The document provides an overview and key financial figures for ANDRITZ GROUP for 2014. Order intake, sales, and order backlog reached record highs in 2014. Earnings and margins substantially improved compared to 2013, driven by strong performances in Pulp & Paper, Metals, and Separation. The order backlog remained at a high level, with Hydro and Pulp & Paper making up approximately 75% of the total backlog.
Wärtsilä reported its financial results for 2015. Order intake declined 3% to EUR 4.932 billion while net sales increased 5% to EUR 5.029 billion. EBIT was EUR 612 million, up from EUR 569 million in 2014. For 2016, Wärtsilä expects net sales growth of 0-5% and operational profitability of 12.5-13.0%. The outlook for the energy and marine markets remains challenging due to economic uncertainty and oversupply. However, the trend toward gas-fired and distributed power generation provides opportunities for growth. Wärtsilä also expects continued growth in its high-margin service business.
Wärtsilä reported financial results for the first quarter of 2014. Order intake declined 16% to EUR 1,142 million due to challenging power plant markets. Net sales increased 15% to EUR 1,012 million, in line with expectations. EBIT was EUR 90 million, representing an 8.9% margin. The company expects full year 2014 net sales growth of 0-10% and operational profitability of around 11%.
2015 04-27 - Yara International ASA Q1 2015 PresentationYara International
Yara International ASA reported strong first quarter results driven by higher deliveries and margins. Margins benefited from lower gas prices and a stronger US dollar. However, the company reported a NOK 1.8 billion currency loss due to US dollar appreciation. The industrial segment performed strongly. Prospects for the second quarter include a further expected NOK 650 million reduction in gas costs in Europe.
This document provides an annual report for AT&S, a leading supplier of printed circuit boards, for the 2013/14 fiscal year. It includes consolidated statements of profit/loss, financial position, and cash flows. Key highlights include revenue increasing to €589.9 million, EBITDA of €130.2 million, and total assets of €916.1 million. AT&S operates facilities in Europe, Asia, and India that focus on producing high-density interconnect boards and other advanced circuitry solutions for applications such as mobile devices, industrial electronics, automotive, and medical.
Wärtsilä Corporation presented an overview of its business in 2013. It has transitioned from solely being an engine company to offering lifecycle power solutions. Its vision is to be the most valued business partner through providing sustainable power solutions. It has three business areas: power plants, ship power, and services. PowerTech focuses on research, development, and manufacturing of products. The presentation highlights market trends, strategic focuses, and financial results for each business area.
Changing nature of seaborne thermal coal marketsJenny Kent
The IEA / OPEC recently invited globalCOAL's CEO Eoghan Cunningham to speak on Trade Patterns in the Coal Market.
Here's a copy of his presentation - it outlines of how the market is changing in these areas:
- trade flows for seaborne thermal coal;
- the market for coal derivatives;
- coal market participants
To learn more, visit www.globalcoal.com or drop a note to info@globalcoal.com
Wärtsilä reported its financial results for 2015. Order intake declined 3% to EUR 4.932 billion while net sales increased 5% to EUR 5.029 billion. EBIT was EUR 612 million, up from EUR 569 million in 2014. For 2016, Wärtsilä expects net sales growth of 0-5% and operational profitability of 12.5-13.0%. The outlook for the energy and marine markets remains challenging due to economic uncertainty and oversupply. However, the trend toward gas-fired and distributed power generation provides opportunities for growth. Wärtsilä also expects continued growth in its high-margin service business.
Wärtsilä reported financial results for the first quarter of 2014. Order intake declined 16% to EUR 1,142 million due to challenging power plant markets. Net sales increased 15% to EUR 1,012 million, in line with expectations. EBIT was EUR 90 million, representing an 8.9% margin. The company expects full year 2014 net sales growth of 0-10% and operational profitability of around 11%.
2015 04-27 - Yara International ASA Q1 2015 PresentationYara International
Yara International ASA reported strong first quarter results driven by higher deliveries and margins. Margins benefited from lower gas prices and a stronger US dollar. However, the company reported a NOK 1.8 billion currency loss due to US dollar appreciation. The industrial segment performed strongly. Prospects for the second quarter include a further expected NOK 650 million reduction in gas costs in Europe.
This document provides an annual report for AT&S, a leading supplier of printed circuit boards, for the 2013/14 fiscal year. It includes consolidated statements of profit/loss, financial position, and cash flows. Key highlights include revenue increasing to €589.9 million, EBITDA of €130.2 million, and total assets of €916.1 million. AT&S operates facilities in Europe, Asia, and India that focus on producing high-density interconnect boards and other advanced circuitry solutions for applications such as mobile devices, industrial electronics, automotive, and medical.
Wärtsilä Corporation presented an overview of its business in 2013. It has transitioned from solely being an engine company to offering lifecycle power solutions. Its vision is to be the most valued business partner through providing sustainable power solutions. It has three business areas: power plants, ship power, and services. PowerTech focuses on research, development, and manufacturing of products. The presentation highlights market trends, strategic focuses, and financial results for each business area.
Changing nature of seaborne thermal coal marketsJenny Kent
The IEA / OPEC recently invited globalCOAL's CEO Eoghan Cunningham to speak on Trade Patterns in the Coal Market.
Here's a copy of his presentation - it outlines of how the market is changing in these areas:
- trade flows for seaborne thermal coal;
- the market for coal derivatives;
- coal market participants
To learn more, visit www.globalcoal.com or drop a note to info@globalcoal.com
Half year results for the six months ended 30 September 2014Atkins
WS Atkins plc reported its half year results for the six months ended 30 September 2014. Key highlights included revenue increasing 2% excluding currency effects, acquisitions and disposals, underlying profit before tax up 5%, and underlying operating margin increased 90 basis points to 6.4%. Performance was strong in the Middle East and Energy segments. The outlook for the full year remains unchanged.
