Company update: Andritz Q3 results

Due to consolidation of the Schuler Group acquired in February of this year, international technology Group Andritz saw solid development in sales and order intake in a challenging economic environment in the third quarter of 2013.

In the third quarter of 2013, sales of the Andritz Group amounted to €1,534.5 million , which is an increase of 21.3% compared to last year’s reference period (Q3 2012: €1,265.5 million); this increase is due to consolidation of the Schuler Group. In the first three quarters of 2013, sales of the Group amounted to€ 4,144.6 million, thus rising by 11.9% compared to the previous year’s reference period (Q1-Q3 2012: €3,703.3 million).

Earnings (EBITA) of the Group amounted to €70.1 mln in the third quarter of 2013, thus declining by 19.0% compared to last year’s reference period (Q3 2012: €86.5 million). The profitability (EBITA margin) amounted to 4.6% (Q3 2012: 6.8%).

The net worth position and capital structure as of September 30, 2013 remained solid. Due to the acquisition of Schuler, the net liquidity, at €782.3 million, was substantially below the value as of December 31, 2012 (€1,285.7 million).

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