EANS-Adhoc: ANDRITZ: results for the first quarter of 2009 - Increase in sales, slight decrease in earnings - Order intake below the previous year´s high value - Good order backlog at approx. 4

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quarterly report

07.05.2009

Graz, May 7, 2009. International technology Group ANDRITZ increased
its sales during the first quarter of 2009 in comparison with last
year´s reference period, but in the face of the difficult economic
environment, earnings were down slightly, especially in the PULP &
PAPER business area. Order intake was lower than the previous year´s
high reference value. The Group´s order backlog, at approx. 4.5
billion Euros as of March 31, 2009, was solid and further increased
compared to the value as of end of December 2008. The ANDRITZ GROUP
continues to expect its sales to decline by about 15% in the full
year 2009 and its net income also to decrease versus the financial
year 2008.

Sales increase The ANDRITZ GROUP´S sales during the first quarter of
2009 amounted to 790.1 MEUR, an increase of 5.2% compared to the
reference quarter of last year (Q1 2008: 750.9 MEUR). The HYDRO,
METALS, and ENVIRONMENT & PROCESS business areas achieved increases
in their sales compared to the previous year. Sales of the PULP &
PAPER business area declined compared to last year´s reference
period, in particular due to the weak capital and modernization
business as a result of the global economic weakness.

Order intake below the previous year´s high value, good order backlog
In the face of the global financial and economic crisis, order intake
during the first quarter of 2009, at 981.4 MEUR, was solid, however
17.9% below the very high level of the reference period of last year
(Q1 2008: 1,195.7 MEUR). While the order intake of PULP & PAPER and
METALS was on the decline, the HYDRO business area achieved a
significant increase of its order intake compared to the reference
quarter of last year.

Order backlog as of March 31, 2009, amounted to 4,464.0 MEUR, an
increase of 4.4% compared to the value as of December 31, 2008. This
was in particular due to the favorable development of the HYDRO
business area.

Earnings below the last year´s reference values The ANDRITZ GROUP´S
EBITA during the first quarter of 2009 amounted to 43.7 MEUR, a
slight decrease of 4.0% compared to the reference quarter of last
year (Q1 2008: 45.5 MEUR). As a consequence, the GROUP´S EBITA margin
decreased to 5.5% (Q1 2008: 6.1%). This was mainly due to the
significant decline in earnings of the PULP & PAPER business area,
resulting from lower sales and lower capacity utilization, especially
in the capital investment business. However, the HYDRO and the
ENVIRONMENT & PROCESS business areas´ earnings increased in
comparison to the first quarter of 2008.

The financial result declined to -4.2 MEUR (Q1 2008: -0.5 MEUR). This
was mainly due to mark-to-market adjustments for money market funds
in connection with the global financial crisis.

Net income excluding minority interests amounted to 25.7 MEUR in the
first quarter of 2009, thus decreasing by 14.9% compared to last
year´s reference value (Q1 2008: 30.2 MEUR).

Solid balance sheet structure with high net liquidity Total assets as
of March 31, 2009, increased to 3,166.0 MEUR (December 31, 2008:
3,086.3 MEUR); the equity ratio amounted to 17.6% (December 31, 2008:
18.7%).

Liquid funds (Cash and cash equivalents plus Marketable securities)
amounted to 876.8 MEUR as of March 31, 2009 (December 31, 2008: 821.8
MEUR). The net liquidity (Liquid funds plus Fair value of interest
rate swaps minus Financial liabilities) increased to 457.8 MEUR and
was thus significantly higher than at the end of last year (December
31, 2008: 408.9 MEUR).

Outlook for the ANDRITZ GROUP ANDRITZ confirms its sales and earnings
guidance for the financial year 2009 published with the financial
figures for 2008 and expects sales to decline by approx. 15% and the
net income to decrease in comparison to 2008. ´The difficult overall
economic environment hasn´t changed during the past few months. The
likelihood of project realizations and therefore the development of
the order intake are very difficult to assess, especially in the PULP
& PAPER und METALS business areas. For the HYDRO business area, we
expect the good development to continue´, says Wolfgang Leitner,
President & CEO of ANDRITZ AG, and adds: ´Already in 2008, we started
to adapt our capacities in some areas, and therefore, from today´s
point of view, we are well equipped for this difficult environment.´

- End -

Key figures of the ANDRITZ GROUP at a glance

(According to IFRS) Unit Q1 2009 Q1 2008* +/- 2008

Sales MEUR 790.1 750.9 +5.2% 3,609.8
HYDRO MEUR 316.6 217.6 +45.5% 1,205.9
PULP & PAPER MEUR 233.7 319.1 -26.8% 1,326.6
METALS MEUR 135.0 113.2 +19.3% 566.2
ENVIRONMENT & PROCESS MEUR 70.8 66.3 +6.8% 366.6
FEED & BIOFUEL MEUR 34.0 34.7 -2.0% 144.5

Order intake MEUR 981.4 1,195.7 -17.9% 3,705.3
HYDRO MEUR 574.2 392.2 +46.4% 1,543.4
PULP & PAPER MEUR 164.7 417.3 -60.5% 1,033.8
METALS MEUR 123.6 244.5 -49.4% 611.5
ENVIRONMENT & PROCESS MEUR 84.3 99.0 -14.8% 361.2
FEED & BIOFUEL MEUR 34.6 42.7 -19.0% 155.4

Order backlog
as of end of period MEUR 4,464.0 4,321.4 +3.3% 4,277.4

EBITDA MEUR 56.2 56.6 -0.7% 278.2
EBITDA margin % 7.1 7.5 - 7.7

EBITA MEUR 43.7 45.5 -4.0% 233.2
EBITA margin % 5.5 6.1 - 6.5

Operating result (EBIT) MEUR 41.6 44.0 -5.5% 218.5

Financial result MEUR -4.2 -0.5 - -8.1

Earnings Before Taxes (EBT) MEUR 37.4 43.5 -14.0% 210.5

Net income (after minorities) MEUR 25.7 30.2 -14.9% 139.7

Cash flow from
operating activities MEUR 55.0 82.7 -33.5% 255.0

Investments in fixed tangible
and intangible assets MEUR 22.9 13.9 +64.7% 69.7

Employees
as of end of period - 13,600 12,284 +10.7% 13,707

*restated

The interim financial report for the first quarter of 2009 as well as
the annual and financial reports of the ANDRITZ GROUP are available
on the ANDRITZ website at www.andritz.com as an online and pdf
version. Printed copies can be requested by telephone
(+43.316.6902.2722), fax (+43.316.6902-465), or e-mail
(investors@andritz.com).

The ANDRITZ GROUP The ANDRITZ GROUP is a global market leader for
customized plants, process technologies, and services for the
hydropower, pulp and paper, metals, and other industries
(solid/liquid separation, feed and biofuel). The Group is
headquartered in Graz, Austria and has a staff of 13,600 employees
worldwide. ANDRITZ operates over 150 production sites, service, and
sales companies all around the world.

DISCLAIMER Certain statements contained in this press release
constitute `forward-looking statements.´ These statements, which
contain the words `believe´, `intend´, `expect´, and words of a
similar meaning, reflect the Executive Board´s beliefs and
expectations and are subject to risks and uncertainties that may
cause actual results to differ materially. As a result, readers are
cautioned not to place undue reliance on such forward-looking
statements. The Company disclaims any obligation to publicly announce
the result of any revisions to the forward-looking statements made
herein, except where it would be required to do so under applicable
law.

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 Group Treasury, Corporate Communications & 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