ANDRITZ Annual Report 2020
Total Page:16
File Type:pdf, Size:1020Kb
ANNUAL REPORT 2020 ANDRITZ GROUP 2 / ANDRITZ GROUP ANDRITZ GROUP Unit 2020 2019 2018 2017 2016 Order intake MEUR 6,108.0 7,282.0 6,646.2 5,579.5 5,568.8 Order backlog (as of end of period) MEUR 6,774.0 7,777.6 7,084.3 6,383.0 6,789.2 Revenue MEUR 6,699.6 6,673.9 6,031.5 5,889.1 6,039.0 EBITDA1 MEUR 571.1 537.6 498.0 541.7 542.4 EBITDA margin % 8.5 8.1 8.3 9. 2 9.0 EBITA2 MEUR 391.7 343.2 394.3 444.0 442.1 EBITA margin % 5.8 5.1 6.5 7. 5 7. 3 Earnings Before Interest and Taxes (EBIT) MEUR 315.0 2 3 7.9 321.6 399.3 385.8 EBIT margin % 4.7 3.6 5.3 6.8 6.4 Earnings Before Taxes (EBT) MEUR 280.9 180.9 304.2 400.6 398.4 Net income (including non-controlling interests) MEUR 203.7 122.8 219.7 265.6 274.8 Non-current assets MEUR 2,497.5 2,705.5 2,629.5 1,860.8 1,913.7 Current assets MEUR 4,559.2 4,528.6 4,289.1 4,404.5 4,284.9 Total shareholders’ equity3 MEUR 1,255.7 1,219.6 1,330.8 1,325.4 1,344.2 Provisions MEUR 691.0 1,083.1 1,017.7 1,066.1 1,118.9 Liabilities MEUR 5,110.0 4,931.4 4,570.1 3,873.8 3,735.5 Total assets MEUR 7,056.7 7,234.1 6,918.6 6,265.3 6,198.6 Equity ratio4 % 17.8 16.9 19.2 21.2 21.7 Liquid funds5 MEUR 1,719.3 1,609.8 1,279.7 1,772.3 1,507.1 Net liquidity6 MEUR 420.9 244.9 -99.6 908.0 945.3 Cash flow from operating activities MEUR 461.5 821.6 7. 8 246.5 366.6 Capital expenditure7 MEUR 131.8 157.1 137.0 116.8 119.5 Employees (as of end of period; without apprentices) – 2 7, 2 3 2 29,513 29,096 25,566 25,162 International technology group ANDRITZ offers a broad portfolio of innova- tive plants, equipment, systems and services for the pulp and paper indus- try, the hydropower sector, the metals processing and forming industry, pumps, solid/liquid separation in the municipal and industrial sectors, as well as animal feed and biomass pelleting. Plants for power generation, flue gas cleaning, recycling, and the production of nonwovens and panelboard complete the global product and service offering. Innovative products and services in the industrial digitalization sector are offered under the brand name Metris and help customers to make their plants more user-friendly, efficient and profitable. The publicly listed group has around 27,200 employ- ees and more than 280 locations in over 40 countries. 1 Earnings Before Interest, Taxes, Depreciation, and Amortization 2 Earnings Before Interest, Taxes, Amortization and impairment of identifiable assets acquired in a business combination and recognized separately from goodwill amounting to 72.0 MEUR (2019: 76.2 MEUR), and impairment of goodwill at the amount of 4.7 MEUR (2019: 29.1 MEUR) 3 Total shareholders’ equity including non-controlling interests 4 Total shareholders’ equity/total assets 5 Cash and cash equivalents plus investments plus Schuldscheindarlehen 6 Liquid funds plus fair value of interest rate swaps minus financialliabilities 7 Additions to intangible assets and property, plant, and equipment 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, TEUR = thousand euros. 3 / ANDRITZ GROUP PULP & PAPER Unit 2020 2019 2018 2017 2016 Order intake MEUR 2,961.1 3,632.5 2,571.9 2,033.4 1,919.5 Order backlog (as of end of period) MEUR 2,591.0 3,164.3 2,421.1 1,787.0 1,803.3 Revenue MEUR 3, 3 39.0 2,869.5 2,233.2 2,059.7 2,094.4 EBITDA MEUR 399.6 351.4 258.4 221.5 2 0 7. 7 EBITDA margin % 12.0 12.2 11.6 10.8 9.9 EBITA MEUR 322.7 271.0 222.1 194.9 182.2 EBITA margin % 9. 7 9. 4 9.9 9. 