The 2021 business year at a glance
Record figures for order intake, earnings and profitability
Order intake of the ANDRITZ GROUP developed very favorably in the 2021 business year and reached a new record level of 7,880 MEUR (+29% compared to 2020: 6,108 MEUR). All four business areas were able to increase their order intake significantly compared to the previous year and secure important reference orders.
Pulp & Paper
Revenue of the Group amounted to 6,463 MEUR and was thus just slightly below the record level of the previous year (-4% compared to 2020: 6,700 MEUR).
This decline is largely attributable to the Pulp & Paper business area, which executed several larger orders with a strong revenue contribution last year. Revenue also declined in the Metals business area due to the lower order intake in the 2020 business year. Revenue in the Hydro and Separation business areas increased slightly compared to the previous year.
Pulp & Paper
The order backlog of the ANDRITZ GROUP amounted to 8,166 MEUR as of December 31, 2021, and was thus 21% higher than the reference figure for the previous year (December 31, 2020: 6,774 MEUR). All business areas recorded an increase in order backlog compared to the end of last year.
Despite the slightly lower revenue compared to the previous year, the operating result (EBITA) of the Group increased substantially, reaching a new record level of 547 MEUR. It was thus significantly higher than the reference figure for the previous year (2020: 392 MEUR), which included extraordinary effects – particularly provisions for capacity adjustments – totaling around 79 MEUR (especially for Metals Forming and Hydro, and – to a lesser extent – also for the other business areas).
Thus, profitability (EBITA margin) increased significantly to 8.5% (2020: 5.8%). This is largely attributable to the unchanged, very favorable business development in the Pulp & Paper and Separation business areas. Moreover, the cost adjustment measures implemented in 2020 resulted in a considerable improvement in earnings, both in the Metals and Hydro business areas.
NET WORTH POSITION AND CAPITAL STRUCTURE
Total assets amounted to 7,673 MEUR (December 31, 2020: 7,057 MEUR), while the equity ratio increased to 20.4% (December 31, 2020: 17.8%).
Liquid funds amounted to 1,838 MEUR as of December 31, 2021 (1,719 MEUR as of the end of 2020), while net liquidity increased significantly to 703 MEUR (421 MEUR as of the end of 2020).