ANDRITZ GROUP: Results for the first quarter of 2022

At just under 2.6 billion euros, order intake reached the second highest quarterly figure in the company’s history, and the order backlog rose to the record level of 9.4 billion euros. Operating result (EBITA), profitability and net income increased significantly compared to the previous year’s reference period.

Joachim Schönbeck, President & CEO of ANDRITZ AG: “We are very pleased with business development in the first quarter of 2022. Despite the very difficult overall economic conditions, we succeeded in increasing order intake in all business areas – in some cases substantially – and created a good basis for revenue and earnings development in the coming quarters.

The key financial figures developed as follows during the reporting period:
*Order intake amounted to 2,588.6 million euros (MEUR) and was thus 49.7% higher than in the previous year’s reference period (Q1 2021: 1,729.5 MEUR). In particular, the Pulp & Paper and Hydro business areas were able to increase order intake significantly compared to the reference period of the previous year.
*The order backlog as of March 31, 2022, reached a record level at 9,435.1 MEUR and has thus risen significantly once again compared to the end of 2021 (December 31, 2021: 8,165.8 MEUR).
*Revenue at 1,526.9 MEUR were 2.3% higher than in the previous year’s reference period (Q1 2021: 1,493.2 MEUR). This rise is largely attributable to the Metals and Separation business areas.
*The operating result (EBITA) increased more than revenue, reaching 122.3 MEUR (+10.3% compared to Q1 2021: 110.9 MEUR). As a result, the Group’s profitability (EBITA margin) increased significantly to 8.0% (Q1 2021: 7.4%). This is mainly due to continuing good business development in the Pulp & Paper business area and the substantial earnings improvements achieved by the Metals and Hydro business areas.
*Net income (without non-controlling interests) increased to 71.5 MEUR (Q1 2021: 62.1 MEUR).
details at: https://www.andritz.com/newsroom-en/news/2022-04-29-results-q1-2022-group

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