ANDRITZ GROUP: Results for the first quarter of 2018

International technology Group ANDRITZ saw mixed business development in the first quarter of 2018. While the order intake of over 1.5 billion euros was very favorable and almost reached the very high level of last year’s reference period, sales and earnings were significantly lower than the reference figures for the previous year.

The key financial figures developed as follows:
Order intake at 1,532.8 million euros (MEUR) reached a very favorable level and was thus only slightly below the high level of the previous year’s reference period (-1.7% versus Q1 2017: 1,560.0 MEUR). The Hydro, Metals, and Separation business areas saw very positive development and were able to achieve – partially significant – increases in order intake compared to the previous year.

Sales decreased to 1,291.0 MEUR and were thus 6.9% below the level of the previous year’s reference period (Q1 2017: 1,386.2 MEUR). This is largely due to a decline in sales in Pulp & Paper (a large pulp mill project still had a significant impact on sales in the previous year’s reference period) and Metals (decline in sales due to the low order intake in the second and third quarter of last year). However, as a result of the Group’s increasing order intake since the second quarter of 2017 (Q2 2017: 1,211.3 MEUR, Q3 2017: 1,341.2 MEUR; Q4 2017: 1,467.0 MEUR; Q1 2018: 1,532.8 MEUR), sales in thecoming months should, from today’s perspective, make up for the lower sales figure in the first quarter.

The order backlog as of March 31, 2018, amounted to 6,553.2 MEUR and has thus increased slightly compared to the end of 2017 (December 31, 2017: 6,383.0 MEUR).

The EBITA amounted to 71.7 MEUR (-26.4% compared to Q1 2017: 97.4 MEUR) and was thus significantly lower than the figure for the previous year’s reference period. The main reason for this is, above all, the lower sales figure. Furthermore, cost overruns on individual projects in the Metals business area had an impact on earnings. As a result, the Group’s profitability (EBITA margin) declined to 5.6% (Q1 2017: 7.0%).

Net income (without non-controlling interests) dropped to 44.0 MEUR (Q1 2017: 63.0 MEUR).
more detail at: https://www.andritz.com/group-en/news-media/news/2018-05-03-results-q1-2018-group

Related Posts

Canada Publishers Demand Reversal Of ‘Junk Mail’ Provision

U.S. publishers are not alone in experiencing problems with their postal system. Their neighbors to the north are also unhappy with theirs — for different reasons. A coalition of Canadian news publishers is demanding that Canada Post reverse a decision that would allow consumers to opt out of receiving community newspapers with commercial inserts. These are now seen as junk mail, thanks to the ending of an exemption from Canada Post’s Consumers’ Choice program. As of January 8, 2024, community newspapers with commercial inserts were no longer exempt from Canada Post’s Consumers’ Choice program, which allows Canadians to opt out of receiving ‘junk mail.’

Pitney Bowes Acquires Newgistics Inc. for $475 Million

Pitney Bowes announced it is acquiring Newgistics Inc. for $475 million in a move to accelerate Pitney Bowes’ expansion into the U.S. domestic parcels market. “Newgistics fits uniquely at the intersection of our parcel growth strategies and will accelerate the overall transformation of Pitney Bowes,” said Marc B. Lautenbach, President and Chief Executive Officer of Pitney Bowes. “This acquisition combined with recent innovations in mailing and shipping for SMB clients, organic growth of our global ecommerce business, and expansion of our presort and parcel services network – definitively anchors Pitney Bowes in a growing space and vastly increases the value we can deliver for our clients.”

Ohio Approves Savvas Learning Company’s myView Literacy with its Science of Reading-Based Instruction for K-5 Classrooms

Savvas Learning Company, a next-generation K-12 learning solutions leader, is excited to announce that myView Literacy © 2025, its leading K-5 core English Language Arts (ELA) program, and Savvas Essentials: Foundational Reading, its high-quality, supplemental K-2 literacy program — both grounded in the Science of Reading — have been approved for statewide adoption by the Ohio Department of Education and Workforce. After an extensive review process of core literacy and supplemental programs, state education officials placed myView Literacy and Savvas Essentials: Foundational Reading on their Ohio Approved List of Core Curriculum and Instructional Materials, determining that both programs fully met Ohio's Learning Standards for English Language Arts as well as alignment with the Science of Reading and strategies for effective literacy instruction.
Back To Top
×Close search
Search