EANS-News

ANDRITZ GROUP: Results for the first half of 2017

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Mid Year Results

Graz -
August 4, 2017. International technology Group ANDRITZ saw satisfactory business
development in the first half of 2017. The key financial figures developed as
follows:

* Sales amounted to 2,779.0 MEUR in the first half of 2017 and were thus at
practically the same level as in the previous year's reference period (+0.6%
compared to H1 2016: 2,761.2 MEUR). Sales in the second quarter of 2017
dropped by 5.6% compared to the previous year to 1,392.8 MEUR (Q2 2016:
1,475.6 MEUR).

* The order intake increased - due to the very strong first quarter - in the
first half of 2017 to 2,771.3 MEUR and was thus 8.0% higher than in the
previous year's reference period (H1 2016: 2,566.4 MEUR). The PULP & PAPER
business area, in particular, achieved a substantial increase in order intake
that more than compensated the decline in order intake in the HYDRO business
area. In the second quarter of 2017, the order intake of 1,211.3 MEUR was 8.2%
below the level of the previous year's reference period (Q2 2016: 1,319.0
MEUR). The reason for this decrease was the lower order intake due to market
conditions in the HYDRO business area and a decline in the metal forming
sector, which achieved an extraordinarily high order intake in the previous
year's reference period.

* The order backlog as of June 30, 2017, amounted to 6,849.1 MEUR (+0.9%
compared to December 31, 2016: 6,789.2 MEUR).

* The EBITA in the first half of 2017 was positively impacted by a one-off
effect in the amount of around 25 MEUR, which resulted mainly from the sale of
Schuler's technical center in Tianjin, China; it reached 207.3 MEUR and was
thus significantly higher than the figure for the previous year's reference
period (+13.3% compared to H1 2016: 183.0 MEUR). As a result, profitability
(EBITA margin) increased to 7.5% (H1 2016: 6.6%). Excluding this one-off
effect, profitability would have remained unchanged compared to the previous
year at 6.6%. In the second quarter of 2017, the EBITA amounted to 109.9 MEUR
(+10.9% compared to Q2 2016: 99.1 MEUR).

* The net income (without non-controlling interests) increased in the first half
of 2017 to 130.8 MEUR (H1 2016: 120.2 MEUR).

Wolfgang Leitner, President & CEO of ANDRITZ AG: "We are satisfied overall with
developments in the first half of the year, even though we were not able to