International technology Group ANDRITZ has presented its results for the first quarter of 2014. The key financial figures developed as follows:
- Sales amounted to 1,219.5 million euros (MEUR) and were thus 4.8% higher th an the reference figure for the previous year (Q1 2013: 1,163.8 MEUR). This increase is due to the Schuler Group*; excluding Schuler, sales would have decreased by 8.9% mainly as a result of the project related low sales generation in several business areas.
- The order intake, at 1,742.2 MEUR, saw a very favorable development, rising b y 35.2% compared to the first quarter of 2013 (Q1 2013: 1,288.3 MEUR). The Schuler Group contributed 319.8 MEUR; excluding Schuler, the order intake would have increased by 19.3%, with the PULP & PA PER business area noting a very good order intake.
- The order backlog as of March 31, 2014 increased to 7,734.7 MEUR compared to the end of last year (December 31, 2013: 7,388.5 MEUR).
- The EBITA amounted to 48.6 MEUR (Q1 2013: 14.2 MEUR). Earnings were th us considerably above the very low reference figure of the previous year, which was strongly negatively im pacted by high provisions booked for a pulp mill project in South America, but still failed to reach a satisfa ctory level, as did the EBITA margin at 4.0% (Q1 2013: 1.2%). This is attributable in parti ular to the p roject-related low sales generation and cost overruns on some projects in the PULP & PAPER, METAL S (excluding Schuler), and SEPARATION business areas.
- Net income (excluding non-controlling interests), at 20.7 MEUR, was significantly above the very low reference figure for the previous year (Q1 2013: 4.1 MEUR).
On the basis of this business development, the order backlog, and the sales contribution by the Schuler Group, which was not included in the accounts for full twelve months in 2013, the ANDRITZ GROUP expects a slight rise in sales in the 2014 business year compared to the previous year. The net income is currently expected to show a significant improvement compared to the low level in 2013.
* First-time consolidation of Schuler: March 1, 2013; thus in Q1 2013 included for one month only
See below for the attached file for the Key Financial Figures