Metsa Group half year financial report 2016 presentationMetsä Group
Metsä Group reported financial results for the first half of 2016 that were lower than the previous year. Sales were EUR 2,339 million, down from EUR 2,585 million in the first half of 2015. The operating result was EUR 229 million excluding non-recurring items, compared to EUR 266 million in the previous year. Lower market prices for pulp negatively impacted results. Several divisions saw growth in sales volumes but this did not offset the impact of lower prices. Capital expenditures increased to EUR 338 million as major investment projects progressed.
- Revenues were stable compared to the first half of 2012 but up 4% compared to the second half of 2012, pointing to stabilisation in many end-markets.
- Recurring EBITDA was down 10% and recurring EBIT down 15%, affected by less favourable product and regional mix and lower metal prices.
- Guidance for full-year 2013 recurring EBIT of €300-330 million was maintained. Commitments to growth programs were unchanged and net debt was further reduced due to positive cash flows.
The document discusses Yara's Capital Markets Day 2013. It covers Yara's track record and strategy, with a focus on safety culture. It also discusses Yara's strategic ambition of "Creating Impact" to deliver business solutions that address issues of food security, resource scarcity, and environmental degradation. Additionally, it provides overviews of Yara's focus on commodity markets, downstream business, supply and trade operations, and upstream business. Financial performance and growth scenarios are also examined.
This document is HeidelbergCement's 2015 sustainability report. It discusses the company's strategy and approach to sustainability management. Key points include:
- HeidelbergCement is committed to responsible corporate governance and aims to achieve business objectives in an ethical manner.
- Compliance with laws and international standards is a priority, and the company has a compliance program including a Code of Conduct and whistleblower system.
- In 2015, the company strengthened its processes for evaluating business partners against sanctions lists and implemented a new system for assessing corruption risks.
- The sustainability strategy focuses on issues like climate protection, resource efficiency, occupational safety, and stakeholder engagement.
BFI Summary of the Film Industry -companies June-2015Naamah Hill
The majority of film industry companies in the UK are small production and post-production companies. While most companies are small, the top 10 exhibition companies generate over 90% of the sector's turnover. In 2014 there were over 6,000 film production companies and over 2,400 post-production companies, concentrated in London and the South East. The exhibition sector has a more dispersed national presence while still being dominated by a few large companies.
This document provides information about SRM, a supplier of stainless steel, aluminum, and coated metals. It summarizes SRM's history, founding in 2000 and acquisition of a precision strip operation. It lists the industries served and multiple US locations. Current metal suppliers are named for stainless steel, aluminum, and coated products. Capabilities are outlined for sheet, plate, coil, strip, and blanks in various alloys, finishes, and tolerances. Individual equipment at the Carol Stream and Beaver Dam facilities are described, including polishing, leveling, slitting, and rolling lines.
The 115 MW Sharmai Hydropower Project in Dir, NWFP would provide benefits to Pakistan such as reducing dependency on imported fuel, reducing emissions, increasing rural employment and prosperity. It is one of five hydropower projects that survived after the devastating 2005 earthquake. The project would have an installed capacity of 115 MW, annual energy output of 547 GWh, and involve construction of a dam, headrace tunnel, penstock and powerhouse. Preliminary reviews found the main civil structures and project features to be feasible.
Hauck Heat Treatment is a heat treatment company that offers various services to help clients further improve their products and manufacturing processes. They have 27 locations across 7 European countries and treat over 146,000 tons of material per year. Their vision is to use their expertise to help clients distinguish their offerings and gain competitive advantages in the market. They are committed to high quality treatment of clients' products and processes.
This document discusses the basic workings of a hydrocyclone. It explains that a hydrocyclone uses centrifugal force to separate slurry into two products - an underflow and overflow - based on differences in size and density. Larger, heavier particles are pushed to the outer walls and exit through the apex, while smaller, lighter particles stay near the center and exit through the vortex finder. The document then discusses several factors that affect hydrocyclone performance such as vortex finder diameter, pressure drop, apex diameter, feed flow rate, cyclone diameter, and cyclone length. Finally, it provides some common applications of hydrocyclones in industries such as mining, drilling, pulp and paper, and more.
NEPRA plays a key role in restructuring Pakistan's power sector. It was established in 1995 through a presidential ordinance to facilitate the transition from a state-run monopoly to a competitive market-driven system. NEPRA grants licenses, determines tariffs and standards, and safeguards stakeholders' interests. It has helped corporatize and privatize generation and distribution companies. The power sector now includes multiple public and private generators, distributors and consumers.
ANDRITZ Group is a world market leader in electromechanical equipment for hydropower, pulp and paper, metals processing, and solid/liquid separation. ANDRITZ Slovakia s.r.o. specializes in manufacturing and design engineering services for ANDRITZ divisions. The facility has 24,000 square meters of production and storage area and processes over 200 tons of steel annually with a workforce of over 1,100 carrying out around 270,000 direct labor hours of work annually. ANDRITZ Slovakia focuses on quality through certifications and inspection/testing and has capabilities for material preparation, assembly, quality improvement programs, and warehouse storage across its sites.
A PAKISTAN GROWTH AND DEVELOPMENT COMPREHENSIVE ENERGY PLAN by A GENIUS SCHOL...Malik Tariq Sarwar Awan
GROWTH AND DEVELOPEMNT EFFORTS FOR PAKISTAN TO BECOME A DEVELOPED COUNTRY by Tariq Sarwar Awan A Genius Research Analyst, Scholar and Public Representative Tariq Sarwar Awan in his Public Awareness program. I am working on all the core issues to give their SOLUTIONS for rapid growth of my Nation, Great Pakistan
1) Hydroelectric power has significant untapped potential in Pakistan to help address the country's energy needs.
