All Stories
Subscribe to Andritz AG

Andritz AG

EANS-Adhoc: ANDRITZ expects increase in sales in 2020 ? however with only stable earnings

  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.

Company Information

Graz - NOVEMBER 27, 2019. Within the framework of the now completed budget-
planning process, international technology Group ANDRITZ announces its financial
guidance for the business year 2020.

Group sales are expected to increase compared to 2019 due to the high order
backlog. Sales of the pulp and paper business in particular are expected to
increase significantly due to the processing of some larger orders.

In spite of the increase in sales, the Group's EBITA excluding extraordinary
items is expected to only reach a similar amount as in 2019.

The major influencing factors for the earnings forecast include a higher
proportion of sales from large low-margin projects in the Pulp & Paper business
area and continued weak earnings development in the Metals business area caused
by the continuing difficult situation in the automotive industry. The previously
announced restructuring measures of the Metals business area are proceeding
according to plan. The results will, however, only be reflected in the earnings
at a notable level not before the end of 2020.

Profitability of the Hydro business area is expected to remain at an unchanged
stable and solid level. For the Separation business area, an improvement in
earnings and profitability is planned for 2020.

- End -

ANDRITZ is an international technology group providing plants, systems,
equipment, and services for various industries. The company is one of the
technology and global market leaders in the hydropower business, the pulp and
paper industry, the metal working and steel industries, and in solid/liquid
separation in the municipal and industrial segments. Other important fields of
business are animal feed and biomass pelleting, as well as automation, where
ANDRITZ offers a wide range of innovative products and services in the IIoT
(Industrial Internet of Things) sector under the brand name of Metris. In
addition, the company is active in power generation (steam boiler plants,
biomass power plants, recovery boilers, and gasification plants) and
environmental technology (flue gas and exhaust gas cleaning plants) and offers
equipment for the production of nonwovens, dissolving pulp, and panelboard, as
well as recycling plants.

ANDRITZ stands for passion, partnership, perspectives and versatility - core
values to which the company is committed. The listed Group is headquartered in
Graz, Austria. With almost 170 years of experience, 29,700 employees, and more
than 280 locations in over 40 countries worldwide, ANDRITZ is a reliable and
competent partner and helps its customers to achieve their corporate and
sustainability goals.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, Corporate Communications & Investor Relations
Tel.: +43 316 6902 2979
Fax: +43 316 6902 465

end of announcement                         euro adhoc

issuer:       Andritz AG
              Stattegger Straße 18
              A-8045 Graz
phone:        +43 (0)316 6902-0
FAX:          +43 (0)316 6902-415
ISIN:         AT0000730007
indexes:      WBI, ATX
stockmarkets: Wien
language:     English

Original content of: Andritz AG, transmitted by news aktuell

More stories: Andritz AG
More stories: Andritz AG