EANS-Adhoc: ANDRITZ: Financial provisions for continuation of Schuler's growth and strategy project

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30.10.2013

Graz, October 30, 2013. ANDRITZ AG announces ad hoc that financial
provisions totaling around 50 million euros have been made in
connection with continuation of the growth and strategy project
"Growing Together" initiated by the Schuler Group, Germany, in 2011
for integration of the Müller-Weingarten company; 35 million euros of
this amount will be booked this year and the remaining 15 million
euros in the course of next year. The focus of the operational
measures planned by Schuler is directed towards concentration on core
competencies in manufacturing, expanding service business, and
strengthening the company's presence in growth markets, particularly
in emerging markets.

These necessary measures, which will yield annual cost savings
between 15 and 20 million euros after their implementation, are a
continuation of the steps already taken to prepare Schuler's
organization and cost structure for the market requirements in terms
of earnings and growth. As far as organizational measures are
concerned, Schuler recently downsized its management board from five
to four members and will also substantially reduce the number of
second-level managers in Germany. In addition, various ways of
streamlining the Group structure, which has become very complex over
the past few years as a result of company acquisitions, are currently
being investigated, especially in Germany.

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Press release available for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.

The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants, equipment, and services for hydropower stations, the pulp and
paper industry, the metalworking and steel industries, and
solid/liquid separation in the municipal and industrial sectors. In
addition, ANDRITZ offers technologies for certain other sectors
including automation, the production of animal feed and biomass
pellets, 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 biomass
torrefaction plants. The publicly listed, international technology
Group is headquartered in Graz, Austria, and has a staff of around
23,900 employees. ANDRITZ operates over 220 production sites as well
as service and sales companies all around the world.

Further inquiry note:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com

end of announcement euro adhoc
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issuer: 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