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

Related Posts

Lecta introduces new thermal and metallized papers with recycled fiber

​​Lecta once again demonstrates its firm commitment to innovation and sustainability by drawing on its extensive technical know-how in the manufacture of thermal and metallized papers to develop new, high-quality products made with recycled fiber. The new thermal paper products are Termax Recy TFXr30 and Termax Recy TFXr100, both phenol-free and Ineris-certified. Thermal papers made from 30% and 100% recycled fibers, respectively, both have excellent print quality in high-speed thermal printers, very good image resolution and good rigidity for label applications, mainly in the retail and logistics industries. Lecta's new metallized paper products are Metalvac Recy 70 EWS and Metalvac Recy 100 EWS. Metallized papers for high wet-strength labels for returnable bottles, containing a 70 and 100% recycled fibers, respectively, both demonstrate good printability in flexo and offset and perform excellently in labeling trains, even in moist and cold conditions, as well as in their subsequent storage in refrigerators, ice buckets, coolers and freezers. With a reverse side suitable for good glue receptivity and good flatness, they offer excellent results in bottling lines even at high speeds.

Rayonier Reports Third Quarter 2017 Results

Rayonier Inc. reported third quarter net income attributable to Rayonier of $24.7 million, or $0.19 per share, on revenues of $177.9 million. This compares to net income attributable to Rayonier of $39.4 million, or $0.32 per share, on revenues of $171.4 million in the prior year quarter. The prior year third quarter results included $1.2 million of costs related to shareholder litigation.1 Excluding this item, pro forma net income2 was $40.6 million, or $0.33 per share, in the prior year period. Third quarter operating income was $39.3 million versus $49.7 million in the prior year period. Prior year third quarter operating income included $1.2 million of costs related to shareholder litigation.1 Excluding this item, pro forma operating income2 was $50.9 million in the prior year period. Third quarter Adjusted EBITDA2 was $69.9 million versus $87.2 million in the prior year period. The decline in Adjusted EBITDA2 relative to the prior year period was primarily due to lower real estate results, as the prior year period included a $48.3 million sale comprised of 17,772 acres in Georgia. Click Read More below for additional information.

UPM Interim Report Q3 2023: UPM delivers improved results from previous quarter

Q3 2023 highlights *Sales decreased by 24% to EUR 2,584 million (3,420 million in Q3 2022) *Comparable EBIT decreased by 72% to EUR 220 million, 8.5% of sales (779 million, 22.8%) *Operating cash flow was EUR 641 million (-201 million), supported by cash inflow from working capital and energy hedges *Net debt decreased to EUR 2,363 million (3,133 million) and the net debt to EBITDA ratio was 1.27 (1.39) *Pulp and electricity sales prices significantly lower than last year, impacting UPM Fibres and UPM Energy. Successful margin management in other business areas *Demand for many of UPM's products started to gradually recover *UPM Paso de los Toros pulp mill and the OL3 nuclear power plant unit contributed significantly to UPM's deliveries *UPM Communication Papers to permanently close its Plattling mill in Germany *UPM received platinum in the EcoVadis responsibility assessment with a high industry score *UPM joined the UN Global Compact Forward Faster Initiative
Back To Top
×Close search
Search