EANS-News: ANDRITZ GROUP: favorable business development in 2011

   

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Annual Reports


Graz (euro adhoc) - Graz, March 1, 2012.  International technology Group ANDRITZ
showed very satisfactory business development in the 2011 business year,
reaching record highs in order intake, sales, and earnings.

Sales amounted to 4,596.0 MEUR (+29.3% vs. 2010: 3,553.8 MEUR). This is mainly
attributable to the PULP & PAPER business area, which increased its sales by
67.9% to 1,855.9 MEUR (2010: 1,105.3 MEUR). The HYDRO, SEPARATION, and METALS
business areas also noted a sales increase.

The order intake of the Group reached 5,706.9 MEUR (+38.1% vs. 2010: 4,131.9
MEUR). This was mainly due to the receipt of three large orders in the PULP &
PAPER and HYDRO business areas.

The order backlog as of end of 2011 amounted to 6,683.1 MEUR (+26.3% vs.
December 31, 2010: 5,290.9 MEUR).

The EBITA increased in line with sales by 28.7% to 331.5 MEUR (2010: 257.6
MEUR). Thus, the EBITA margin, at 7.2%, was unchanged compared to 2010 (7.2%). 

The net income of the Group (excluding non-controlling interests) amounted to
230.7 MEUR (2010: 179.6 MEUR).

The balance sheet structure as of December 31, 2011 continued to be solid: The
equity ratio was 20.6% (December 31, 2010: 19.7%). Gross cash (cash and cash
equivalents plus marketable securities plus loans against borrowers´ notes)
amounted to 1,814.5 MEUR (December 31, 2010: 1,594.7 MEUR); the net liquidity
(gross cash plus fair value of interest rate swaps minus financial liabilities),
at 1,400.6 MEUR, was also significantly higher compared to previous year´s
reference figure (December 31, 2010: 1,177.0 MEUR).

At the coming Annual General Meeting, the Executive Board will propose to
increase the dividend to 2.20 EUR per share (2010: 1.70 EUR), corresponding with
a payout ratio of almost 50%.

Wolfgang Leitner, President and CEO of ANDRITZ AG, says about the expectations
for the 2012 business year: "In spite of the uncertain general economic
conditions, we currently see solid project activity overall in the markets we
serve - apart from single major projects that are difficult to forecast." On the
basis of these expectations and the high order backlog, the ANDRITZ GROUP
expects an increase in sales and net income in 2012 compared to 2011.

- End -

Important key financial figures of the ANDRITZ GROUP at a glance


(Acc. to IFRS; in MEUR)  2011      2010      +/-      Q4 2011   Q4 2010   +/-
Sales                    4,596.0   3,553.8   +29.3%   1,411.8   1,095.0   +28.9%
 HYDRO                   1,772.9   1,579.2   +12.3%     549.9     491.5   +11.9%
 PULP & PAPER            1,855.9   1,105.3   +67.9%     582.8     337.6   +72.6%
 SEPARATION                448.9     375.4   +19.6%     131.7     129.8    +1.5%
 METALS                    372.7     340.2    +9.6%     109.3      93.9   +16.4%
 FEED & BIOFUEL            145.6     153.7    -5.3%      38.1      42.2    -9.7%

Order intake             5,706.9   4,131.9   +38.1%     808.3     896.1    -9.8%
 HYDRO                   2,096.2   1,870.1   +12.1%     283.5     328.7   -13.8%
 PULP & PAPER            2,664.3   1,388.4   +91.9%     313.8     312.5    +0.4%
 SEPARATION                468.6     424.3   +10.4%      94.9     113.4   -16.3%
 METALS                    318.6     302.7    +5.3%      64.8     106.0   -38.9%
 FEED & BIOFUEL            159.2     146.4    +8.7%      51.3      35.5   +44.5%

Order backlog
(as of end of period)    6,683.1   5,290.9   +26.3%   6,683.1   5,290.9   +26.3%

EBITDA                     386.2     307.3   +25.7%     124.9     105.2   +18.7%
EBITDA margin               8.4%      8.6%      -        8.8%      9.6%      -

EBITA                      331.5     257.6   +28.7%     110.1      92.7   +18.8%
EBITA margin                7.2%      7.2%      -        7.8%      8.5%      -

Earnings Before 
Interest and Taxes(EBIT)   312.7     245.5   +27.4%     104.8      89.2   +17.5%

Financial result             9.0       2.4  +275.0%       1.8      -1.4  +228.6%

Earnings Before 
Taxes (EBT)                321.7     247.9   +29.8%     106.6      87.8   +21.4%

Net income 
(excluding non-
controlling interests)     230.7     179.6   +28.5%      80.2      65.0   +23.4%

Cash flow from
operating activities       433.8     704.5   -38.4%      93.9     210.3   -55.3%

Investments in fixed 
tangible and intangible
assets                      77.0      68.8   +11.9%      35.3      32.1   +10.0%

Employees 
(as of end of period)     16,750    14,655   +14.3%    16,750    14,655   +14.3%


The ANDRITZ GROUP
International technology Group ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper industry,
solid-liquid separation in the municipal and industrial sectors, the steel
industry, and the production of animal feed and biomass pellets. In addition,
ANDRITZ offers technologies for certain other sectors including automation,
pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass
boilers and gasification plants for energy generation, flue gas cleaning plants,
plants for the production of panelboards (MDF), thermal sludge utilization, and
torrefaction plants. The publicly listed company is headquartered in Graz,
Austria, has a staff of approximately 16,700 employees, and operates over 180
production sites as well as service and sales companies all around the world.

Annual report and financial report
The annual report and annual financial report of the ANDRITZ GROUP are available
online and as PDF for download at the www.andritz.com. Print versions can be
requested by e-mail: investors@andritz.com.

Disclaimer
Certain statements contained in this press release constitute "forward-looking
statements." These statements, which contain the words "believe", "intend",
"expect", and words of a similar meaning, reflect the Executive Board´s beliefs
and expectations and are subject to risks and uncertainties that may cause
actual results to differ materially. As a result, readers are cautioned not to
place undue reliance on such forward-looking statements. The company disclaims
any obligation to publicly announce the result of any revisions to the
forward-looking statements made herein, except where it would be required to do
so under applicable law.


Further inquiry note:
Dr. Michael Buchbauer
Head of Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465
mailto:michael.buchbauer@andritz.com

end of announcement                               euro adhoc 
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company:     Andritz AG
             Stattegger Straße 18
             A-8045 Graz
phone:       +43 (0)316 6902-0
FAX:         +43 (0)316 6902-415
mail:     welcome@andritz.com
WWW:      www.andritz.com
sector:      Machine Manufacturing
ISIN:        AT0000730007
indexes:     WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien 
language:   English