Andritz AG

Andritzis develops production systems and industrial process solutions for standard and specialized products. Co. maintains five business areas. Pulp and Paper provides technology and services for production of various grades of pulp and fiber for the manufacture of paper, board and tissue. Metals develops and manufactures plants for the production of cold-rolled carbon steel, stainless steel, and non-ferrous metals strip. Environment and Process provides products and services for mechanical and thermal solid or liquid separation. Feed and Biofuel develops and produces equipment for production of feed. Hydro supplies turnkey electromechanical equipment and services for hydro power plants.
  • TickerANDR
  • ISINAT0000730007
  • ExchangeVienna Stock Exchange
  • SectorIndustrial Engineering
  • CountryAustria

Raiffeisen Centrobank Equity Daily 08.07.2020

 AT: Andritz - Andritz to supply spunlace line to Turkish Eruslu Nonwoven Group (neutral)  AT: OMV - 2Q 20 operating results show that OMV faced one of the most challenging quarters mainly due to the Covid-19 impact (negative)  FR: Verallia - Majority of shareholders chooses share dividend (neutral)  PL: mBank - Profit warning 2Q on another PLN 189 mn for legal risk provision from FX mortgages (negative)  RO: OMV Petrom - 2Q 20 operating results show lower qoq oil and gas production, weaker refining margins and lower sales of fuels (negative)

Raiffeisen Centrobank Equity Daily 07.07.2020

 AT: Andritz - Andritz to cut 80 employees in Hydro division (neutral)  PL: mBank - Polish Ombudsman asks court to annul mBank FX-loan agreements (negative)  PL: PKO BP - The bank stops offering term deposits for corporate clients (neutral)

With a more favourable environment, ANDRITZ AG improves to Slightly Positive

ANDRITZ AG (AT), a company active in the Industrial Machinery industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was EUR 33.40 and its potential was estimated at EUR 38.36.

Raiffeisen Centrobank Equity Daily 24.06.2020

 AT: Andritz - Large pulp mill order from Sun Paper (neutral)  AT: Erste Group, Raiffeisen Bank International - Slovak bank tax to be abolished (positive)  AT: S IMMO - Nearly all properties open again, shopping mall footfall more than 70% of pre-crisis levels (positive)  CZ: Czech Banks - With Slovakia abolishing the bank tax, the probability of a Czech levy fades (positive)  HU: Hungarian Banks - Central Bank unexpectedly cut the base rate by 15 bps (negative)  RO: Electrica - Electrica will acquire a 100% stake in a small photovoltaic farm (neutral)  RU: LUKoil - Shareholders approve...

Expert Corporate Governance Service (ECGS)

Andritz - AGM 07 July 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the Austrian COVID-19 Company Law Act and COVID-19 Company Law Regulation. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by granting authority to the special proxies designated by the Company. Item 2: Management and Supervisory Board are proposing a dividend of EUR 0.50 per share (decreased by 67.74% from EUR 1.55) which corresponds to a payout ratio of 39.37% per share (EPS: EUR 1.27). We note that the initial dividend proposa...

Raiffeisen Centrobank Equity Daily 08.07.2020

 AT: Andritz - Andritz to supply spunlace line to Turkish Eruslu Nonwoven Group (neutral)  AT: OMV - 2Q 20 operating results show that OMV faced one of the most challenging quarters mainly due to the Covid-19 impact (negative)  FR: Verallia - Majority of shareholders chooses share dividend (neutral)  PL: mBank - Profit warning 2Q on another PLN 189 mn for legal risk provision from FX mortgages (negative)  RO: OMV Petrom - 2Q 20 operating results show lower qoq oil and gas production, weaker refining margins and lower sales of fuels (negative)

Raiffeisen Centrobank Equity Daily 07.07.2020

 AT: Andritz - Andritz to cut 80 employees in Hydro division (neutral)  PL: mBank - Polish Ombudsman asks court to annul mBank FX-loan agreements (negative)  PL: PKO BP - The bank stops offering term deposits for corporate clients (neutral)

Raiffeisen Centrobank Equity Daily 24.06.2020

 AT: Andritz - Large pulp mill order from Sun Paper (neutral)  AT: Erste Group, Raiffeisen Bank International - Slovak bank tax to be abolished (positive)  AT: S IMMO - Nearly all properties open again, shopping mall footfall more than 70% of pre-crisis levels (positive)  CZ: Czech Banks - With Slovakia abolishing the bank tax, the probability of a Czech levy fades (positive)  HU: Hungarian Banks - Central Bank unexpectedly cut the base rate by 15 bps (negative)  RO: Electrica - Electrica will acquire a 100% stake in a small photovoltaic farm (neutral)  RU: LUKoil - Shareholders approve...

Raiffeisen Centrobank Equity Daily 15.05.2020

 AT: Andritz - Andritz to supply flue gas desulphurization plant to Indian utility (neutral)  PL: Lotos - 1Q 20 final results come fully in line with preliminaries (neutral)  RO: Banca Transilvania, BRD-GSG, Erste Group - The deadline for the debt moratorium has been extended until June 15 (neutral)  RO: Digi Communications - Huge 1Q 20 net losses due to refinancing process and FX losses (negative)  RO: MedLife - Improved profitability in 1Q 20 driven by sales growth on flattish margins (neutral)  RO: Purcari Wineries - Net profit was slightly down yoy in 1Q 20 only due to FX losses (pos...

Teresa Schinwald

Andritz 1Q 20 - Very limited visibility, some delays and Hydro trough

Andritz's 1Q 20 results were a mixed bag: Order intake again increased, driven by the EUR 500 mn UBM pulp mill order, sales were flat yoy, but EBITA and profitability decreased on Metals underutilisation and weak hydro margins. Net profit was almost flat yoy thanks to the absence of impairments vs. last year. Results came in slightly below our and consensus forecasts.

With a more favourable environment, ANDRITZ AG improves to Slightly Positive

ANDRITZ AG (AT), a company active in the Industrial Machinery industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 26, 2020, the closing price was EUR 33.40 and its potential was estimated at EUR 38.36.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Andritz - AGM 07 July 2020

General: The AGM is to be held in the form of a virtual AGM in accordance with the Austrian COVID-19 Company Law Act and COVID-19 Company Law Regulation. The physical presence of shareholders or their authorised proxies is not possible. The voting rights may therefore be exercised solely by granting authority to the special proxies designated by the Company. Item 2: Management and Supervisory Board are proposing a dividend of EUR 0.50 per share (decreased by 67.74% from EUR 1.55) which corresponds to a payout ratio of 39.37% per share (EPS: EUR 1.27). We note that the initial dividend proposa...

Expert Corporate Governance Service (ECGS)

Andritz, March 27 2019

Item 4: Since there is no vote on Management Board members' remuneration in Austria, we take the opportunity to voice our concerns regarding the remuneration system currently in place at Andritz which we consider has several shortcomings: The target amounts for the short-term incentive (STI) have not been disclosed and the potential maximum STI may reach as much as 300% of base salary which significantly exceeds ECGS guidelines according to which the maximum annual bonus should not exceed 150% of base salary. Furthermore, pension benefits are insufficiently disclosed.  We note that the Company...

Andritz – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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