2) Pakistan currently generates around 35% of its energy from hydropower but has an estimated potential of over 41,000MW, most of which remains unutilized.
3) Harnessing more of Pakistan's hydro potential through projects like Diamer-Bhasha Dam could help reduce the country's reliance on expensive and imported fossil fuels for energy generation.
Punjab is a state in northwest India known as the "Land of Five Rivers". It has a population of over 24 million people and its capital is Chandigarh. Punjab has experienced a rich and diverse history, with its culture deeply influenced by Sikhism as well as Hindu and Islamic traditions that have contributed to its unique cuisine, music like Bhangra, and wedding traditions. Punjab is an agriculturally fertile region located along several major rivers and is a popular tourist destination, most notably the Golden Temple.
Pakistan is located in South Asia with a population of 170 million people. It has four main provinces: Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan. Pakistan has over 132 universities and education includes both public and private systems. Cricket is the most popular sport. Pakistani cuisine varies regionally but is known for its rich, spicy flavors featuring ingredients like beef, lamb, rice and an emphasis on halal. Traditional weddings involve mehndi, barat processions and walima celebrations.
Dürr Aktiengesellschaft reported preliminary figures for fiscal year 2013 with incoming orders 8.1% lower than 2012 but earnings above consensus. EBIT increased 14.8% to €203 million and net income rose 26.5% to €140.9 million. Cash flow from operating activities was €329.1 million, significantly higher than the previous year. For 2014, the company expects continued growth in light vehicle production and sees opportunities in brownfield projects, new technologies, and its increasing service business.
Dürr Aktiengesellschaft held a conference call to discuss its financial results for January to September 2014. The company reported a book-to-bill ratio of 1.2, record high order backlog, and strong cash generation in Q3. While sales declined 6% year-over-year, earnings before interest and taxes increased 12% due to improved margins. Looking forward, Dürr expects full-year results to meet targets and anticipates positive effects from the recent acquisition of HOMAG, which closed in mid-October.
Dürr reported strong growth in orders and sales in Q1 2015 compared to the previous year. Earnings were in line with expectations, though margins declined slightly due to purchase price allocation effects from the HOMAG acquisition and a changed sales mix. The cash flow situation remained solid despite an increase in net working capital. While Q1 was impacted by special factors, normalization is expected in the coming quarters. Dürr confirmed its full year outlook with an EBIT margin target of 7.0-7.5%.
Interim Review January-June 2014: Strong development in orders received continued - profitability improvement proceeding according to plan
Presentation material at the news conference on July 31, 2014.
Financial Statements Review 2013: Solid performance in services - focus on profitability improvement
Presentation material at the new conference on February 6, 2014.
Half year results for the six months ended 30 September 2014Atkins
WS Atkins plc reported its half year results for the six months ended 30 September 2014. Key highlights included revenue increasing 2% excluding currency effects, acquisitions and disposals, underlying profit before tax up 5%, and underlying operating margin increased 90 basis points to 6.4%. Performance was strong in the Middle East and Energy segments. The outlook for the full year remains unchanged.
Metsa Group half year financial report 2016 presentationMetsä Group
Metsä Group reported financial results for the first half of 2016 that were lower than the previous year. Sales were EUR 2,339 million, down from EUR 2,585 million in the first half of 2015. The operating result was EUR 229 million excluding non-recurring items, compared to EUR 266 million in the previous year. Lower market prices for pulp negatively impacted results. Several divisions saw growth in sales volumes but this did not offset the impact of lower prices. Capital expenditures increased to EUR 338 million as major investment projects progressed.
- Revenues were stable compared to the first half of 2012 but up 4% compared to the second half of 2012, pointing to stabilisation in many end-markets.
- Recurring EBITDA was down 10% and recurring EBIT down 15%, affected by less favourable product and regional mix and lower metal prices.
- Guidance for full-year 2013 recurring EBIT of €300-330 million was maintained. Commitments to growth programs were unchanged and net debt was further reduced due to positive cash flows.
The document discusses Yara's Capital Markets Day 2013. It covers Yara's track record and strategy, with a focus on safety culture. It also discusses Yara's strategic ambition of "Creating Impact" to deliver business solutions that address issues of food security, resource scarcity, and environmental degradation. Additionally, it provides overviews of Yara's focus on commodity markets, downstream business, supply and trade operations, and upstream business. Financial performance and growth scenarios are also examined.
This document is HeidelbergCement's 2015 sustainability report. It discusses the company's strategy and approach to sustainability management. Key points include:
- HeidelbergCement is committed to responsible corporate governance and aims to achieve business objectives in an ethical manner.
- Compliance with laws and international standards is a priority, and the company has a compliance program including a Code of Conduct and whistleblower system.
- In 2015, the company strengthened its processes for evaluating business partners against sanctions lists and implemented a new system for assessing corruption risks.
- The sustainability strategy focuses on issues like climate protection, resource efficiency, occupational safety, and stakeholder engagement.
BFI Summary of the Film Industry -companies June-2015Naamah Hill
The majority of film industry companies in the UK are small production and post-production companies. While most companies are small, the top 10 exhibition companies generate over 90% of the sector's turnover. In 2014 there were over 6,000 film production companies and over 2,400 post-production companies, concentrated in London and the South East. The exhibition sector has a more dispersed national presence while still being dominated by a few large companies.
This document provides information about SRM, a supplier of stainless steel, aluminum, and coated metals. It summarizes SRM's history, founding in 2000 and acquisition of a precision strip operation. It lists the industries served and multiple US locations. Current metal suppliers are named for stainless steel, aluminum, and coated products. Capabilities are outlined for sheet, plate, coil, strip, and blanks in various alloys, finishes, and tolerances. Individual equipment at the Carol Stream and Beaver Dam facilities are described, including polishing, leveling, slitting, and rolling lines.
