Home / News / Net income skyrockets at nonwoven machines maker Andritz

Net income skyrockets at nonwoven machines maker Andritz

09 Mar '15

2 min read

Austria based and nonwovens machines producer, Andritz Group said its net income for the full year of 2014 skyrocketed to €210.0 million as against €53.2 million in 2013.

“Sales however rose slower by 2.6 per cent year over year to €5,859.3 million from €5,710.8 million in its previous year,” according to an Andritz press release.

Order intake for the reporting year grew by 8.7 per cent over 2013, reaching an all-time high of €6,101 million, which it attributed to the pulp & paper and metals business areas.

The order backlog at the end of 2014 amounted to €7,510.6 million, up 1.7 per cent compared to €7,388.5 million at the end of 2013,, which it also considers a new record high.

EBITA too expanded massively to €379.5 million in 2014 and was well above the very low level of the previous year of €164.1 million. EBITA margin also increased substantially to 6.5 per cent from 2.9 per cent.

According to the nonwovens technology supplier, it’s net worth position and capital structure as of December 31, 2014 remained solid.

As of December 31, 2014, total assets amounted to €5,967.6 million compared to €5,571.4 million as on December 31, 2013 and the equity ratio stood at 17.0 per cent as against 16.7 per cent on December 31, 2013.

Liquid funds at the end of 2014 rose higher to €1,701.6 million compared to €1,517.0 million at end of 2013 and net liquidity amounted to €1,065.1 million at end-2014 from €893.1 million at end-2013.

At the Annual General Meeting on March 26, 2015, the Executive Board will propose a dividend increase to €1.00 per share for 2014 from €0.50 per share in the previous year, the press release informed.

CEO Wolfgang Leitner said, “From today’s perspective, no substantial change is expected in project activity in the markets served by Andritz in 2015 compared to the satisfactory level of 2014.”

He too added, “The market environment is still challenging, which is why we will continue with our measures to further enhance competitiveness and profitability this year.”

On the basis of these expectations and the order backlog at the end of 2014, Andritz expects a slight sales increase in 2015 as well as an improvement in net income compared to 2014. (AR)

Fibre2fashion News Desk - India