ANDRITZ GROUP: Results for the 2021 business year

Wolfgang Leitner, CEO of ANDRITZ AG, on the past business year: “We are very satisfied with business development in 2021. The record order intake, with increases in all four business areas, shows that we are in a strong competitive position in all of the industries we serve. And we also succeeded operationally in coping well with the challenges of the Covid pandemic.”

The results of the business year in detail: 

• The order intake of 7,879.7 MEUR reached a record level and was thus significantly higher than the figure for the previous year (+29.0% versus 2020: 6,108.0 MEUR). All four business areas were able to increase their order intake significantly compared to the previous year. 
• The order backlog as of the end of 2021 also reached a record figure at 8,165.8 MEUR and was thus significantly higher than the value for the previous year’s reference period (+20.5% compared to the end of 2020: 6,774.0 MEUR). 
• Revenue amounted to 6,463.0 MEUR and was slightly below the record figure for the previous year (-3.5% compared to 2020: 6,699.6 MEUR). This decline is attributable to the Pulp & Paper business area, which executed several larger orders with a strong revenue contribution in 2020. 
• Despite the slightly lower revenue compared to the previous year, the operating result (EBITA) increased substantially, reaching an all-time high of 546.5 MEUR (2020: 391.7 MEUR). Profitability (EBITA margin) increased significantly to 8.5% (2020: 5.8%). 
• The EBITA excluding extraordinary effects amounted to 549.9 MEUR and thus was also significantly higher than the EBITA excluding extraordinary effects in the previous year (2020: 471.1 MEUR), which included extraordinary expenses of around 79 MEUR (primarily in the Metals Forming and Hydro sectors). At 8.5%, the EBITA margin for 2021 excluding these extraordinary effects was substantially higher than in the previous year (2020: adjusted EBITA margin: 7.0%). 
• The net income (including non-controlling interests) increased significantly to 321.7 MEUR (2020: 203.7 MEUR).

From today’s perspective, ANDRITZ expects an increase in revenue as well as in EBITA and net income for the full year of 2022.

If the continuing global economic recovery expected by market researchers for 2022 does not take place, the pandemic intensifies again or the conflict between Russia and the Ukraine escalates further, this may result in negative effects on the processing of orders and on order intake and hence, a negative impact on ANDRITZ’s financial development. Similarly, further increases in the price of raw materials or bottlenecks in global supply chains could have a negative effect on the Group’s earnings development.

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ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative plants, equipment, systems, services and digital solutions for a wide range of industries and end markets. ANDRITZ is a global market leader in all four of its business areas – Pulp & Paper, Metals, Hydro, and Separation. Technological leadership, global presence and sustainability are the cornerstones of the group’s strategy, which is focused on long-term profitable growth. The publicly listed group has around 26,800 employees and over 280 locations in more than 40 countries.