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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
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Quarterly Report 
 
Graz - November 5, 2021. International technology group ANDRITZ saw good 
business development in the third quarter of 2021. Operating result (EBITA) and 
profitability increased significantly compared to the previous year's reference 
period in spite of the decline in revenue compared to last year's reference 
period. Due to the lack of large-scale orders, order intake was just under 1.5 
billion euros and thus below the level of the previous year. 
 
Wolfgang Leitner, President & CEO of ANDRITZ AG: "We are pleased with business 
development in the first three quarters. At over five billion euros, the Group's 
order intake has reached a good level, and earnings and profitability have 
increased compared to the previous year's reference period in spite of the 
slight drop in revenue. We look towards the coming months with confidence and 
see unchanged good project and investment activity in all of the markets we 
serve." 
 
The Group's financial key figures: 
 
* At 1,461.0 MEUR, order intake reached a satisfactory level in the third 
  quarter of 2021, however it was 14.5% below the high level of the previous 
  year's reference quarter (Q3 2020: 1,708.0 MEUR), which included two large 
  orders from North America and Asia for the Hydro business area. Order intake 
  amounted to 5,052.8 MEUR in the first three quarters of 2021 and was 6.5% 
  higher than the figure for the previous year's reference period (Q1-Q3 2020: 
  4,744.7 MEUR). Particularly, the Metals business area increased its order 
  intake significantly compared to the previous year. 
 
* The order backlog as of September 30, 2021 amounted to 7,341.9 MEUR, thus 
  increasing compared to December 31, 2020 (+8.4% compared to the end of 2020: 
  6,774.0 MEUR). 
 
* Revenue reached 1,521.5 MEUR in the third quarter of 2021 and was thus well 
  below the figure for the previous year's reference period (Q3 2020: 1,669.7 
  MEUR). This decline is largely attributable to the Pulp & Paper business area, 
  which processed some larger orders with a strong impact on revenue in the 
  previous year's reference period. Revenue, at 4,548.5 MEUR, was also below the 
  previous year's reference figure (-6.1% compared to Q1-Q3 2020: 4,842.7 MEUR) 
  in the first three quarters of 2021. 
 
* At 127.3 MEUR, the EBITA in the third quarter of 2021 was considerably higher 
  than the figure for the previous year's reference period (Q3 2020: 104.2 
  MEUR), which included extraordinary effects amounting to 26 MEUR for capacity 
  adjustments in the Metals Forming segment and the Hydro business area. 
  Profitability (EBITA margin) reached a very good level at 8.4% (EBITA margin 
  Q3 2020: 6.2%). The EBITA in the first three quarters of 2021 amounted to 
  365.0 MEUR (+31.1% compared to Q1-Q3 2020: 278.5 MEUR). 
 
* Net income (without non-controlling interests) increased significantly to 76.2 
  MEUR (Q3 2020: 52.4 MEUR). In the first three quarters of 2021, net income 
  (without non-controlling interests) amounted to 212.9 MEUR (Q1-Q3 2020: 137.3 
  MEUR) and was thus 55% higher than the level of the previous year's reference 
  period. 
 
OUTLOOK, FINANCIAL GUIDANCE 
The ANDRITZ GROUP anticipates good project and investment activity, remaining 
largely unchanged compared to the preceding quarters, in all four business areas 
for the coming months. 
 
ANDRITZ continues to expect a significant increase in the EBITA reported for the 
full year of 2021 compared to the previous year and anticipates profitability 
(EBITA margin reported) of around 8% (EBITA margin reported in 2020: 5.8%). A 
slight decline in revenue is expected for the full year of 2021 compared to the 
previous year. 
 
