The company’s sales amounted to EUR 5,859.3 million and were thus 2.6% higher than in the previous year.

At EUR 379.5 million, the EBITA was well above the very low level of the previous year, which was impacted negatively by additional costs in the Pulp & Paper and Separation business areas. The EBITA margin also increased substantially to 6.5%, compared to 2.9% in 2013.

Positive development

Order intake increased by 8.7%, reaching an all-time high of EUR 6,101 million, compared to EUR 5,611 million in 2013. This positive development is attributable to the success at the Pulp & Paper and Metals business areas.

The order backlog at the end of 2014 amounted to EUR 7,510.6 million, and thus also reached a new record high, achieving a 1.7% increase compared to the end of 2013.

Other figures

The net worth position and capital structure as of 31 December 2014 remained solid. Total assets amounted to EUR 5,967.6 million, compared to EUR 5,571.4 million in 2013, and the equity ratio to 17%, as opposed to 16.7% in 2013.

Liquid funds reached EUR 1,701.6 million, compared to EUR 1,517 million in 2013, and net liquidity amounted to EUR 1,065.1 million, showing a significant increase over 2013, when it amounted to EUR 893.1 million.

At the Annual General Meeting on 26 March, the Executive Board will propose a dividend increase to EUR 1 per share for the 2014 business year, which is a double of what it was in 2013.

Outlook

“From today’s perspective, no substantial change is expected in project activity in the markets served by Andritz compared to the satisfactory level of 2014,” commented Wolfgang Leitner, President and CEO of Andritz AG.

“The market environment is still challenging, which is why we will continue with our measures to further enhance competitiveness and profitability this year.”

On the basis of these expectations and the order backlog at the end of 2014, Andritz expects a slight sales increase in 2015 as well as an improvement in net income compared to 2014.

Andritz Group

The Andritz Group is a leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors.

The publicly listed technology group is headquartered in Graz, Austria, and operates over 250 sites worldwide.

www.andritz.com