EQS-News: ANDRITZ with record figures for 2022

EQS-News: Andritz AG / Key word(s): Annual Results
ANDRITZ with record figures for 2022

08.03.2023 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


• Order backlog of 10 billion EUR secures continued upward trend
• Environmental technology remains growth driver
• Significant dividend increase to 2.10 EUR per share

GRAZ, MARCH 8, 2023. Technology Group ANDRITZ achieved in 2022 the best
figures in its history for order intake, revenue, and operating result
(EBITA). ANDRITZ started the new business year with a record order backlog
of around ten billion EUR. Together with strict cost and project
management and the successful turnaround in the Metals business area with
the German Schuler Group, that order backlog will form the basis for
further growth and profitability increases in 2023. Subject to the
approval by the Annual General Meeting, shareholders will benefit from the
excellent business development with a significant dividend increase to
2.10 EUR (previous year: 1.65 EUR) per share.

CEO Schönbeck: Growth potential beyond 2023
CEO Dr. Joachim Schönbeck said: “Business development in 2022 and also at
the beginning of 2023 is extremely positive in view of the difficult
general situation. The ANDRITZ team successfully withstood the challenges
posed by the war in Ukraine, travel restrictions, and supply chain
problems. ANDRITZ shows robust capacity for growth and good results. We
are confident about our growth potential beyond 2023 because we have
innovative technologies and solutions in all business areas that help our
customers drive decarbonization, the circular economy and environmentally
sound energy generation.”

The results of the business year 2022 in detail:

• The order intake of 9,263.4 MEUR reached a record level and was thus
significantly higher than the figure for the previous year (+17.6%
compared to 2021: 7,879.7 MEUR). All four business areas contributed
to the increase.

• The order backlog as of the end of 2022 amounted to 9,976.5 MEUR and
was thus significantly higher than the value for the previous year
(+22.2% compared to 2021: 8,165.8 MEUR).

• The revenue saw very favorable development during the 2022 business
year and reached a new record level of 7,542.9 MEUR (+16.7% compared
to 2021: 6,463.0 MEUR). All four business areas contributed to the
increase in revenue.

• The operating result (EBITA) increased slightly more than revenue and
reached 648.5 MEUR, also a record level (+18.7% compared to 2021:
546.5 MEUR). All four business areas contributed to the increase in
earnings. Profitability (EBITA margin) increased to 8.6% (2021: 8.5%).

• The net income (including non-controlling interests) increased
significantly compared to the previous year, amounting to 402.6 MEUR
(+25.1% compared to 2021: 321.7 MEUR).

Due to the continued good business development and the high order intake
in the past business year, ANDRITZ expects to continue its profitable
course of growth in the business year 2023 and anticipates an increase in
both revenue and earnings compared to 2022.

Chief Financial Officer Nettesheim: Strong growth in all four business
CFO Norbert Nettesheim said: “All four ANDRITZ business areas – Pulp &
Paper, Metals, Hydro, and Separation – increased their order intake and
revenue by significant double-digit percentages. At the same time, EBITA
continued to increase in all areas. In the Metals business area, the
Schuler Group achieved an impressive turnaround. Our net liquidity grew by
280 MEUR over the year to almost one billion euros even though we
significantly increased capital expenditures by 15 percent to a good 184
MEUR in 2022. The current liquidity position gives us room for maneuver in
the future.”

Ambitious targets for sustainability technologies
ANDRITZ is a technology specialist for building large-scale plants
worldwide in many fields including renewable energies, e-mobility, and
circular economy. “As of 2025, we want to achieve at least half of our
business volume with products and solutions that contribute to sustainable
operations at customers’ sites,” explained CEO Schönbeck: “We already have
many technologies to that effect ready today for industrial use around the
world, and we are working flat out on other innovative solutions.”

