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Andritz AG reports all time high sales in 2015

07 Mar '16

3 min read

For 2015, nonwovens machines producer and Austria based Andritz Group reported an all time high sales of €6,377.2 million, up 8.8 per cent over €5,859.3 million in 2014.

Order intake amounted to €6,017.7 million, which the company said in a press release, was also almost the same as the record level of the previous year in which it touched €6,101.0 million.

The order backlog at the end of 2015 amounted to €7,324.2 million, down 2.5 per cent compared to the end of 2014, when it stood at €7,510.6 million.

According to Andritz, the earnings development was satisfactory considering the extraordinary effects in connection with the measures to optimise the value chain at Schuler.

“To adjust Schuler's manufacturing capacities to the product mix and business volume, an amount of €78 million was considered in the consolidated income statement,” it explained.

“This was partly offset by project-related positive extraordinary effects of some €40 million in the Pulp & Paper business area,” the company added.

EBITA for the reporting year amounted to €429.0 million, an increase of 13.0 per cent year on year, while EBITA margin too rose 6.7 per cent as against 6.5 per cent in the prior year.

Without these extraordinary effects, the EBITA of the Group would have been €467.0 million and the EBITA margin 7.3 per cent.

Net income without non-controlling interests for the year under review also surged to €267.7 million vis-à-vis €210.9 in 2014.

The net worth position and capital structure as of December 31, 2015 remained solid as total assets amounted to €5,778.0 million and the equity ratio increased to 21.0 per cent compared to 17.3 per cent at end of earlier year.

At the annual general meeting to be held on March 30, 2016, the executive board will propose a significant increase of dividend to €1.35 per share for 2015, up from €1.00 in 2014.

Andritz, anticipates continued uncertainty in its main markets and largely unchanged project activity in all four business areas, and expects business development to continue on a satisfactory level in 2016.

CEO Wolfgang Leitner said, “The main focus this year will lie on further flexibility and adjustment of the group-wide cost and organisational structure in order to adapt to the unchanged and volatile market.”

“By doing so, we want to create a basis on which to continue our long-term profitable growth,” Leitner informed. (AR)

Fibre2Fashion News Desk – India