The reasons for the provisions are additional project cost overruns resulting from strikes on the site and additional expenses for construction and erection work. From today’s perspective, there is no evidence of a need for further financial provisions – however, they cannot be excluded. Start-up of the plant is expected in the 1Q 2014.
As a result of all the financial provisions made for the pulp project in South America in 2013, the EBITA of the Andritz Group in 2013 is expected to reach approximately Euro 200 million and, after deduction of the provisions already announced in the 3Q 2013 for structural improvement measures planned in the Schuler Group (acquired by Andritz in 2013), approximately Euro 160 million (2012: Euro 357.8 million), respectively. Sales of the Andritz Group in 2013 are expected to amount to between Euro 5.7 -5.8 billion (2012: Euro 5,176.9 million).
Order intake of the Group in the 4Q 2013 amounted to approximately Euro 1.5 billion, thus order intake of the Group in 2013 is expected to reach around Euro 5.5 billion. This is an increase of about 12% compared to the previous year (2012: Euro 4,924.4 million).
The Andritz Group is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and solid/liquid separation in the municipal and industrial sectors.
