EANS-News

ANDRITZ GROUP: Results for the first quarter of 2017

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quarterly report

Graz, May 4, 2017. International technology group ANDRITZ saw solid
business development in the first quarter of 2017, with increases in
order intake, sales, earnings, and profitability.

The key financial figures developed as follows:

- Due to significant increases in the PULP & PAPER and METALS
business areas, sales rose to 1,386.2 million euros (MEUR) and were
thus 7.8% higher than the figure for the previous year's reference
period (Q1 2016: 1,285.6 MEUR).

- At 1,560.0 MEUR, order intake reached a favorable level and was
25.1% higher than the low reference figure for the previous year
(Q1 2016: 1,247.4 MEUR). All business areas - above all PULP &
PAPER and METALS - saw increases in order intake compared to the
previous year's reference period.

- The order backlog as of March 31, 2017 amounted to 6,974.2 MEUR and
has thus risen slightly compared to the end of 2016 (December 31,
2016: 6,789.2 MEUR).

- The EBITA amounted to 97.4 MEUR (+16.1% vs. Q1 2016: 83.9 MEUR) and
thus increased more than sales. This positive development is
attributable above all to the PULP & PAPER, METALS, and SEPARATION
business areas. As a result, the Group's profitability (EBITA
margin) increased to 7.0% (Q1 2016: 6.5%).

- Net income without non-controlling interests increased to 63.0 MEUR
(Q1 2016: 52.5 MEUR).

Outlook for 2017: Expectations for development of the markets served
by ANDRITZ have not changed substantially compared to estimates made
by end of 2016. While cautious investment activity is expected to
remain in the HYDRO sector, particularly in Europe, and a
continuation of the moderate market development is also anticipated
in the SEPARATION business area, a solid market environment is
expected for the PULP & PAPER business area despite somewhat weaker
project activity in South America. Unchanged satisfactory project
activity is also expected for the METALS business area. Wolfgang
Leitner, President & CEO of ANDRITZ AG: "We are very satisfied with
business development during the first quarter of 2017 and continue to
expect both sales and profitability for the full year in 2017 to at
least remain unchanged compared to 2016."

- End -

Key financial figures at a glance

Unit Q1 2017 Q1 2016 +/- 2016
Sales MEUR 1,386.2 1,285.6 +7.8% 6,039.0