- Email: [email protected]
Andritz Group, Austria
COMPANY WATCH
Alfa Laval AB, Sweden
Andritz Group, Austria
Key Figures (SEK million) First quarter ended 31.3 2017 2016
Order Intake
8801
7710
Net Sales Of Which: Energy Food & Water Marine
8126
8199
Cost of Goods Sold
5371
5429
Gross Profit
2755
2770
Sales Costs
1013
1089
Administration Costs
440
339
R&D Costs
197
186
1016
1070
Operating Income Of Which: Energy Food & Water Marine Net Income
2283 2381 2758 2478 2658 2995
255 326 402 358 432 556 776
871
Key Figures (E million) First quarter ended 31.3 2017 2016
Sales Of Which: Hydro Pulp & Paper
1386.2 1285.6 355.9 367.9 508.7 457.6
EBITA Of Which: Hydro Pulp & Paper
97.4 83.9
Earnings before Interest and Taxes
86.9
74.2
Net Income
63.1
52.6
Order Intake Of Which: Hydro Pulp & Paper
1560.0
1247.4
Order Backlog Of Which: Hydro Pulp & Paper
6974.2
22.1 23.7 46.3 40.2
309.5 252.0 653.3 545.6 7147.6
3184.3 3440.6 1979.4 2044.8
COMMENT Alfa Laval has posted first quarter net sales for fiscal 2017 of SEK8.1 billion, down 0.9% on the prior year. The fall was 5.9% when adjusted for currency effects. Revenues were down in two out of three of the company’s segments, declining 4.1% in its Energy division to SEK2.3 billion and 11.3% in the Marine sector to SEK2.7 billion. Bucking the trend was the Food & Water segment where sales rose 11.3% to SEK2.8 billion. There was better news on the new business front with order intake for the period increasing 14.2% on the 2016 comparator to SEK8.8 billion. All three divisions enjoyed an upturn, with a 13.0% increase taking Energy orders to SEK2.7 billion, a 21.0% uplift boosting Food & Water bookings to SEK3.2 billion and the Marine segment registering 7.9% growth to SEK2.6 billion.
June 2017
Net income, however, fell 10.9% on the year earlier to SEK776 million. Tom Erixon, Alfa Laval’s president and CEO, said the company saw the benefits of its restructuring programme during the quarter in the form of lower costs for sales and administration. “In parallel with the restructuring programme the implementation of our new strategy continued,” Erixon added. “The increased efforts within R&D in order to renew important product groups faster is running as planned. The most important goal with the new direction is to restore the organic growth and 2017 has had a good start.” Erixon said that Alfa Laval expected demand during the second quarter to be similar or a little lower than the first period. n www.alfalaval.com
COMMENT Andritz enjoyed a positive first quarter of fiscal 2017 with revenue, profitability and new orders all increasing on the year earlier. Total sales were up 7.8% on the 2016 comparator at E1.4 billion, although performance was mixed across the Group with only two out of four of the company’s business areas registering an upturn. The Pulp & Paper division had an 11.2% uplift in sales to E508.7 million. In contrast the Hydro segment suffered a 3.3% drop in revenues to E355.9 million. Overall, new orders were up 25.1% on the prior period at E1.6 billion with increases posted by all four of the company’s business units. The Hydro
division experienced a 22.8% jump in new business to E309.5 million, while the Pulp & Paper segment saw order intake rise 19.7% on the year earlier figure to reach E653.3 million. The company’s EBITA in the first quarter of 2017 amounted to E97.4 million, 16.1% above the prior year. The figure was up in three of its four divisions, with the exception being Hydro. Andritz’s net income rose 20.0% on the year prior to reach E63.1 million. Andritz is anticipating reasonable business development throughout the remainder of fiscal 2017 with group sales and profitability forecast to be at least stable compared with 2016. n www.andritz.com
Pump Industry Analyst
7
Alfa Laval AB, Sweden
Andritz Group, Austria
Key Figures (SEK million) First quarter ended 31.3 2017 2016
Order Intake
8801
7710
Net Sales Of Which: Energy Food & Water Marine
8126
8199
Cost of Goods Sold
5371
5429
Gross Profit
2755
2770
Sales Costs
1013
1089
Administration Costs
440
339
R&D Costs
197
186
1016
1070
Operating Income Of Which: Energy Food & Water Marine Net Income
2283 2381 2758 2478 2658 2995
255 326 402 358 432 556 776
871
Key Figures (E million) First quarter ended 31.3 2017 2016
Sales Of Which: Hydro Pulp & Paper
1386.2 1285.6 355.9 367.9 508.7 457.6
EBITA Of Which: Hydro Pulp & Paper
97.4 83.9
Earnings before Interest and Taxes
86.9
74.2
Net Income
63.1
52.6
Order Intake Of Which: Hydro Pulp & Paper
1560.0
1247.4
Order Backlog Of Which: Hydro Pulp & Paper
6974.2
22.1 23.7 46.3 40.2
309.5 252.0 653.3 545.6 7147.6
3184.3 3440.6 1979.4 2044.8
COMMENT Alfa Laval has posted first quarter net sales for fiscal 2017 of SEK8.1 billion, down 0.9% on the prior year. The fall was 5.9% when adjusted for currency effects. Revenues were down in two out of three of the company’s segments, declining 4.1% in its Energy division to SEK2.3 billion and 11.3% in the Marine sector to SEK2.7 billion. Bucking the trend was the Food & Water segment where sales rose 11.3% to SEK2.8 billion. There was better news on the new business front with order intake for the period increasing 14.2% on the 2016 comparator to SEK8.8 billion. All three divisions enjoyed an upturn, with a 13.0% increase taking Energy orders to SEK2.7 billion, a 21.0% uplift boosting Food & Water bookings to SEK3.2 billion and the Marine segment registering 7.9% growth to SEK2.6 billion.
June 2017
Net income, however, fell 10.9% on the year earlier to SEK776 million. Tom Erixon, Alfa Laval’s president and CEO, said the company saw the benefits of its restructuring programme during the quarter in the form of lower costs for sales and administration. “In parallel with the restructuring programme the implementation of our new strategy continued,” Erixon added. “The increased efforts within R&D in order to renew important product groups faster is running as planned. The most important goal with the new direction is to restore the organic growth and 2017 has had a good start.” Erixon said that Alfa Laval expected demand during the second quarter to be similar or a little lower than the first period. n www.alfalaval.com
COMMENT Andritz enjoyed a positive first quarter of fiscal 2017 with revenue, profitability and new orders all increasing on the year earlier. Total sales were up 7.8% on the 2016 comparator at E1.4 billion, although performance was mixed across the Group with only two out of four of the company’s business areas registering an upturn. The Pulp & Paper division had an 11.2% uplift in sales to E508.7 million. In contrast the Hydro segment suffered a 3.3% drop in revenues to E355.9 million. Overall, new orders were up 25.1% on the prior period at E1.6 billion with increases posted by all four of the company’s business units. The Hydro
division experienced a 22.8% jump in new business to E309.5 million, while the Pulp & Paper segment saw order intake rise 19.7% on the year earlier figure to reach E653.3 million. The company’s EBITA in the first quarter of 2017 amounted to E97.4 million, 16.1% above the prior year. The figure was up in three of its four divisions, with the exception being Hydro. Andritz’s net income rose 20.0% on the year prior to reach E63.1 million. Andritz is anticipating reasonable business development throughout the remainder of fiscal 2017 with group sales and profitability forecast to be at least stable compared with 2016. n www.andritz.com
Pump Industry Analyst
7