EANS-News: Results third quarter 2012 and first three quarters 2012: ANDRITZ GROUP with solid business development

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quarterly report

Graz (euro adhoc) - Graz, November 6, 2012. International technology
Group ANDRITZ showed solid business development during the third
quarter of 2012 and the first three quarters of 2012:

- In the third quarter of 2012, sales amounted to 1,265.5 MEUR, which
is an increase of 7.9% compared to last year's reference figure (Q3
2011: 1,173.1 MEUR). With the exception of the SEPARATION business
area, all business areas noted increases in sales. In the first
three quarters of 2012, sales, at 3,703.3 MEUR, rose by 16.3%
compared to the previous year's reference period (Q1-Q3 2011:
3,184.2 MEUR).

- The order intake saw a very satisfactory development in the third
quarter of 2012. At 1,238.8 MEUR, it was only slightly below the
high level of last year's reference period (Q3 2011: 1,254.1 MEUR),
which included a large order in the amount of approximately 330
MEUR in the HYDRO business area. In the first three quarters of
2012, order intake amounted to 3,793.2 MEUR and was thus 22.6%
below the extraordinarily high level of the previous year's
reference period (Q1-Q3 2011: 4,898.6 MEUR), which included two
large orders in the PULP & PAPER business area amounting to around
1,100 MEUR in addition to the large order mentioned above (HYDRO:
330 MEUR).

- The order backlog as of September 30, 2012 amounted to 6,929.8 MEUR
(+3.7% vs. December 31, 2011: 6,683.1 MEUR).

- EBITA amounted to 86.5 MEUR in the third quarter of 2012 and thus
almost reached the previous year's reference figure (-3.7 % vs. Q3
2011: 89.8 MEUR). The EBITA margin declined to 6.8% (Q3 2011:
7.7%). This decline is mainly attributable to the PULP & PAPER
business area (execution of large orders) and the SEPARATION
business area (cost overruns at some projects and investments in
the expansion of business activities in the emerging markets). The
EBITA in the first three quarters of 2012, at 242.1 MEUR, increased
by 9.3% compared to the reference period of the previous year
(Q1-Q3 2011: 221.4 MEUR). The EBITA margin amounted to 6.5% (Q1-Q3
2011: 7.0%).

- Net income (excluding non-controlling interests) increased to 167.2
MEUR during the first three quarters of 2012 (+11.1% vs. Q1-Q3
2011: 150.5 MEUR).

- The net worth position and capital structure as of September 30,
2012 remained solid. The total assets increased to 5,103.7 MEUR
(December 31, 2011: 4,566.6 MEUR). This increase is attributable
primarily to the successful issue of a corporate bond with a volume
of 350 MEUR (tenor: seven years). Thus, the equity ratio declined
to 19.4% (December 31, 2011: 20.6%). The net liquidity amounted to
1,286.4 MEUR (December 31, 2011: 1,400.6 MEUR).

Commenting on the outlook for the 2012 business year, President and
CEO Wolfgang Leitner says: "Although there is perceptible caution in
investment activity in the industries served by ANDRITZ due to the
very difficult overall economic environment, the overall project
activity is satisfactory. However, the visibility of upcoming
projects and the award of orders have shortened significantly,
particularly for large-scale investments."

For the fully year of 2012, the ANDRITZ GROUP expects an increase in
sales to approximately 5 billion EUR. The net income is also expected
to rise compared to last year. However, if the global economy should
deteriorate further in the coming months, this may have a negative
impact on the Group's earnings.

- End -

Key financial figures of the ANDRITZ GROUP

Acc. to IFRS; MEUR Q1-Q3 2012 Q1-Q3 2011 +/- Q3 2012 Q3 2011 +/-
Sales 3,703.3 3,184.2 +16.3% 1,265.5 1,173.1 +7.9%
HYDRO 1,245.7 1,223.0 +1.9% 438.7 417.9 +5.0%
PULP & PAPER* 1,724.8 1,293.9 +33.3% 561.1 499.7 +12.3%
SEPARATION* 304.7 296.4 +2.8% 104.2 117.3 -11.2%
METALS 294.4 263.4 +11.8% 117.7 101.3 +16.2%
FEED & BIOFUEL 133.8 107.5 +24.5% 43.9 36.9 +19.0%

Order intake 3,793.2 4,898.6 -22.6% 1,238.8 1,254.1 -1.2%
HYDRO 1,504.6 1,812.7 -17.0% 391.4 715.6 -45.3%
PULP & PAPER* 1,523.3 2,372.1 -35.8% 542.1 318.4 +70.3%
SEPARATION* 365.9 352.0 +3.9% 106.5 115.0 -7.4%
METALS 270.8 253.8 +6.7% 159.5 70.7 +125.6%
FEED & BIOFUEL 128.6 107.9 +19.2% 39.3 34.3 +14.6%

Order backlog (as
(of end of period) 6,929.8 7,325.0 -5.4% 6,929.8 7,325.0 -5.4%

EBITDA 286.1 261.3 +9.5% 101.4 104.3 -2.8%
EBITDA margin 7.7% 8.2% - 8.0% 8.9% -

EBITA 242.1 221.4 +9.3% 86.5 89.8 -3.7%
EBITA margin 6.5% 7.0% - 6.8% 7.7% -

Earnings Before
Interest and
Taxes (EBIT) 224.0 207.9 +7.7% 80.9 84.8 -4.6%

Financial result 7.0 7.2 -2.8% 0.3 3.2 -90.6%

Earnings Before
Taxes (EBT) 231.0 215.1 +7.4% 81.2 88.0 -7.7%

Net income (excl.
non-controlling
interests) 167.2 150.5 +11.1% 58.5 62.0 -5.6%

Cash flow
from operating
activities 219.2 339.9 -35.5% 99.8 133.1 -25.0%

Investments in
fixed tangible
and intangible
assets 52.3 41.7 +25.4% 17.8 18.2 -2.2%

Employees (as of
(end of period) 17,686 16,692 +6.0% 17,686 16,692 +6.0%

* At the beginning of 2012, there was a minor product shift from the
SEPARATION to the PULP & PAPER business area. Comparison figures for
2011 have been adjusted accordingly in both business areas.

Due to the utilization of automatic calculation programs, differences
can arise in the addition of rounded totals and percentages.

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 17,700 employees, and
operates over 180 production sites as well as service, and sales
companies all around the world.

Annual and financial reports Annual reports and financial reports of
the ANDRITZ GROUP are available at www.andritz.com as online and pdf
versions. Printed copies can be requested at 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