Andritz reports solid activity in pellet sector in Q2 results
Austria-based Andritz Group has released financial results for the first half of the year, reporting solid project activity in the biomass pelleting sector. According to the company, orders for biomass pelleting equipment were secured in Latin America, North America, Southeast Asia and Europe. Within its financial report, Andritz highlighted an order from a European customer for a large Andritz BioMax mill with the capacity to produce 12 tons of wood pellets per hour.
Overall, Andritz reported order intakes of €2.98 billion ($3.98 billion) during the first half of the year, up from nearly €2.53 billion during the same period of 2012. The company reported sales of €2.66 billion during the six-month period, up from €2.61 billion during the same period of last year. EBITDA for the first half of the year was €175.7 million, up from €136 million.
During the second quarter of the year, Andritz reported order intake of €1.24 billion, maintaining the €1.24 billion order intake reported for the same quarter of 2013. Sales for the quarter were €1.44 billion, approximately the same as the €1.44 billion reported for the second quarter of the previous year. EBITDA was €106.2 million, up slightly from €104 million during the same quarter of 2013.
The separation business unit, which includes pellet orders, reported order intake of €310.4 million for the half year and €166.4 million for the second quarter, compared to €322.2 million and €176.1 million during the same periods of 2013, respectively. Quarterly sales for the segment were €138.1 million, down from €149.9 million. EBITDA was €1.5 million during the second quarter, down from €4.3 million.
The pulp and paper unit, which includes biomass boilers, reported order intake of €1.06 billion for the half year and €402.4 million for the quarter, compared to €815 million and €391.5 million during the same periods of last year, respectively. Quarterly sales were €469.7 million, down slightly from €479.8 million during the same period of 2013. EBITDA for the quarter was €33.5 million, up from €18.1 million during the same quarter of last year.
Within the results, Andritz highlighted several events and orders regarding biomass boilers. According to the company, E.ON recently started generating electricity from its Blackburn Meadows biomass site in the U.K. using a waste wood-fired EcoFluid boiler and related systems supplied by Andritz. With regard to new orders, Andritz noted it has been awarded a contract by Mondi in Poland to rebuild a recovery boiler at the Świecie mill into a state-of-the-art biomass boiler. Under the separation segment, Andritz reported that Zhanjiang Chenming Pulp & Paper in China has ordered one of the largest biomass belt dryers in the world for its biomass gasification project.