The 115 MW Sharmai Hydropower Project in Dir, NWFP would provide benefits to Pakistan such as reducing dependency on imported fuel, reducing emissions, increasing rural employment and prosperity. It is one of five hydropower projects that survived after the devastating 2005 earthquake. The project would have an installed capacity of 115 MW, annual energy output of 547 GWh, and involve construction of a dam, headrace tunnel, penstock and powerhouse. Preliminary reviews found the main civil structures and project features to be feasible.
Hauck Heat Treatment is a heat treatment company that offers various services to help clients further improve their products and manufacturing processes. They have 27 locations across 7 European countries and treat over 146,000 tons of material per year. Their vision is to use their expertise to help clients distinguish their offerings and gain competitive advantages in the market. They are committed to high quality treatment of clients' products and processes.
This document discusses the basic workings of a hydrocyclone. It explains that a hydrocyclone uses centrifugal force to separate slurry into two products - an underflow and overflow - based on differences in size and density. Larger, heavier particles are pushed to the outer walls and exit through the apex, while smaller, lighter particles stay near the center and exit through the vortex finder. The document then discusses several factors that affect hydrocyclone performance such as vortex finder diameter, pressure drop, apex diameter, feed flow rate, cyclone diameter, and cyclone length. Finally, it provides some common applications of hydrocyclones in industries such as mining, drilling, pulp and paper, and more.
NEPRA plays a key role in restructuring Pakistan's power sector. It was established in 1995 through a presidential ordinance to facilitate the transition from a state-run monopoly to a competitive market-driven system. NEPRA grants licenses, determines tariffs and standards, and safeguards stakeholders' interests. It has helped corporatize and privatize generation and distribution companies. The power sector now includes multiple public and private generators, distributors and consumers.
ANDRITZ Group is a world market leader in electromechanical equipment for hydropower, pulp and paper, metals processing, and solid/liquid separation. ANDRITZ Slovakia s.r.o. specializes in manufacturing and design engineering services for ANDRITZ divisions. The facility has 24,000 square meters of production and storage area and processes over 200 tons of steel annually with a workforce of over 1,100 carrying out around 270,000 direct labor hours of work annually. ANDRITZ Slovakia focuses on quality through certifications and inspection/testing and has capabilities for material preparation, assembly, quality improvement programs, and warehouse storage across its sites.
A PAKISTAN GROWTH AND DEVELOPMENT COMPREHENSIVE ENERGY PLAN by A GENIUS SCHOL...Malik Tariq Sarwar Awan
GROWTH AND DEVELOPEMNT EFFORTS FOR PAKISTAN TO BECOME A DEVELOPED COUNTRY by Tariq Sarwar Awan A Genius Research Analyst, Scholar and Public Representative Tariq Sarwar Awan in his Public Awareness program. I am working on all the core issues to give their SOLUTIONS for rapid growth of my Nation, Great Pakistan
1) Hydroelectric power has significant untapped potential in Pakistan to help address the country's energy needs.
2) Pakistan currently generates around 35% of its energy from hydropower but has an estimated potential of over 41,000MW, most of which remains unutilized.
3) Harnessing more of Pakistan's hydro potential through projects like Diamer-Bhasha Dam could help reduce the country's reliance on expensive and imported fossil fuels for energy generation.
Punjab is a state in northwest India known as the "Land of Five Rivers". It has a population of over 24 million people and its capital is Chandigarh. Punjab has experienced a rich and diverse history, with its culture deeply influenced by Sikhism as well as Hindu and Islamic traditions that have contributed to its unique cuisine, music like Bhangra, and wedding traditions. Punjab is an agriculturally fertile region located along several major rivers and is a popular tourist destination, most notably the Golden Temple.
Pakistan is located in South Asia with a population of 170 million people. It has four main provinces: Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan. Pakistan has over 132 universities and education includes both public and private systems. Cricket is the most popular sport. Pakistani cuisine varies regionally but is known for its rich, spicy flavors featuring ingredients like beef, lamb, rice and an emphasis on halal. Traditional weddings involve mehndi, barat processions and walima celebrations.
Dürr Aktiengesellschaft reported preliminary figures for fiscal year 2013 with incoming orders 8.1% lower than 2012 but earnings above consensus. EBIT increased 14.8% to €203 million and net income rose 26.5% to €140.9 million. Cash flow from operating activities was €329.1 million, significantly higher than the previous year. For 2014, the company expects continued growth in light vehicle production and sees opportunities in brownfield projects, new technologies, and its increasing service business.
Dürr Aktiengesellschaft held a conference call to discuss its financial results for January to September 2014. The company reported a book-to-bill ratio of 1.2, record high order backlog, and strong cash generation in Q3. While sales declined 6% year-over-year, earnings before interest and taxes increased 12% due to improved margins. Looking forward, Dürr expects full-year results to meet targets and anticipates positive effects from the recent acquisition of HOMAG, which closed in mid-October.
Dürr reported strong growth in orders and sales in Q1 2015 compared to the previous year. Earnings were in line with expectations, though margins declined slightly due to purchase price allocation effects from the HOMAG acquisition and a changed sales mix. The cash flow situation remained solid despite an increase in net working capital. While Q1 was impacted by special factors, normalization is expected in the coming quarters. Dürr confirmed its full year outlook with an EBIT margin target of 7.0-7.5%.
Interim Review January-June 2014: Strong development in orders received continued - profitability improvement proceeding according to plan
Presentation material at the news conference on July 31, 2014.
Financial Statements Review 2013: Solid performance in services - focus on profitability improvement
Presentation material at the new conference on February 6, 2014.
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
The document provides an overview of the Bucher Group, which consists of five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Kuhn Group is the largest division and a world leader in agricultural machinery like forage harvesters and feed mixers. It generates the majority of sales and employees for the overall Bucher Group.
