Andritz ist aus meiner Sicht eine solide Firma aus dem Technologiebereich, die sich in den letzten Jahren sehr gut gemausert hat.
Hier hast Du den Bericht zu den letzten Quartalszahlen:
Q1 2001 results
First Quarter 2001 with substantial increase in order intake, sales and earnings
Note: For better comparability all comparisons to the previous year are based on a pro-forma consolidation of Andritz-Ahlstrom in the 1st quarter 2000.
Order Intake: + 56.6%
Sales: + 33.5%
EBITA: + 135.1%
Graz, 22 May 2001. Graz-based Technology Group Andritz AG continues its successful business development during the first quarter 2001.
Increased Order Intake and Order Backlog
In the first quarter 2001, order intake amounted to 378.3 MEUR, an increase of 56.6% over the corresponding period of last year. This extraordinary growth is due to very low reference level of the previous year´s quarter and and the receipt of some large orders during the reporting period. 45% of the order intake came from Europe, 35% from North America, 18% from Asia, 1% from South America and 1% from other countries.
Andritz achieved above-average growth rates in each of its four strategic Business Areas: Pulp and Paper (+51.6%), Rolling Mills and Strip Processing Lines (+62.3%), Environment and Process Technologies (+68.9%) and Feed Technologies (+55.4%).
The order backlog as at March 31, 2001 was 1,040.8 MEUR. Compared to the first quarter in 2000, this is a 24.1% increase (31.3.2000: 838.5 MEUR), and a 10.9% increase compared to December 31, 2000.
Increase of Sales
In the first quarter 2001 sales rose to 288.3 MEUR, which is 33.5% more than in the same period in 2000. Sales increases for the different Business Areas were as follows: 47.0% for Pulp and Paper and 14.3% for Environment and Process Technologies. In the Feed Technology Business Area sales increased by 87.6% to 25.7 MEUR, mainly due to the purchase of UMT in November 2000 (without UMT sales would have risen 29.5%).
Continued increase of earnings, higher profitability
During the first quarter of the current year, Andritz succeeded in increasing its EBITA (earnings before interest, tax, and amortization of goodwill) to 13.4 MEUR, more than double from the same period in 2000 (Q1 2000: 5.7 MEUR). This is due to the continued cost optimization in each of the Business Areas and the successful restructuring and integration of Andritz-Ahlstrom. Profitability, expressed as EBITA in percent of sales (EBITA margin), increased to 4.6% (1st Quarter 2000: 2.6%).
During the same period, earnings before tax (EBT) increased to 10.7 MEUR (Q1 2000: 1.1 MEUR). The net income for the reporting period was 6.7 MEUR (Q1 2000: -1.5 MEUR).
High Investment for Research and Development
The continuous development of new processes, systems and products is an absolute necessity to secure the Andritz Group’s long-term financial success. This is why the Group has over the past five years more than doubled its expenses for Research and Development activities. During the first quarter of this year the amount of 4.2 MEUR was spent on R&D, 55.6% more than for the comparable period in the previous year.
Andritz’ highly complex, innovative technologies are among the world´s leading. Thanks to its own in-house developments, Andritz has many world-wide patents. Research and development activities are just as global as the company itself. The technologies required for high-tech production systems are developed in the research centres in the United States, Canada, Finland, France and Austria, and they are tested in pilot plants.
Internationally important orders received during First Quarter 2001
Pulp and Paper Business Area
Bowater Inc., a pulp and paper producer group in the United States, ordered a complete fibre line worth 62 MEUR from Andritz.
Further orders:
Continuous digester for Nippon Paper, Japan, worth 9.5 MEUR
High-consistency bleaching system for Hallstavik, Sweden, worth 3.4 MEUR
A large number of orders for modernization / revitalization of existing systems.
Rolling Mills and Strip Processing Lines (Steel finishing)
Krupp Thyssen Nirosta, Krefeld, Germany entrusted the Andritz Group with the supply of a cold strip annealing and pickling line in the amount of 42 MEUR. Andritz affiliates Sundwig GmbH, Thermtec B.V. and Ruthner Surface Technologies will supply the mechanical equipment including skinpass mill, the furnace with annealing and cooling section, cleaning and pickling lines.
Environment and Process Technologies
During the first quarter of this year, Guinard Centrifugation, Andritz AG’s French affiliate, received extensive orders for sludge dewatering centrifuges from municipalities and international utility companies. With an amount of 8.6 MEUR order intake in Q1 2001 nearly doubled compared to the same period in 2000. Guinard Centrifugation has thus clearly become one of the international market leaders for centrifuges for sludge dewatering.
Preparations for the IPO
The tendency on the international financial markets has improved noticeably over the past weeks. The assessment of the engineering sector by financial analysts and investors has become increasingly optimistic recently, which is reflected in the good performance of the relevant indices during the past weeks. Provided that the stable development on the international stock markets continues in the weeks to come, the IPO of Andritz AG, initially planned for the autumn of last year, will now likely to be scheduled before the summer of this year.
Andritz plans to use the proceeds of the IPO for the acquisition of the remaining 50% in Andritz-Ahlstrom as well as for financing further internal and external growth.
Facts & Figures about Andritz
Andritz operates 18 production sites world-wide (Austria, Germany, Finland, Denmark, France, USA, Canada and China), where it manufactures high-tech systems for producing pulp and tissue paper, for steel strip processing, for drying sewage sludge (Environment and Process Technologies) and for animal feed. With these high-tech solutions, Andritz is one of the globally leading offerers, with a very strong presence in growth markets. As at March 31, 2001, Andritz had a staff of 4,493 employees all over the world.
Den Überblick über die detailierten Zahlen und die Zuwächse findest Du unter www.ndritz.com
Zusammengefaßt aus meiner Sicht aufgrund der soliden Zuwächse und des sehr günstigen IPO-Preises durchaus zeichnungswürdig, wenn man Cash frei hat.
Viele Grüße
Guru Brauni
