EANS-News: ANDRITZ GROUP: Solid business development in 2016

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annual result

Graz, March 3, 2017. International technology group ANDRITZ saw solid
business development in the past business year. In spite of a slight
decline in sales to just over six billion euros, earnings and
profitability reached the highest figures in the company's history.
The Executive Board will propose an increased dividend payment of
1.50 EUR per share to the Annual General Meeting of Shareholders.

The results of the business year in detail: - Sales amounted to
6,039.0 MEUR and thus remained 5.3% below the all-time high of the
previous year (2015: 6,377.2 MEUR). All four business areas noted a
project-related decline in sales in the capital segment. Service
business saw very positive development, rising to a share of 32% of
total sales (2015: 30%) - with increases in all four business
areas.

- Order intake amounted to 5,568.8 MEUR and was thus below the figure
for the previous year's reference period (-7.5% versus 2015:
6,017.7 MEUR). While the METALS business area was able to increase
its order intake compared to the previous year, order intake in the
HYDRO and PULP & PAPER business areas declined.

- The order backlog at the end of 2016 amounted to 6,789.2 MEUR
(-7.3% compared to the end of 2015: 7,324.2 MEUR).

- In spite of the decline in sales, the EBITA increased to 442.1 MEUR
(+3.1% versus 2015: 429.0 MEUR) and reached the highest figure in
the company's history, as did the EBITA margin, which rose to 7.3%
(2015: 6.7%).

- Net income (without non-controlling interests) increased to 274.6
MEUR (2015: 267.7 MEUR).

- The net worth position and capital structure as of December 31,
2016 remained solid. Total assets amounted to 6,198.6 MEUR
(December 31, 2015: 5,778.0 MEUR) and the equity ratio to 21.7%
(December 31, 2015: 21.0%). Net liquidity amounted to 945.3 MEUR
(December 31, 2015: 984.0 MEUR).

- At the Annual General Meeting of Shareholders on March 28, 2017,
the Executive Board will propose a significant dividend increase to
1.50 EUR per share (2015: 1.35 EUR) in view of the positive
business development. This is equal to a payout ratio of around 56%
(2015: around 52%).

For the 2017 business year, ANDRITZ assumes that project activity
will remain unchanged compared to the previous year and expects, from
today's perspective, good business development. Wolfgang Leitner,
President and CEO of ANDRITZ AG: "All in all, we are confident for
2017 and expect to achieve at least the same levels of sales and
profitability as in the previous year. Our central focus this year
will be on creating the prerequisites to continue ANDRITZ's
profitable growth in the long term, based on acquisition of
complementary product areas and on internal growth".

- End -

Key financial figures at a glance

(in MEUR) 2016 2015 +/- Q4 2016 Q4 2015 +/-
Sales 6,039.0 6,377.2 -5.3% 1,799.7 1,788.1 +0.6%
HYDRO 1,752.4 1,834.8 -4.5% 572.7 525.2 +9.0%
PULP & PAPER 2,094.4 2,196.3 -4.6% 560.4 609.9 -8.1%
METALS 1,598.4 1,718.1 -7.0% 488.1 478.3 +2.0%
SEPARATION 593.8 628.0 -5.4% 178.5 174.7 +2.2%

Order intake 5,568.8 6,017.7 -7.5% 1,532.3 2,250.1 -31.9%
HYDRO 1,500.3 1,718.7 -12.7% 439.4 596.7 -26.4%
PULP & PAPER 1,919.5 2,263.9 -15.2% 568.5 1,008.2 -43.6%
METALS 1,551.5 1,438.6 +7.8% 372.0 484.8 -23.3%
SEPARATION 597.5 596.5 +0.2% 152.4 160.4 -5.0%

Order backlog
(as of end of period) 6,789.2 7,324.2 -7.3% 6,789.2 7,324.2 -7.3%

EBITDA 542.4 534.7 +1.4% 178.9 170.6 +4.9%
EBITDA margin 9.0% 8.4% - 9.9% 9.5% -

EBITA 442.1 429.0 +3.1% 150.0 134.0 +11.9%
EBITA margin 7.3% 6.7% - 8.3% 7.5% -

EBIT 385.8 369.1 +4.5% 124.0 110.0 +12.7%

Financial result 12.6 7.3 +72.6% -3.1 3.3 -193.9%

EBT 398.4 376.4 +5.8% 120.9 113.3 +6.7%

Net income
(without non-
controlling interests) 274.6 267.7 +2.6% 80.4 86.4 -6.9%

Cash flow from
operating activities 366.6 179.4 +104.3% 20.9 46.6 -55.2%

Capital expenditure 119.5 101.4 +17.9% 43.2 41.7 +3.6%

Employees (as of
end of period;
without apprentices) 25,162 24,508 +2.7% 25,162 24,508 +2.7%

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.

The ANDRITZ GROUP ANDRITZ is a globally 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 has a
staff of approximately 25,200 employees. ANDRITZ operates over 250
sites worldwide.

Annual and financial reports Annual and Financial reports are
available for download at the ANDRITZ web site www.andritz.com, and
printed editions can be requested free of charge by e-mail to
investors@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.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, 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

Original-Content von: Andritz AG, übermittelt durch news aktuell