The document reports on Eurazeo's first half 2014 results. Key highlights include €580 million in investments, a 27% increase in NAV per share to €70.0, 4.7% growth in economic revenues to €2.523 billion, and a 21% increase in EBIT of fully consolidated companies to €220 million. Several portfolio companies experienced strong revenue and EBITDA growth in the first half of 2014.
The document provides an overview of the Bucher Group, which consists of five divisions: Kuhn Group (agricultural machinery), Bucher Municipal (municipal vehicles), Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. It discusses the group's strategy, financial results, targets, and outlook. The Kuhn Group section specifically notes that it is the world's leading manufacturer of specialized tractor-related agricultural machinery, with market shares up to 30% depending on the product family.
This document provides an overview of the Bucher Group, which consists of five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Kuhn Group division is the largest and specializes in agricultural machinery. It had net sales of CHF 1.3 billion in 2013 and employs 4,699 people. The Kuhn Group has the number one global market position in forage harvesting machinery and feed mixers. It offers a complete product range of agricultural machinery under one brand.
This document provides a summary of Dürr Aktiengesellschaft's conference call results for the first half of 2013. It discusses incoming orders, sales revenues, order backlog, earnings, cash flow, and outlook. Key points include orders being down 7.9% year-over-year for the first half but the order backlog remaining strong. Gross margins and earnings increased in the first half compared to the previous year. Cash flow improved significantly in the second quarter. The project pipeline and order intake are expected to remain solid for the rest of 2013 and into 2014.
ERG reported its fourth quarter 2014 results on 12 March 2015. Key highlights included an EBITDA of €91 million for Q4 2014, driven by improved results in renewables. Power results decreased due to the disposal of the ISAB Energy plant. The net financial position was reduced to €538 million at year-end 2014, partly due to the early termination of the CIP6 convention which provided €515 million in cash. Guidance for 2015 projects an EBITDA of around €390 million, excluding one-off items in 2014.
This document summarizes Wärtsilä Corporation's financial results for 2014. Key highlights include:
- Order intake increased 5% to EUR 5,084 million.
- Net sales increased 4% to EUR 4,779 million.
- EBIT was EUR 569 million, or 11.9% of net sales.
- The company announced the acquisition of L-3 Marine Systems International to strengthen its position in marine automation and electrical systems.
- Service demand continued to grow, with net sales from services reaching an all-time high of EUR 1,939 million.
Dürr Aktiengesellschaft reported financial results for the first half and second quarter of 2015. Sales revenues increased 67.2% in the first half compared to the previous year due to strong growth. Operating profit rose 41.4% in the first half and 49.3% in the second quarter. The integration of HOMAG Group is proceeding as planned, though it negatively impacted financial results. The outlook for 2015 remains unchanged with an expected EBIT margin between 7.0-7.5% despite extraordinary effects from HOMAG.
Palfinger AG presented results for the first half of 2013, highlighting international growth despite economic uncertainty in Europe. Revenue increased 2.2% to EUR 475.1 million driven by gains in non-European markets offsetting declines in Europe. EBIT rose 5.2% to EUR 39.1 million through increased contributions from international business units and acquisitions. Strategic priorities include expanding in growth markets like China and South America, developing the marine and offshore business, and increasing flexibility to adapt to changing conditions.
The document summarizes Eurazeo's first half 2013 results. Key points include:
- Good financial results driven by strong disposals totaling €853 million including Rexel shares.
- Net asset value per share increased 9% to €59.0 due to value creation efforts.
- Consolidated net income was €362 million including €580 million in capital gains from disposals.
- The company strengthened its financial position with net cash of €794 million and further debt reductions.
Husqvarna Group saw progress in 2014, with operating income rising 47% excluding impairment charges. All business areas contributed to improved results. The Accelerated Improvement Program accounted for over half the earnings growth. A new organizational structure was implemented in January 2015 to realize the Group's full potential by 2020. The report discusses financial performance in each business area and region. The Accelerated Improvement Program aims to double the operating margin to 10% by 2016 through initiatives to boost profitability and focus, in order to enable long-term growth.
This presentation was held when the ASSA ABLOY Group released its interim report first quarter January-March 2014 on Tuesday 29 April 2014. The presentation was held at the combined investors’ and analyst meeting and web conference at Operaterrassen in Stockholm, Sweden.
Similar to Andritz-company-presentation-Final (20)
3. KEY FINANCIAL FIGURES 2014
* MEUR = million euro
The ANDRITZ GROUP
Overview
Unit 2014
Order intake MEUR* 6,101.0
Order backlog (as of end of period) MEUR 7,510.6
Sales MEUR 5,859.3
EBITA MEUR 379.5
Net income (including non-controlling interests) MEUR 210.0
Employees (as of end of period; without apprentices) - 24,853
Profile: globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metal-
working and steel industries, and solid/liquid separation in the municipal and industrial sectors
Headquarters: Graz, Austria
Global presence: over 250 production sites and service/sales companies worldwide
3 Company presentation April 2015
4. Product offerings: equipment for production
of all types of pulp, paper, tissue, and board;
energy boilers
Order intake 2014: 1,996 MEUR
Sales 2014: 1,969 MEUR
Share of ANDRITZ GROUP’s total order intake: 30-35%
Worldwide leading position in four business areas
HYDRO and PULP & PAPER …
Product offerings: electromechanical equipment for
hydropower plants (turbines, generators); pumps;
turbo generators
Order intake 2014: 1,817 MEUR
Sales 2014: 1,752 MEUR
Share of ANDRITZ GROUP’s total order intake: 30-35%
4 Company presentation April 2015
5. Product offerings: equipment for solid/liquid separation
for municipalities and various industries; equipment
for production of animal feed and biomass pellets
Order intake 2014: 596 MEUR
Sales 2014: 587 MEUR
Share of ANDRITZ GROUP’s total order intake: 10%
Product offerings: presses for metalforming (Schuler);
systems for production of stainless steel, carbon steel,
and non-ferrous metal strip; industrial furnace plants
Order intake 2014: 1,693 MEUR
Sales 2014: 1,550 MEUR
Share of ANDRITZ GROUP’s total order intake: 25%
… METALS and SEPARATION
5 Company presentation April 2015
6. 1,744
2,710
3,283
3,610
3,198
3,554
4,596
5,177
5,711
5,859
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Compound Annual Growth Rate (CAGR) of Group sales 2005-2014:
+14% p. a. (thereof approximately half organic growth)