ANDRITZ built Germany’s first CO[2 ]capture plant for Rohrdorfer Zement, a
company in Upper Bavaria, which will start regular operation in March.
Instead of escaping into the air and contributing to global warming, the
CO[2] in Rohrdorf is washed out of the flue gas from cement production and
can be used as an intermediate product in the chemical industry, for

Together with the Sovema Group, acquired in 2022, the ANDRITZ subsidiary
Schuler will launch production systems for the planned gigafactories for
the manufacture of lithium-ion battery cells. In this way, the companies
can make a significant contribution to the success of electromobility in

Schönbeck: Further investment in decarbonization and transformation
“ANDRITZ is already supplying essential technologies for the energy
transition and decarbonization today. We will continue to make targeted
investments in the expansion and further development of our corresponding
capacities and competencies,” said CEO Schönbeck.



  Unit 2022 2021 +/- Q4 2022 Q4 2021 +/-
Revenue MEUR 7,542.9 6,463.0 +16.7% 2,335.1 1,914.5 +22.0%
    Pulp & Paper MEUR 3,591.1 3,070.6 +17.0% 1,121.0 861.2 +30.2%
    Metals MEUR 1,621.2 1,366.1 +18.7% 487.4 410.8 +18.6%
    Hydro MEUR 1,539.0 1,345.1 +14.4% 494.2 441.0 +12.1%
    Separation MEUR 791.6 681.2 +16.2% 232.5 201.5 +15.4%
Order intake MEUR 9,263.4 7,879.7 +17.6% 1,812.4 2,826.9 -35.9%
    Pulp & Paper MEUR 4,378.7 3,774.7 +16.0% 750.3 1,460.1 -48.6%
    Metals MEUR 2,008.6 1,778.8 +12.9% 453.8 572.9 -20.8%
    Hydro MEUR 1,956.6 1,565.2 +25.0% 385.6 589.9 -34.6%
    Separation MEUR 919.5 761.0 +20.8% 222.7 204.0 +9.2%
Order backlog
(as of end of period) MEUR 9,976.5 8,165.8 +22.2% 9,976.5 8,165.8 +22.2%
EBITDA MEUR 825.5 718.3 +14.9% 268.4 232.8 +15.3%
EBITDA margin % 10.9 11.1 – 11.5 12.2 –
EBITA MEUR 648.5 546.5 +18.7% 222.7 181.5 +22.7%
EBITA margin % 8.6 8.5 – 9.5 9.5 –
EBIT MEUR 572.7 479.6 +19.4% 195.0 164.3 +18.7%
Financial result MEUR -31.8 -40.0 +20.5% -11.2 -14.6 +23.8%
EBT MEUR 540.9 439.6 +23.0% 183.8 149.7 +22.9%
Net income (including
interests) MEUR 402.6 321.7 +25.1% 140.3 111.7 +25.7%
Cash flow
from operating
activities MEUR 710.8 529.6 +34.2% 268.2 345.9 -22.5%
Capital expenditure MEUR 184.4 160.1 +15.2% 64.5 71.0 -9.2%
Employees (as of end of
period; without
apprentices) – 29,094 26,804 +8.5% 29,094 26,804 +8.5%

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 –

This press release is available for download at [1]andritz.com/news on the
ANDRITZ web site.


Susan Trast
Vice President, Group Corporate Communications & Marketing

Stefan Schantl
Head of Investor Relations

International technology group ANDRITZ offers a broad portfolio of
innovative plants, equipment, systems, services and digital solutions for
many different industries and end-markets. Sustainability is an essential
part of the business strategy and of the company culture. With its
extensive portfolio of sustainable products and solutions, ANDRITZ wishes
to make the largest possible contribution towards a sustainable future and
help its customers achieve their sustainability goals. ANDRITZ ranks among
the global market leaders in all four of its business areas – Pulp &
Paper, Metals, Hydro, and Separation. Technological leadership and global
presence are main pillars of the company’s business strategy for achieving
long-term growth. The publicly listed group has around 29,100 employees
and over 280 locations in more than 40 countries.

The annual and financial reports are available for download on the ANDRITZ
web site at [6]andritz.com.

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.


08.03.2023 CET/CEST This Corporate News was distributed by EQS Group AG.


Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1577171

End of News EQS News Service

1577171  08.03.2023 CET/CEST


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