EANS-News

ANDRITZ GROUP: Results for the first quarter of 2016

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

quarterly report

Graz, May 4, 2016. International technology Group ANDRITZ saw a solid
development of profitability in the first quarter of 2016 despite
slight declines in sales and order intake.

The key financial figures developed as follows:

* Sales amounted to 1,285.6 million euros (MEUR) and were thus lower
than the reference figure for the previous year (-8.5% versus Q1
2015: 1,404.3 MEUR). All business areas recorded a decline in
sales.

* Order intake, at 1,247.4 MEUR, reached a satisfactory level,
however, it was 12.8% below the reference figure of the previous
year (Q1 2015: 1,430.6 MEUR). While the PULP & PAPER business area
in particular and also SEPARATION were able to increase order
intake compared to Q1 2015, HYDRO and METALS saw a significant
decline in order intake.

* Order backlog as of March 31, 2016 amounted to 7,147.6 MEUR, thus
decreasing slightly compared to the end of last year (December 31,
2015: 7,324.2 MEUR).

* Despite the decline in sales, EBITA increased to 83.9 MEUR (Q1
2015: 73.4 MEUR). This is due to the very positive development in
the PULP & PAPER and HYDRO business areas. Thus, profitability of
the Group (EBITA margin) increased to 6.5% (Q1 2015: 5.2%).

* Net income without non-controlling interests increased to 52.5 MEUR
(Q1 2015: 44.0 MEUR).

The situation on the markets served by ANDRITZ basically has not
changed compared to 2015. While unchanged good project and investment
activity prevails in the PULP & PAPER business area, several projects
in HYDRO and METALS have been stopped temporarily or delayed due to
uncertain demand. Based on the business results achieved in the first
quarter of 2016, ANDRITZ expects Group sales for 2016 to decrease
slightly compared to 2015. At the same time, however, profitability
is expected to remain at a solid level.

- End -

Key financial figures at a glance

Unit Q1 2016 Q1 2015 +/- 2015
Sales MEUR 1,285.6 1,404.3 -8.5% 6,377.2
HYDRO MEUR 367.9 407.9 -9.8% 1,834.8
PULP & PAPER MEUR 457.6 480.5 -4.8% 2,196.3
METALS MEUR 333.0 377.1 -11.7% 1,718.1
SEPARATION MEUR 127.1 138.8 -8.4% 628.0

Order intake MEUR 1,247.4 1,430.6 -12.8% 6,017.7
HYDRO MEUR 252.0 447.0 -43.6% 1,718.7
PULP & PAPER MEUR 545.6 462.4 +18.0% 2,263.9
METALS MEUR 299.3 384.9 -22.2% 1,438.6
SEPARATION MEUR 150.5 136.3 +10.4% 596.5

Order backlog