Strengthening of market position
Growth through organic expansion and acquisitions
Recent acquisitions by business area since 1990
2011 Iggesund Tools
2011 Tristar Industries
2011 Asselin-Thibeau
2012 AES
2013 MeWa
METALS
1997 Sundwig
1998 Thermtec
2000 Kohler
2002 SELAS SAS Furnace Div.
2004 Kaiser
2005 Lynson
2008 Maerz
2012 Bricmont
2012 Soutec
2013 Schuler (> 95%)
2013 FBB Engineering
2014 Herr-Voss Stamco
SEPARATION
1992 TCW Engineering
1995 Jesma-Matador
1996 Guinard
2000 UMT
2002 3SYS
2004 Bird Machine
2004 NETZSCH Filtration
2004 Fluid Bed Systems
2005 Lenser Filtration
2006 CONTEC Decanter
2009 Delkor Capital Equipment
2009 Frautech
2010 KMPT
2012 Gouda
2013 Shende Machinery
HYDRO
2006 VA TECH HYDRO
2007 Tigép
2008 GE Hydro business
2008 GEHI (JV)
2010 Precision Machine
2010 Hammerfest Strøm (59%)
2010 Ritz
2011 Hemicycle Controls
PULP & PAPER
1990 Sprout-Bauer
1992 Durametal
1994 Kone Wood
1998 Kvaerner Hymac
1999 Winberg
2000 Ahlstrom Machinery
2000 Lamb Baling Line
2000 Voith Andritz Tissue LLC (JV)
2002 ABB Drying
2003 IDEAS Simulation
2003 Acutest Oy
2003 Fiedler
2004 EMS (JV)
2005 Cybermetrics
2005 Universal Dynamics Group
2006 Küsters
2006 Carbona
2006 Pilão
2007 Bachofen + Meier
2007 Sindus
2008 Kufferath
2009 Rollteck
2010 Rieter Perfojet
2010 DMT/Biax
2011 AE&E Austria
6 Company presentation April 2015
8. Financial highlights 2014
Order intake, sales, and order
backlog reach record highs
Order intake
6.1 bn. EUR
Sales
5.9 bn. EUR
Order backlog
7.5 bn. EUR
Earnings and margins substantially
improved compared to very low levels of 2013
Strong development of cash flow
and net cash position
Solid level of net working capital
Dividend proposal of 1.00 EUR/share
Company presentation April 20158
9. SALES by region 2014 vs. 2013 (%)
SALES by business area 2014 vs. 2013 (MEUR)GROUP SALES (MEUR)
* Schuler portion
The Schuler Group was consolidated into the consolidated
financial statements of ANDRITZ as of March 1, 2013
Group sales
Slight increase due to Schuler
967* 1,178*
5,711
5,859
2014 2013 +/-
HYDRO 1,752 1,805 -3%
PULP & PAPER 1,969 2,005 -2%
METALS 1,551 1,311 +18%
SEPARATION 587 590 +/-0%
+3%
(-1% ex Schuler)
5,859
MEUR
2014 2013
Europe 41 43
North America 16 16
South America 15 13
China 13 13
Asia (ex China) 11 11
Others* 4 4
Project-related lower
sales generation in
HYDRO and PULP &
PAPER
+8% ex Schuler
Emerging
markets: 43%
Europe & North
America: 57%
Well-balanced geographical
exposure in sales …
2013 2014 * Africa and Australia
Company presentation April 20159
10. ORDER INTAKE by region 2014 vs. 2013 (%)
ORDER INTAKE by business area 2014 vs. 2013 (MEUR)GROUP ORDER INTAKE (MEUR)
* Schuler portion
The Schuler Group was consolidated into the consolidated
financial statements of ANDRITZ as of March 1, 2013
Group order intake significantly increased
PULP & PAPER and METALS favorably up
868*
1,194*
5,611
6,101
+9%
(+3% ex Schuler)
* Africa and Australia
Also +37% ex Schuler
2014 2013 +/-
HYDRO 1,817 1,865 -3%
PULP & PAPER 1,996 1,908 +5%
METALS 1,693 1,234 +37%
SEPARATION 596 604 -1%
2014 2013
Europe 37 41
North America 18 18
South America 14 12
China 12 11
Asia (ex China) 12 14
Others* 7 4
6,101
MEUR
Emerging
markets: 45%
Europe & North
America: 55%
… and in order intake
2013 2014
Company presentation April 201510
11. ORDER BACKLOG by business area 2014 (%)
ORDER BACKLOG by business area 2014 vs. 2013 (as of end of period; MEUR)GROUP ORDER BACKLOG
(as of end of period in MEUR) * Schuler portion
The Schuler Group was consolidated into the consolidated
financial statements of ANDRITZ as of March 1, 2013
1,040* 1,058*
7,389 7,511
+2%
(+2% ex Schuler)
Order backlog at record high, mainly driven by METALS
7,511
MEUR
2014 2013 +/-
HYDRO 3,709 3,722 +/-0%
PULP & PAPER 1,875 1,886 -1%
METALS 1,566 1,428 +10%
SEPARATION 361 353 +2%
+31% ex Schuler
2013 2014
HYDRO 49
PULP & PAPER 25
METALS 21
SEPARATION 5
HYDRO and
PULP & PAPER
account for ~75%
of total backlog
Company presentation April 201511
12. EBITA (MEUR) EBITA MARGIN (%)
The Schuler Group was consolidated into the consolidated financial statements of ANDRITZ
as of March 1, 2013
164.1
379.5
+131%
Strong increase in earnings and profitability
compared to very low levels of 2013
2013 2014
2013:
2.9%
2014:
6.5%
Increase of EBITA and EBITA margin driven by strong
earnings improvements of PULP & PAPER, SEPARATION,
and METALS; unchanged good profitability of HYDRO
