quarters of 2022, the net income (without non-controlling interests) amounted
to 268.0 MEUR (Q1-Q3 2021: 212.9 MEUR) and was thus 25.9% higher than the level
of the previous year’s reference period.

OUTLOOK, FINANCIAL GUIDANCE
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 

Q1-Q3 Q1-Q3 Q3 Q3
  Unit 2022 2021 +/- 2022 2021 +/- 2021
Revenue MEUR 5,207.8 4,548.5 +14.5% 1,890.8 1,521.5 +24.3% 6,463.0
    Pulp & Paper MEUR 2,470.1 2,209.4 +11.8% 889.7 744.8 +19.5% 3,070.6
    Metals MEUR 1,133.8 955.3 +18.7% 399.8 317.2 +26.0% 1,366.1
    Hydro MEUR 1,044.8 904.1 +15.6% 394.6 294.6 +33.9% 1,345.1
    Separation MEUR 559.1 479.7 +16.6% 206.7 164.9 +25.3% 681.2
Order intake MEUR 7,451.0 5,052.8 +47.5% 2,683.4 1,461.0 +83.7% 7,879.7
    Pulp & Paper MEUR 3,628.4 2,314.6 +56.8% 1,547.6 602.3 +156.9% 3,774.7
    Metals MEUR 1,554.8 1,205.9 +28.9% 564.1 362.3 +55.7% 1,778.8
    Hydro MEUR 1,571.0 975.3 +61.1% 356.9 320.8 +11.3% 1,565.2
    Separation MEUR 696.8 557.0 +25.1% 214.8 175.6 +22.3% 761.0
Order backlog
as of end of period) MEUR 10,822.2 7,341.9 +47.4% 10,822.2 7,341.9 +47.4% 8,165.8
EBITDA MEUR 557.1 485.5 +14.7% 194.9 166.9 +16.8% 718.3
EBITDA margin % 10.7 10.7 – 10.3 11.0 – 11.1
EBITA MEUR 425.8 365.0 +16.7% 152.6 127.3 +19.9% 546.5
EBITA margin % 8.2 8.0 – 8.1 8.4 – 8.5
Earnings Before
Interest
and Taxes (EBIT) MEUR 377.7 315.3 +19.8% 136.2 111.2 +22.5% 479.6
Financial result MEUR -20.6 -25.3 +18.6% -2.2 -7.1 +69.0% -40.0
Earnings Before
Taxes (EBT) MEUR 357.1 290.0 +23.1% 134.0 104.1 +28.7% 439.6
Net income without
on-controlling
interests) MEUR 268.0 212.9 +25.9% 100.8 76.2 +32.3% 325.5
Cash flow
from operating
activities MEUR 442.6 183.7 +140.9% 29.4 30.7 -4.2% 529.6
Capital expenditure MEUR 119.9 89.1 +34.6% 39.4 29.0 +35.9% 160.1
Employees as of end
of period;
without apprentices) – 27,925 26,789 +4.2% 27,925 26,789 +4.2% 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 and services for the pulp and paper industry, the
hydropower sector, the metals processing and forming industry, pumps, solid/liquid
separation in the municipal and industrial sectors, as well as animal feed and
biomass pelleting. Plants for power generation, flue gas cleaning, recycling, and
the production of nonwovens and panelboard complete the global product and service
offering. Innovative products and services in the industrial digitalization sector
are offered under the brand name Metris and help customers to make their plants
more user-friendly, efficient, and profitable. The publicly listed group has around
27,900 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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04.11.2022 CET/CEST 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: 1478043

 
End of News EQS News Service

1478043  04.11.2022 CET/CEST

References

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1. michael.buchbauer@andritz.com
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