5 8.7 Capital expenditure MEUR 64.1 63.3 33.8 42.1 34.1 Employees (as of end of period; without apprentices) – 11,127 11,984 11,435 8,002 7,522 ANDRITZ Pulp & Paper provides equipment, systems, complete plants and services for the production of all types of pulp, paper, board and tissue. The technologies and services focus on maximum utilization of raw materials, increased production efficiency and sustainability as well as lower overall operating costs. Boilers for power generation, flue gas cleaning systems, plants for the production of nonwovens and panelboard (MDF), as well as recycling and shredding solutions for various waste materials also form a part of this business area. State-of-the-art IIoT technologies as part of Metris digitalization solutions complete the comprehensive product offering. METALS Unit 2020 2019 2018 2017 2016 Order intake MEUR 1,143.6 1,582.2 1,931.8 1,606.5 1,551.5 Order backlog (as of end of period) MEUR 1,181.6 1,532.7 1,591.6 1,309.7 1,369.0 Revenue MEUR 1,420.5 1,636.9 1,635.1 1,643.5 1,598.4 EBITDA MEUR 5.5 -1.5 5 7. 8 129.7 141.7 EBITDA margin % 0.4 -0.1 3.5 7.9 8.9 EBITA MEUR -46.7 -73.8 2 7. 3 98.6 115.2 EBITA margin % -3.3 -4.5 1.7 6.0 7. 2 Capital expenditure MEUR 26.5 30.8 36.1 29.7 49. 1 Employees (as of end of period; without apprentices) – 6,513 7,485 7,818 7,573 7,608 ANDRITZ Metals is – via the Schuler Group – one of the world’s leading suppliers of technologies, plants and digital solutions in metal forming. The product portfolio also includes automation and software solutions, process know-how and service. In the metals processing segment, the business area offers innovative and market-leading solutions for the production and processing of flat prod- ucts, for welding systems and furnaces, as well as services for the metals processing industry. 4 / ANDRITZ GROUP HYDRO Unit 2020 2019 2018 2017 2016 Order intake MEUR 1,335.4 1,350.2 1,445.8 1,317.2 1,500.3 Order backlog (as of end of period) MEUR 2,587.9 2,661.0 2,667.9 2,921.8 3,269.6 Revenue MEUR 1,296.0 1,470.7 1,517.5 1,583.1 1,752.4 EBITDA MEUR 98.5 134.1 142.4 154.1 167.2 EBITDA margin % 7. 6 9. 1 9. 4 9. 7 9. 5 EBITA MEUR 62.0 105.9 113.8 123.0 127.6 EBITA margin % 4.8 7. 2 7. 5 7. 8 7. 3 Capital expenditure MEUR 2 9. 7 51.8 5 7.9 36.3 26.1 Employees (as of end of period; without apprentices) – 6,941 7,202 7,0 0 2 7,237 7,260 ANDRITZ Hydro is one of the globally leading suppliers of electromechan- ical equipment and services for hydropower plants. With over 180 years of experience and an installed fleet of more than 470 GW output, the busi- ness area provides complete solutions for hydropower plants of all sizes as well as services for plant diagnosis, refurbishment, modernization and upgrade of existing hydropower assets. Pumps for irrigation, water supply and flood control as well as turbo generators are also part of this business area’s portfolio. SEPARATION Unit 2020 2019 2018 2017 2016 Order intake MEUR 6 67.9 717.1 696.7 622.4 59 7. 5 Order backlog (as of end of period) MEUR 413.5 419.6 403.7 364.5 3 4 7. 3 Revenue MEUR 644.1 696.8 645.7 602.8 593.8 EBITDA MEUR 67. 5 53.6 3 9. 4 36.4 25.8 EBITDA margin % 10.5 7. 7 6.1 6.0 4.3 EBITA MEUR 53.7 40.1 31.1 2 7. 5 17.1 EBITA margin % 8.3 5.8 4.8 4.6 2.9 Capital expenditure MEUR 11.5 11.2 9. 2 8.7 10.2 Employees (as of end of period; without apprentices) – 2,651 2,842 2,841 2,754 2,772 ANDRITZ Separation provides mechanical and thermal technologies as well as services and the related automation solutions for solid/liquid sep- aration, serving the chemical, environmental, food, mining and minerals industries. The customized, innovative solutions focus on minimizing the use of resources and achieving highest process efficiency, thus making a substantial contribution towards sustainable environmental protection. In addition, the business area offers technologies and services for the produc- tion of animal feed and biomass pellets. TAB LE OF CONT ENTS 05 Table of contents 07 Editorial 08 Letter to the shareholders 11 Innovations from the business areas HYDRO / Cerro del Águila HOW DO WE GENERATE ELECTRICITY EFFICIENTLY WITH HYDROPOWER? Operators should pursue a strategy that integrates digitalization, expert knowledge, 1414 and predictive maintenance management – a path that ANDRITZ and Inkia Energy 141414 have successfully embarked upon at the Cerro del Águila hydropower station in Peru.