euro adhoc: Andritz AG / Financial Figures/Balance Sheet / Andritz: Results for Q1-Q3 2008 - Increases in order intake, sales, and net income - Net liquidity, at approximately 529 MEUR, reached re

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9-month report

07.11.2008

Graz, November 7, 2008. International technology Group Andritz
reached increases in order intake, sales, and net income during the
first three quarters of 2008 compared to the previous year´s
reference period. As of September 30, 2008, order backlog amounted to
over 4.5 bn. EUR, thus providing a solid workload for the coming
months. For the full year 2008, the Andritz Group continues to expect
its sales to rise to 3.5 bn. EUR and net income to increase compared
to 2007.

Increase in sales Sales of the Andritz Group during the first three
quarters of 2008 amounted to 2,538.9 MEUR, an increase of 10.4%
compared to the reference period of last year (Q1-Q3 2007: 2,299.6
MEUR). In particular, the Rolling Mills & Strip Processing Lines and
the Hydro Power business areas achieved strong increases in sales
compared to the previous year.

Increase in order intake, high order backlog Despite the global
financial and economic crisis, order intake developed solidly during
the first three quarters of 2008. At 2,900.4 MEUR, it was 9.4% above
the very high level of the reference period of last year (Q1-Q3 2007:
2,651.9 MEUR); in particular, the Hydro Power and the Rolling Mills &
Strip Processing Lines business areas increased their order intakes
compared to the reference period of last year. The Andritz Group´s
order intake in the third quarter of 2008 developed very positively.
At 771.7 MEUR, it increased by 25.6% compared to the third quarter of
2007 (614.4 MEUR).

Order backlog as of September 30, 2008 amounted to 4,558.1 MEUR, an
increase of 22.5% compared to the value at the reference date of last
year (September 30, 2007: 3,722.4 MEUR). Thus, the Andritz Group has
a solid workload for the coming months.

Increase in earnings The Group´s EBITA for the first three quarters
of 2008 amounted to 158.0 MEUR. This is an increase of 13.7% compared
to the first three quarters of 2007 (139.0 MEUR), thus showing a
stronger growth than sales. As a result, the Group´s EBITA margin
improved to 6.2% in the first three quarters of 2008 (Q1-Q3 2007:
6.0%). Especially the Hydro Power business area showed a very
favorable earnings development.

Net income excluding minority interests amounted to 105.5 MEUR in the
first three quarters of 2008, exceeding last year´s reference value
by 9.3% (Q1-Q3 2007: 96.5 MEUR).

Solid balance sheet structure Total assets as of September 30, 2008
increased to 3,074.2 MEUR (December 31, 2007: 2,507.5 MEUR). This
increase is mainly due to the first-time inclusion of the companies
acquired in 2008 and the successful issue of a 150 MEUR public
corporate bond, in February 2008. This bond (tenor: seven years,
fixed coupon: 5.25% p.a.) replaces the 100 MEUR corporate bond
(tenor: six years, fixed coupon: 6.0% p.a.), which was redeemed at
the beginning of June 2008.

The equity ratio as of September 30, 2008 amounted to 18.2% (December
31, 2007: 19.2%).

Liquid funds (cash and cash equivalents plus marketable securities)
amounted to 930.9 MEUR as of September 30, 2008. Net liquidity
(liquid funds minus financial liabilities) increased to 528.5 MEUR
and was thus significantly higher than at the end of last year
(December 31, 2007: 246.5 MEUR).

Outlook for the Andritz Group Andritz confirms its sales and earnings
guidance for the full year 2008 and expects Group sales to rise to
approximately 3.5 bn. EUR and profitability (EBITA margin) to rise in
comparison to 2007.

Given the continued uncertainty with regard to the future development
of the global economy and particularly the short-term effects of the
financial crisis on the real economy, and on the industries served by
Andritz in particular, it is not possible, at this moment in time, to
provide a profound guidance regarding the sales and earnings
development of the Andritz Group in 2009. ´The solid order backlog
and the high share of sales from areas that are likely to be less
affected by the general economic situation, such as Hydro Power,
Service, and Feed & Biofuel, should help to cushion, even if they
cannot entirely prevent, the negative impact Andritz may feel from a
possible severe economic slowdown,´ says Wolfgang Leitner, President
and CEO of Andritz AG.

- End -

Key figures of the Andritz Group for the first three quarters of 2008

in MEUR (IFRS) Q1-Q3 2008 Q1-Q3 2007 +/- Q3 2008 Q3 2007 +/-

Order intake 2,900.4 2,651.9 +9.4% 771.7 614.4 +25.6%
Order backlog
(as of end of period) 4,558.1 3,722.4 +22.5% 4,558.1 3,722.4 +22.5%
Sales 2,538.9 2,299.6 +10.4% 888.9 762.6 +16.6%
EBITDA1) 192.4 169.1 +13.8% 68.4 61.2 +11.8%
EBITDA margin (%) 7.6 7.4 - 7.7 8.0 -
EBITA2) 158.0 139.0 +13.7% 56.1 51.6 +8.7%
EBITA margin (%) 6.2 6.0 - 6.3 6.8 -
Earnings before
interest and
taxes(EBIT) 151.5 134.6 +12.6% 52.7 50.2 +5.0%
EBIT margin (%) 6.0 5.9 - 5.9 6.6 -
Earnings before
taxes (EBT) 156.2 137.9 +13.3% 55.7 50.3 +10.7%
Net income 110.0 98.8 +11.3% 38.0 35.8 +6.1%
Net income excl.
minority interests 105.5 96.5 +9.3% 35.6 34.9 +2.0%
Cash flow from
operating
activities 309.2 16.3 +1,796.9% 183.0 -18.3 +1,100.0%
Capital
expenditure3) 42.2 32.1 +31.5% 14.5 9.0 +61.1%
Employees
(as of end of period) 13,225 11,200 +18.1% 13,225 11,200 +18.1%

1)EBITDA: Earnings before interest, taxes, depreciation, and
amortization 2)EBITA: Earnings before interest, taxes, amortization
of identifiable assets acquired in a business combination and
recognized separately from goodwill at the amount of 4,835 TEUR for
Q1-Q3 2008 (4,443 TEUR for Q1-Q3 2007 and 5,967 TEUR for 2007) and
impairment of goodwill of 1,663 TEUR (2007: 2,771 TEUR). 3)Capital
expenditure: additions to property, plant, and equipment and
intangible assets

The financial report for the first three quarters of 2008 is
available on the Andritz website at www.andritz.com as an online and
pdf version. Printed copies of the financial report can be requested
by telephone (+43 316/6902-2722), fax (+43 316/6902-465) or e-mail
(petra.wolf@andritz.com).

The Andritz Group The Andritz Group is a global market leader in the
supply of customized plants, systems, and services for the pulp and
paper industry, the hydropower industry, the steel industry, and
other specialized industries (solid/liquid separation, feed, and
biofuel). Headquartered in Graz, Austria, the Group has about 13,200
employees worldwide. It manufactures and sells its products and
services globally.

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.

end of announcement euro adhoc
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ots Originaltext: Andritz AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Michael Buchbauer

Head of Investor Relations

Tel.: +43 316 6902 2979

Fax: +43 316 6902 465

mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing