EANS-News: ANDRITZ GROUP: solid business development in the first quarter of 2012

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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quarterly report

Graz (euro adhoc) – Graz, May 4, 2012. International technology
Group ANDRITZ saw a favorable business development during the first
quarter of 2012:

– Sales of the ANDRITZ GROUP amounted to 1,185.7 MEUR – an increase
of 28.4% compared to the reference figure for the previous year (Q1
2011: 923.7 MEUR). All business areas, particularly PULP & PAPER,
achieved significant increases in sales.

– Order intake amounted to 1,361.2 MEUR. Although declining by 18.3%
compared to the very high figure of last year’s reference period
(Q1 2011: 1,666.0 MEUR), which included a major PULP & PAPER order,
the order intake nevertheless reached a favorably high level.

– The order backlog as of March 31, 2012 rose by 5.3% compared to the
end of the previous year, reaching 7,034.7 MEUR (December 31, 2011:
6,683.1 MEUR).

– The EBITA in the first quarter of 2012 amounted to 72.5 MEUR, thus
increasing – in line with sales – by 29.2% compared to the previous
year’s reference value (Q1 2011: 56.1 MEUR). The EBITA margin
(profitability), at 6.1%, remained unchanged compared to the first
quarter of 2011 (6.1%).

– Net income (excluding non-controlling interests) amounted to 50.5
MEUR and was thus significantly above the reference figure for the
previous year (+36.5% vs. Q1 2011: 37.0 MEUR).

– The net worth position and capital structure as of March 31, 2012
remained solid. The equity ratio amounted to 19.5% (December 31,
2011: 20.6%). The liquid funds (cash and cash equivalents plus
marketable securities plus loans against borrowers‘ notes) amounted
to 1,730.3 MEUR (December 31, 2011: 1,814.5 MEUR). Net liquidity
(liquid funds plus fair value of interest rate swaps minus
financial liabilities) amounted to 1,301.4 MEUR (December 31, 2011:
1,400.6 MEUR).

President and CEO Wolfgang Leitner comments on the expected
development for the coming months: „We currently see solid project
activity in all markets that ANDRITZ serves. Only in the METALS
business area we expect the moderate development to continue.“ On the
basis of these expectations and the very high order backlog, the
ANDRITZ GROUP expects an increase in sales and net income in 2012
compared to 2011.

– End –

Key figures of the ANDRITZ GROUP at a glance

(Acc. to IFRS) Unit Q1 2012 Q1 2011 +/- 2011
Sales MEUR 1,185.7 923.7 +28.4% 4,596.0
HYDRO MEUR 403.4 364.5 +10.7% 1,772.9
PULP & PAPER* MEUR 563.5 373.3 +51.0% 1,884.9
SEPARATION* MEUR 90.0 81.3 +10.7% 419.9
METALS MEUR 89.4 71.1 +25.7% 372.7
FEED & BIOFUEL MEUR 39.4 33.5 +17.6% 145.6

Order intake MEUR 1,361.2 1,666.0 -18.3% 5,706.9
HYDRO MEUR 597.5 583.9 +2.3% 2,096.2
PULP & PAPER* MEUR 529.4 817.5 -35.2% 2,694.1
SEPARATION* MEUR 124.1 124.5 -0.3% 438.8
METALS MEUR 64.3 104.7 -38.6% 318.6
FEED & BIOFUEL MEUR 45.9 35.4 +29.7% 159.2

Order backlog
(as of end of period) MEUR 7,034.7 6,388.0 +10.1% 6,683.1

EBITDA MEUR 86.5 68.7 +25.9% 386.2
EBITDA margin % 7.3 7.4 – 8.4

EBITA MEUR 72.5 56.1 +29.2% 331.5
EBITA margin % 6.1 6.1 – 7.2

Earnings Before
Interest and Taxes
(EBIT) MEUR 66.7 52.0 +28.3% 312.7

Financial result MEUR 3.4 3.0 +13.3% 9.0

Earnings Before
Taxes (EBT) MEUR 70.1 55.0 +27.5% 321.7

Net income (excl.
(non-controlling
interests) MEUR 50.5 37.0 +36.5% 230.7

Cash flow from
operating activities MEUR 31.2 151.1 -79.4% 433.8

Investments in fixed
tangible and
intangible assets MEUR 19.5 10.3 +89.3% 77.0

Employees
(as of end of period) – 17,063 15,856 +7.6% 16,750

* In the first quarter of 2012, there was a minor shift of some
products from the SEPARATION business area to the PULP & PAPER
business area. Comparison figures for 2011 have been adjusted
accordingly in both business areas.

The interim financial report for the first quarter of 2012 is
available online and as download at www.andritz.com. Printed copies
can be requested by telephone (+43 316 6902 2722), fax (+43 316 6902
465), or by e-mail (investors@andritz.com).

The ANDRITZ GROUP International technology Group ANDRITZ is a
globally leading supplier of plants, equipment, and services for
hydropower stations, the pulp and paper industry, solid-liquid
separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In
addition, ANDRITZ offers technologies for certain other sectors
including automation, pumps, machinery for nonwovens and plastic
films, steam boiler plants, biomass boilers and gasification plants
for energy generation, flue gas cleaning plants, plants for the
production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed ANDRITZ GROUP is
headquartered in Graz, Austria and has a staff of approximately
17,000 employees worldwide. ANDRITZ operates over 180 production
sites, service, and sales companies all around the world.

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.

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

end of announcement euro adhoc
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company: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English

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