The company’s sales amounted to EUR 1,583.5 million in the third quarter of 2015 and were thus 8.2% higher than the figure in the third quarter of 2014, with all four business areas increasing their sales. In the first three quarters of 2015, Group sales rose by 11.3% to EUR 4,589.1 million, compared to EUR 4,122.9 million last year.

Order intake

The order intake in the third quarter of 2015, at EUR 1,187.6 million, was 25.4% below the high figure for the previous year’s reference period, which included some large orders in the Pulp & Paper and Metals business areas.

In the first three quarters of 2015, the order intake amounted to EUR 3,767.6 million and was thus 17.6% below the high previous year’s reference figure of EUR  4,571.6 million.

Earnings

The company’s earnings developed favourably. In the third quarter of 2015, EBITA rose to EUR 110.1 million, which is an increase of 9% compared to the previous year’s reference figure. The EBITA margin amounted to 7%, compared to 6.9% last year.

As announced at the end of August 2015, around EUR 55 million of financial provisions were booked in the reporting period for optimization of the value chain at Schuler. These provisions were partly offset by project-related one-off improvements in the amount of around EUR 30 million in the Pulp & Paper business area. After adjustment of these extraordinary effects, the Groupʼs EBITA amounted to EUR 135.1 million and the EBITA margin to 8.5% in the third quarter of 2015.

Earnings also increased substantially in the first three quarters of 2015. At EUR 295.0 million, the EBITA was 25.9% higher than the figure for the previous year’s reference period, while the EBITA margin amounted to 6.4%. Excluding the extraordinary effects booked in the third quarter of 2015, the EBITA increased to EUR 320.0 million and the EBITA margin to 7.0%.

Outlook

On the basis of this business development, the project activity in the Andritz business areas and the order backlog as of end of September 2015, Andritz currently expects an increase in sales and net income for 2015 compared to the previous year.

However, if the economic weakness looming in the emerging economies, particularly China, worsens in the coming months and the global economy further weakens, this could have a negative impact on Andritz’s business development, the company reports.

www.andritz.com