EANS-News

ANDRITZ GROUP: favorable business development in the third quarter of 2015

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quarterly report

Graz, November 6, 2015. In the third quarter of 2015, international
technology Group ANDRITZ showed a favorable business development:

- Sales amounted to 1,583.5 MEUR in the third quarter of 2015 and
were thus 8.2% higher than the figure in the third quarter of 2014
(1,463.5 MEUR), with all four business areas increasing their
sales. In the first three quarters of 2015, Group sales rose by
11.3% to 4,589.1 MEUR compared to last year's reference period
(Q1-Q3 2014: 4,122.9 MEUR).

- The order intake in the third quarter of 2015, at 1,187.6 MEUR, was
25.4% below the high figure for the previous year's reference
period (Q3 2014: 1,591.5 MEUR), which included some large orders in
the PULP & PAPER and METALS business areas. In connection with the
decline in order intake it has to be mentioned that the large order
awarded to ANDRITZ by Fibria in July 2015 to supply equipment for a
new pulp mill in Brazil was booked in the fourth quarter of 2015;
typical order values of comparable projects are about 600 MEUR. In
the first three quarters of 2015, the order intake amounted to
3,767.6 MEUR and was thus 17.6% below the high previous year's
reference figure (Q1-Q3 2014: 4,571.6 MEUR).

- Earnings of the ANDRITZ GROUP developed favorably. In the third
quarter of 2015, EBITA rose to 110.1 MEUR, which is an increase of
9.0% compared to the previous year's reference figure (Q3 2014:
101.0 MEUR). The EBITA margin amounted to 7.0% (Q3 2014: 6.9%). As
announced at the end of August 2015, around 55 MEUR of financial
provisions were booked in the reporting period for optimization of
the value chain at Schuler. These provisions were partly offset by
project-related one-off improvements in the amount of approximately
30 MEUR in the PULP & PAPER business area. After adjustment of these
extraordinary effects, the Group's EBITA amounted to 135.1 MEUR and
the EBITA margin to 8.5% in the third quarter of 2015. Earnings
also increased substantially in the first three quarters of 2015.
At 295.0 MEUR, the EBITA was 25.9% higher than the figure for the
previous year's reference period (Q1-Q3 2014: 234.4 MEUR), while
the EBITA margin amounted to 6.4% (Q1-Q3 2014: 5.7%). Excluding the
extraordinary effects booked in the third quarter of 2015, the
EBITA increased to 320.0 MEUR and the EBITA margin to 7.0%.