Company presentation April 201512
13. Unit 2014 2013 +/-
Order intake MEUR 6,101.0 5,611.0 +8.7%
Order backlog (as of end of period) MEUR 7,510.6 7,388.5 +1.7%
Sales MEUR 5,859.3 5,710.8 +2.6%
EBITDA MEUR 472.0 255.2 +85.0%
EBITA MEUR 379.5 164.1 +131.3%
EBIT MEUR 295.7 89.8 +229.3%
EBT MEUR 299.4 80.3 +272.9%
Financial result MEUR 3.7 -9.5 +138.9%
Net income (including non-controlling interests) MEUR 210.0 53.2 +294.7%
Cash flow from operating activities MEUR 342.1 93.7 +265.1%
Capital expenditure MEUR 106.5 111.4 -4.4%
Equity ratio % 17.0 16.7 -
Liquidity MEUR 1,701.6 1,517.0 +12.2%
Net liquidity (after deduction of all financial liabilities) MEUR 1,065.1 893.1 +19.3%
Net working capital MEUR -570.9 -539.4 -5.8%
EBITDA margin % 8.1 4.5 -
EBITA margin % 6.5 2.9 -
EBIT margin % 5.0 1.6 -
Employees (as of end of period; without apprentices) - 24,853 23,713 +4.8%
Key figures 2014 at a glance
The Schuler Group was consolidated into the consolidated financial statements of ANDRITZ as of March 1, 2013
Increase in net
liquidity driven by
strong cash flow
generation and
project-related
customer
advances
Unchanged solid
level of net
working capital
Company presentation April 201513
14. HYDRO (1)
Reasonable project activity, but far below peak level of 2011
MODERNIZATIONS/REHABILITATIONS
Solid project activity in Europe and North
America, although below peak years
NEW HYDROPOWER PLANTS
Some projects in emerging markets in
implementation or planning phase
(particularly in South America and Africa)
COMPETITION
Stable competition at challenging level
PUMPS
Solid project activity
The consortium GE/ANDRITZ HYDRO is appointed preferred bidder for the supply of the electromechanical
equipment for the world’s first tidal lagoon hydropower project in Swansea Bay, Wales. The hydropower plant
will have a total capacity of 320 megawatts.
Photo:TidalLagoonSwanseaBayplc.
Company presentation April 201514
15. Unit 2014 2013 +/-
Order intake MEUR 1,816.7 1,865.4 -2.6%
Order backlog (as of end of period) MEUR 3,708.6 3,722.4 -0.4%
Sales MEUR 1,752.3 1,804.8 -2.9%
EBITDA MEUR 177.2 176.8 +0.2%
EBITDA margin % 10.1 9.8 -
EBITA MEUR 144.8 146.9 -1.4%
EBITA margin % 8.3 8.1 -
Employees (as of end of period; without apprentices) - 8,339 7,445 +12.0%
HYDRO (2)
Satisfactory business development
Slight project-related
decline in sales
Earnings and margin
at unchanged
satisfactory levels
Order intake in
line with
expectations
Increase of
employees related to
projects in South
America and Turkey
Company presentation April 201515
16. PULP & PAPER (1)
Good investment and project activity
MODERNIZATIONS/GREENFIELD
Good project and investment activity for
modernizations/refurbishments and for
new greenfield pulp mills
BIOMASS/RECOVERY BOILERS
Good investment activity
COMPETITION
Unchanged challenging price competition
TISSUE
Solid demand, especially in China
Photo:MetsäFibreOy
ANDRITZ has signed a letter of intent with Metsä Fibre to deliver key production technologies for a new bio-
product pulp mill in Finland.
Company presentation April 201516
17. PULP & PAPER (2)
Strong improvement in earnings and profitability
Favorable order intake
of almost 2 billion euros
Slight project-related
decline in sales
Earnings and margin
recovered compared to
low level in 2013; good
profitability development in
service, capital still
impacted by execution of
some lower margin orders
Unit 2014 2013 +/-
Order intake MEUR 1,995.7 1,907.7 +4.6%
Order backlog (as of end of period) MEUR 1,875.4 1,885.6 -0.5%
Sales MEUR 1,969.3 2,005.3 -1.8%
EBITDA MEUR 127.6 -11.5 +1,209.6%
EBITDA margin % 6.5 -0.6 -
EBITA MEUR 102.9 -35.7 +388.2%
EBITA margin % 5.2 -1.8 -
Employees (as of end of period; without apprentices) - 7,236 7,136 +1.4%
Company presentation April 201517
18. METALS (1): good investment activity
in metal forming and for aluminum equipment
METALFORMING
Good project activity, especially in China;
satisfactory level in Europe
STAINLESS STEEL
Unchanged low project activity, however some
selective investments in emerging markets
COMPETITION
Stable competition at challenging level
ALUMINUM
Very good project activity
One of the largest orders in Schuler’s 175-year history was received from FAW Volkswagen
Automotive, China. The order comprises three press lines with ServoDirect technology. The servo-
press lines are used mainly to produce car body parts, such as hoods or doors.
