euro adhoc: Andritz AG / other / Andritz Group announces long-term company targets at Capital Market Days 2008

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21.10.2008

Graz, October 21, 2008. On the occasion of the Andritz Capital Market
Days 2008, Wolfgang Leitner, President & CEO of Andritz AG, today
announced the long-term targets for the international technology
Group up to 2010/2011, and confirmed the guidance for 2008: `From
today´s perspective, we expect sales to rise to approximately 3.5
billion Euros and EBITA margin to increase compared to 2007. The
actual extent of the increase depends on the further development of
the global financial and economic crisis and its impact on our
customers and - consequently - ourselves,´ Leitner said.

The Andritz Group´s declared sales target for 2010/2011 is 4.5
billion Euros. Achievement of this target is also dependent on the
future development of the global economy and Andritz´s success in
acquiring further companies. `Given our cash position of about 800
million Euros, the current financial crisis can also provide
opportunities for Andritz to acquire interesting companies at very
attractive terms", Leitner said, but did not mention potential
acquisition targets.

Along with the growth in sales, Andritz also aims to increase
profitability. `The goal for the Andritz Group is to achieve a
sustainable EBITA margin averaging 7% over the economic cycle, with
the target to reach 8% at the economic peak. Whether Andritz will
already be able to improve the margin in 2009 cannot be predicted at
this stage, given the current difficult economic environment. The
solid order backlog and the high sales contributions from business
areas that are likely to be less affected by the general economic
situation should help to mitigate, even if they cannot entirely
prevent, the impact Andritz may feel from a possible severe economic
slowdown,´ Leitner said.

With regard to dividend payments, Andritz intends to maintain its
policy of continuity. After increasing the payout ratio to almost 40%
for the 2007 business year, Andritz aims to gradually raise the
payout ratio to approximately 50% in the coming years. With a
dividend payment of 1.00 Euro per share for 2007, Andritz currently
offers an attractive dividend yield of almost 5.9%.

- End -

The Andritz Group The Andritz Group is a global market leader in the
supply of customized plants, systems, and services for the pulp and
paper industry, the hydropower industry, the steel industry, and
other specialized industries (solid/liquid separation, feed, and
biofuel). Headquartered in Graz, Austria, the Group has about 12,900
employees worldwide. It manufactures and sells its products and
services globally.

end of announcement euro adhoc
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ots Originaltext: Andritz AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Dr. Michael Buchbauer

Head of Investor Relations

Tel.: +43 316 6902 2979

Fax: +43 316 6902 465

mailto:michael.buchbauer@andritz.com

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wiener Börse AG / official dealing