EQS-News: ANDRITZ GROUP: Results for the 2021 business year

EQS-News: Andritz AG / Key word(s): Annual Results
ANDRITZ GROUP: Results for the 2021 business year

08.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

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ANDRITZ GROUP: Results for the 2021 business year

GRAZ, MARCH 8, 2022. International technology group ANDRITZ saw very
favorable business development in the 2021 business year, with record
figures in order intake, net income, and profitability. The Executive
Board will propose a dividend of 1.65 euros per share to the Annual
General Meeting, which is equal to a payout ratio of around 50%.

Wolfgang Leitner, CEO of ANDRITZ AG, on the past business year: „We are
very satisfied with business development in 2021. The record order intake,
with increases in all four business areas, shows that we are in a strong
competitive position in all of the industries we serve. And we also
succeeded operationally in coping well with the challenges of the Covid
pandemic.“

The results of the business year in detail:

– The order intake of 7,879.7 MEUR reached a record level and was thus
significantly higher than the figure for the previous year (+29.0% versus
2020: 6,108.0 MEUR). All four business areas were able to increase their
order intake significantly compared to the previous year.

– The order backlog as of the end of 2021 also reached a record figure at
8,165.8 MEUR and was thus significantly higher than the value for the
previous year’s reference period (+20.5% compared to the end of 2020:
6,774.0 MEUR).

– Revenue amounted to 6,463.0 MEUR and was slightly below the record
figure for the previous year (-3.5% compared to 2020: 6,699.6 MEUR). This
decline is attributable to the Pulp & Paper business area, which executed
several larger orders with a strong revenue contribution in 2020.

– Despite the slightly lower revenue compared to the previous year, the
operating result (EBITA) increased substantially, reaching an all-time
high of 546.5 MEUR (2020: 391.7 MEUR). Profitability (EBITA margin)
increased significantly to 8.5% (2020: 5.8%).

– The EBITA excluding extraordinary effects amounted to 549.9 MEUR and
thus was also significantly higher than the EBITA excluding extraordinary
effects in the previous year (2020: 471.1 MEUR), which included
extraordinary expenses of around 79 MEUR (primarily in the Metals Forming
and Hydro sectors). At 8.5%, the EBITA margin for 2021 excluding these
extraordinary effects was substantially higher than in the previous year
(2020: adjusted EBITA margin: 7.0%).

– The net income (including non-controlling interests) increased
significantly to 321.7 MEUR (2020: 203.7 MEUR).

From today’s perspective, ANDRITZ expects an increase in revenue as well
as in EBITA and net income for the full year of 2022.

If the continuing global economic recovery expected by market researchers
for 2022 does not take place, the pandemic intensifies again or the
conflict between Russia and the Ukraine escalates further, this may result
in negative effects on the processing of orders and on order intake and
hence, a negative impact on ANDRITZ’s financial development. Similarly,
further increases in the price of raw materials or bottlenecks in global
supply chains could have a negative effect on the Group’s earnings
development.

 

KEY FINANCIAL FIGURES AT A GLANCE

  Unit 2021 2020 +/- Q4 2021 Q4 2020 +/-
Revenue MEUR 6,463.0 6,699.6 -3.5% 1,914.5 1,856.9 +3.1%
– Pulp & Paper MEUR 3,070.6 3,339.0 -8.0% 861.2 891.7 -3.4%
– Metals MEUR 1,366.1 1,420.5 -3.8% 410.8 371.5 +10.6%
– Hydro MEUR 1,345.1 1,296.0 +3.8% 441.0 403.4 +9.3%
– Separation MEUR 681.2 644.1 +5.8% 201.5 190.3 +5.9%
Order intake MEUR 7,879.7 6,108.0 +29.0% 2,826.9 1,363.3 +107.4%
– Pulp & Paper MEUR 3,774.7 2,961.1 +27.5% 1,460.1 544.8 +168.0%
– Metals MEUR 1,778.8 1,143.6 +55.5% 572.9 300.9 +90.4%
– Hydro MEUR 1,565.2 1,335.4 +17.2% 589.9 374.0 +57.7%
– Separation MEUR 761.0 667.9 +13.9% 204.0 143.6 +42.1%
Order backlog (as of
end of period) MEUR 8,165.8 6,774.0 +20.5% 8,165.8 6,774.0 +20.5%
EBITDA MEUR 718.3 571.1 +25.8% 232.8 166.4 +39.9%
EBITDA margin % 11.1 8.5 – 12.2 9.0 –
EBITA MEUR 546.5 391.7 +39.5% 181.5 113.2 +60.3%
EBITA margin % 8.5 5.8 – 9.5 6.1 –
EBIT MEUR 479.6 315.0 +52.3% 164.3 97.0 +69.4%
Financial result MEUR -40.0 -34.1 -17.3% -14.6 -8.2 -78.0%
EBT MEUR 439.6 280.9 +56.5% 149.7 88.8 +68.6%
Net income
(including
non-controlling
interests) MEUR 321.7 203.7 +57.9% 111.7 69.1 +61.6%
Cash flow
from operating
activities MEUR 529.6 461.5 +14.8% 345.9 206.4 +67.6%
Capital expenditure MEUR 160.1 131.8 +21.5% 71.0 44.2 +60.6%
Employees
(as of end of period;
without apprentices) – 26,804 27,232 -1.6% 26,804 27,232 -1.6%
               

 

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 [1]andritz.com/news on the
ANDRITZ web site.

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

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of
innovative plants, equipment, systems, services and digital solutions for
a wide range of industries and end markets. ANDRITZ is a global market
leader in all four of its business areas – Pulp & Paper, Metals, Hydro,
and Separation. Technological leadership, global presence and
sustainability are the cornerstones of the group’s strategy, which is
focused on long-term profitable growth. The publicly listed group has
around 26,800 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 [4]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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08.03.2022 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: 1295897

 
End of News EQS News Service

1295897  08.03.2022 

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