Company presentation April 201518
19. METALS (2)
Favorable business development
Order intake favorably
up due to the metal-
forming (Schuler) and
aluminum equipment
Sales increase mainly
due to Schuler (ex
Schuler: +8.0%)
Satisfactory earnings and
margin development
compared to 2013, which
was impacted by
restructuring provisions
by Schuler; EBITA 2014
positively influenced by
release of provision
overhang 2014
The Schuler Group was consolidated into the consolidated financial statements of ANDRITZ as of March 1, 2013
Unit 2014 2013 +/-
Order intake MEUR 1,692.8 1,233.8 +37.2%
Order backlog (as of end of period) MEUR 1,566.1 1,427.6 +9.7%
Sales MEUR 1,550.4 1,311.0 +18.3%
EBITDA MEUR 134.0 76.6 +74.9%
EBITDA margin % 8.6 5.8 -
EBITA MEUR 110.2 53.5 +106.0%
EBITA margin % 7.1 4.1 -
Employees (as of end of period; without apprentices) - 6,432 6,300 +2.1%
Company presentation April 201519
20. ENVIRONMENT AND FOOD
Solid investment activity
SEPARATION (1)
MINING AND MINERALS
Unchanged low project activity
FEED AND BIOMASS PELLETING
Good project activity
CHEMICALS
Solid project activity
For the waste water treatment plant, industrial effluent treatment plant, and food application segments,
ANDRITZ launched a new sludge dewatering machine: the ANDRITZ C-Press is a screw press providing
high performance and combining compact design with low operating costs.
Company presentation April 201520
21. SEPARATION (2)
Order intake and sales stabilized, earnings improved
Order intake and sales
practically unchanged
compared to 2013
Earnings and margin back
on track compared to low
level in 2013 (additional
costs related to launch of
new products in China)
Unit 2014 2013 +/-
Order intake MEUR 595.8 604.1 -1.4%
Order backlog (as of end of period) MEUR 360.5 352.9 +2.2%
Sales MEUR 587.3 589.7 -0.4%
EBITDA MEUR 33.2 13.3 +149.6%
EBITDA margin % 5.7 2.3 -
EBITA MEUR 21.6 -0.6 +3,700.0%
EBITA margin % 3.7 -0.1 -
Employees (as of end of period; without apprentices) - 2,846 2,832 +0.5%
Company presentation April 201521
22. 3. Long-term goals and outlook
1. ANDRITZ GROUP overview
2. Results 2014
23. * Including restructuring expenses ** Including Schuler as of March 1, 2013; no pro forma figures are available for the reference periods of previous years
Target to continue long-term profitable growth
Goal: maintain 7% and improve to 8% with top-line sales growth
23
%
MEUR
Long term:
maintain 7%
and improve to
8% with top-line
sales growth
Average
2005-2009:
6.0%Average
2000-2004:
5.3%
5.7
Company presentation April 2015
24. Outlook for 2015
Investment activity to remain at current satisfactory levels
HYDRO
Good project activity for modernizations and new hydropower stations to
continue; satisfactory market activity for pumps to continue
PULP & PAPER
Solid project activity for modernizations/capacity increases and power/
biomass boilers; good pipeline for green-/brownfield pulp mill projects
METALS
Global metalforming market to stay at good level; steel at unchanged
subdued level; good market activity in aluminum to continue
SEPARATION
Low project activity in mining to remain; solid project activity in chemicals;
good investment activity in environment, food, and feed/biomass pelleting
stable +/-
stable +
stable +
stable +
ANDRITZ GROUP 2015
Slight increase in sales
and improvement of
earnings expected
Company presentation April 201524
26. ANDRITZ GROUP
Sales, order intake, EBITA, and EBITA margin 2010-2014
Sales (in MEUR): CAGR +13%
26
Order intake (in MEUR): CAGR +10%
EBITA (in MEUR)
EBITA margin (in %)
Average
4,979
MEUR
Average
5,295
MEUR
Average
298
MEUR
Average
6.1%
27. HYDRO
Sales, order intake, EBITA, and EBITA margin 2010-2014
Sales (in MEUR): CAGR +3%
27
Order intake (in MEUR): CAGR -1%
EBITA (in MEUR)
EBITA margin (in %)
Average
1,749
MEUR
Average
1,931
MEUR
Average
142
MEUR
Average
8.1%
28. Average
4.6%
PULP & PAPER
Sales, order intake, EBITA, and EBITA margin 2010-2014
Sales (in MEUR): CAGR +15%
28
Order intake (in MEUR): CAGR +9%
EBITA (in MEUR)
EBITA margin (in %)
2013
2013
Average
1,854
MEUR
Average
1,995
MEUR
Average
81
MEUR
29. METALS
Sales, order intake, EBITA, and EBITA margin 2010-2014
Sales (in MEUR): CAGR +46%*
29
Order intake (in MEUR): CAGR +54%*
EBITA (in MEUR)
EBITA margin (in %)
* +2% ex Schuler
* +13% ex Schuler
Average
ex Schuler:
367
MEUR
Schuler:967Schuler:
868
39.7*
* Schuler: 4.1% (8.4% before restructuring expenses)
Average
ex Schuler:
362
MEUR
Average
ex Schuler:
17.7
MEUR
Average
ex Schuler:
4.8%
Schuler:1,178Schuler:
1,194
* thereof Schuler
98.4*
** Schuler: 8.4%
30. Average
5.2%
SEPARATION
Sales, order intake, EBITA, and EBITA margin 2010-2014
Sales (in MEUR): CAGR +4%
30
Order intake (in MEUR): CAGR +2%
EBITA (in MEUR)
EBITA margin (in %)
Average
580
MEUR
Average
594
MEUR
Average
30
MEUR