KEY FINANCIAL FIGURES AT A GLANCE 
 
                      Unit Q1-Q3   Q1-Q3   +/-    Q3      Q3      +/-    2020 
                           2021    2020           2021    2020 
Revenue               MEUR 4,548.5 4,842.7 -6.1%  1,521.5 1,669.7 -8.9%  6,699.6 
- Pulp & Paper        MEUR 2,209.4 2,447.3 -9.7%  744.8   851.7   -12.6% 3,339.0 
- Metals              MEUR 955.3   1,049.0 -8.9%  317.2   350.8   -9.6%  1,420.5 
- Hydro               MEUR 904.1   892.6   +1.3%  294.6   305.0   -3.4%  1,296.0 
- Separation          MEUR 479.7   453.8   +5.7%  164.9   162.2   +1.7%  644.1 
Order intake          MEUR 5,052.8 4,744.7 +6.5%  1,461.0 1,708.0 -14.5% 6,108.0 
- Pulp & Paper        MEUR 2,314.6 2,416.3 -4.2%  602.3   716.5   -15.9% 2,961.1 
- Metals              MEUR 1,205.9 842.7   +43.1% 362.3   354.6   +2.2%  1,143.6 
- Hydro               MEUR 975.3   961.4   +1.4%  320.8   469.0   -31.6% 1,335.4 
- Separation          MEUR 557.0   524.3   +6.2%  175.6   167.9   +4.6%  667.9 
Order backlog (as of  MEUR 7,341.9 7,330.1 +0.2%  7,341.9 7,330.1 +0.2%  6,774.0 
end of period) 
EBITDA                MEUR 485.5   404.8   +19.9% 166.9   146.2   +14.2% 571.1 
EBITDA margin         %    10.7    8.4     -      11.0    8.8     -      8.5 
EBITA                 MEUR 365.0   278.5   +31.1% 127.3   104.2   +22.2% 391.7 
EBITA margin          %    8.0     5.8     -      8.4     6.2     -      5.8 
Earnings Before 
Interest and Taxes    MEUR 315.3   218.2   +44.5% 111.2   80.8    +37.6% 315.0 
(EBIT) 
Financial result      MEUR -25.3   -26.0   +2.7%  -7.1    -7.6    +6.6%  -34.1 
Earnings Before Taxes MEUR 290.0   192.2   +50.9% 104.1   73.2    +42.2% 280.9 
(EBT) 
Net income (without 
non-controlling       MEUR 212.9   137.3   +55.1% 76.2    52.4    +45.4% 207.1 
interests) 
Cash flow from        MEUR 183.7   255.1   -28.0% 30.7    155.1   -80.2% 461.5 
operating activities 
Capital expenditure   MEUR 89.1    87.6    +1.7%  29.0    27.7    +4.7%  131.8 
Employees (as of end 
of period; without    -    26,789  27,786  -3.6%  26,789  27,786  -3.6%  27,232 
apprentices) 
 
 
All figures according to IFRS. Due to the utilization of automatic calculation 
programs, differences can arise in the addition of rounded totals and 
percentages. 
MEUR = million euros. EUR = euros. 
 
- End - 
 
ANDRITZ GROUP 
International technology group ANDRITZ offers a broad portfolio of innovative 
plants, equipment, systems and services for the pulp and paper industry, the 
hydropower sector, the metals processing and forming industry, pumps, solid/ 
liquid separation in the municipal and industrial sectors, as well as animal 
feed and biomass pelleting. Plants for power generation, flue gas cleaning, 
recycling, and the production of nonwovens and panelboard complete the global 
product and service offering. Innovative products and services in the industrial 
digitalization sector are offered under the brand name Metris and help customers 
to make their plants more user-friendly, efficient, and profitable. The publicly 
listed group has around 26,800 employees and more than 280 locations in over 40 
countries. 
 
ANNUAL AND FINANCIAL REPORTS 
The annual and financial reports are available for download on the ANDRITZ web 
site at andritz.com. 
 
DISCLAIMER 
Certain statements contained in this press release constitute "forward-looking 
statements". These statements, which contain the words "believe," "intend," 
"expect," and words of a similar meaning, reflect the Executive Board's beliefs 
and expectations and are subject to risks and uncertainties that may cause 
actual results to differ materially. As a result, readers are cautioned not to 
place undue reliance on such forward-looking statements. The company disclaims 
any obligation to publicly announce the result of any revisions to the forward- 
looking statements made herein, except where it would be required to do so under 
applicable law. 
 
 
 
 
 
Further inquiry note: 
Dr. Michael Buchbauer 
Head of Group Finance, Corporate Communications & Investor Relations 
Tel.: +43 316 6902 2979 
Fax: +43 316 6902 465 
mailto:michael.buchbauer@andritz.com 
 
end of announcement                         euro adhoc 
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(END) Dow Jones Newswires

November 05, 2021 02:30 ET (06:30 GMT)