EANS-Adhoc: ANDRITZ: results for the first three quarters of 2009

--------------------------------------------------------------------------------
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------

quarterly report

06.11.2009

Graz, November 6, 2009. International technology Group ANDRITZ
showed a solid business development in the first three quarters of
2009 in a continuing difficult overall economic environment. Sales
amounted to 2,330.2 MEUR (-8.2% vs. Q1-Q3 2008: 2,538.9 MEUR), order
intake, at 2,554.9 MEUR, achieved a good level, although it was below
the over-proportionally high level of the previous year´s reference
period (-11.9% vs. Q1-Q3 2008: 2,900.4 MEUR). Order backlog as of
September 30, 2009, at approximately 4.5 bn. Euro, increased compared
to the value as of December 31, 2008. Net income excluding minority
interests amounted to 59.6 MEUR in the first three quarters of 2009
(Q1-Q3 2008: 105.4 MEUR). 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.

Decline in Group sales, HYDRO business area remains strong Sales of
the ANDRITZ GROUP in the third quarter of 2009 amounted to 756.1 MEUR
(-14.9 % vs. Q3 2008: 888.9 MEUR). While the HYDRO business area
achieved a significant increase in sales compared to the previous
year´s reference value, sales in the other business areas declined -
particularly in PULP & PAPER.

Group sales for the first three quarters of 2009 amounted to 2,330.2
MEUR, thus declining by 8.2% compared to the reference period of 2008
(Q1-Q3 2008: 2,538.9 MEUR).

Order intake for the third quarter of 2009 almost 10% up compared to
the previous year´s reference figure, solid order backlog Despite the
continuing difficult economic environment, the ANDRITZ GROUP´s order
intake showed a satisfactory development in the third quarter of
2009. At 842.2 MEUR, order intake increased by 9.1% compared to the
third quarter of 2008 (771.7 MEUR). Particularly, the PULP & PAPER
and the HYDRO business areas developed very favorably and achieved
increases compared to the reference period for the previous year.

In the first three quarters of 2009, order intake of the Group
amounted to 2,554.9 MEUR, thus 11.9% below the over-proportionally
high level of the previous year´s reference period (Q1-Q3 2008:
2,900.4 MEUR).

The order backlog as of September 30, 2009 amounted to 4,514.5 MEUR,
practically unchanged compared to the high level of the previous year
(September 30, 2008: 4,558.1 MEUR) and higher than the figure for
December 31, 2008 (4,277.4 MEUR).

Satisfactory profitability in Q3 2009 The EBITA of the ANDRITZ GROUP
was 45.5 MEUR for the third quarter of 2009, thus below the previous
year´s reference value (Q3 2008: 57.6 MEUR). Profitability (EBITA
margin), at 6.0%, remained at a solid level despite the decline in
sales (Q3 2008: 6.5%). The EBITA margin saw a particularly favorable
development in the HYDRO business area, but was also above the
previous year´s reference value in the METALS and the ENVIRONMENT &
PROCESS business areas.

The EBITA in the first three quarters of 2009 amounted to 102.0 MEUR
and was thus significantly below the previous year´s reference value
(Q1-Q3 2008: 162.1 MEUR). This is mainly due to restructuring
expenses of around 24 MEUR booked in the second quarter of 2009 and
to lower sales.

The financial result for the Group in the third quarter of 2009 was
mainly impacted by price gains of sold money market funds and
amounted to 9.5 MEUR (Q3 2008: 1.5 MEUR).

The net income excluding minority interests amounted to 59.6 MEUR for
the first three quarters of 2009 (Q1-Q3 2008: 105.4 MEUR).

Solid balance sheet structure, significant increase in liquid funds
The ANDRITZ GROUP continued to show a solid balance sheet structure
as of September 30, 2009. Total assets increased to 3,216.1 MEUR
(December 31, 2008: 3,086.3 MEUR), the equity ratio amounted to 18.7%
(December 31, 2008: 18.7%).

Liquid funds (Cash and cash equivalents plus Marketable securities)
amounted to 1,056.4 MEUR as of September 30, 2009 (December 31, 2008:
821.8 MEUR). The net liquidity (Liquid funds plus Fair value of
interest rate swaps minus Financial liabilities) increased
significantly, to 659.5 MEUR, thus higher than at the end of last
year (December 31, 2008: 408.9 MEUR).

Outlook for 2009 confirmed ANDRITZ confirms the sales and earnings
expectations for the full year of 2009, as published in the financial
report for 2008. The ANDRITZ GROUP continues to expect its sales to
decline by about 15% in the full year 2009 and its net income to
decrease versus the financial year 2008. Wolfgang Leitner, President
and CEO of ANDRITZ AG, comments: ´The results for the first three
quarters of 2009 are in line with our expectations. In the HYDRO
business area we expect the good investment activity to continue, in
the other business areas we see stabilized project activity at
current levels.´

Key figures of the ANDRITZ GROUP at a glance

(acc. to IFRS; in MEUR) Q1-Q3 2009 Q1-Q3 2008* +/- Q3 2009 Q3 2008* +/-
Sales 2,330.2 2,538.9 -8.2% 756.1 888.9 -14.9%
HYDRO 987.4 798.8 +23.6% 337.0 308,2 +9.3%
PULP & PAPER 671.2 981.4 -31.6% 205.4 311.3 -34.0%
METALS 351.9 412.2 -14.6% 108.3 144.2 -25.0%
ENVIRONMENT & PROCESS 227.7 239.8 -5.0% 75.9 89.3 -15.0%
FEED & BIOFUEL 92.0 106.7 -13.8% 29.5 35.7 -17.4%

Order intake 2,554.9 2,900.4 -11.9% 842.2 771.7 +9.1%
HYDRO 1,378.5 1,012.1 +36.2% 324.0 242.9 +33.4%
PULP & PAPER 604.4 955.5 -36.7% 301.6 244.0 +23.6%
METALS 261.7 534.6 -51.0% 116.4 172.0 -32.3%
ENVIRONMENT & PROCESS 231.8 274.3 -15.5% 78.8 75.4 +4.5%
FEED & BIOFUEL 78.5 123.9 -36.6% 21.4 37.4 -42.8%

Order backlog
as of end of period 4,514.5 4,558.1 -1.0% 4,514.5 4,558.1 -1.0%

EBITDA 146.7 196.5 -25.3% 57.5 69.9 -17.7%
EBITDA margin 6.3% 7.7% - 7.6% 7.9% -

EBITA
(excl. restructuring) 126.3 162.1 -22.1% 45.5 57.6 -21.0%
EBITA margin
(excl. restructuring) 5.4% 6.4% - 6.0% 6.5% -

EBITA
(incl. restructuring) 102.0 162.1 -37.1% 45.5 57.6 -21.0%
EBITA margin
(incl. restructuring) 4.4% 6.4% - 6.0% 6.5% -

Operating result (EBIT) 87.1 155.6 -44.0% 35.1 54.2 -35.2%

Financial result 6.6 0.6 +1,000.0% 9.5 1.5 +533.3%

Earnings Before
Taxes (EBT) 93.7 156.2 -40.0% 44.6 55.7 -19.9%

Net income (excl.
minority interests) 59.6 105.4 -43.5% 27.1 35.6 -23.9%

Cash flow from
operating activities 344.1 309.2 +11.3% 226.5 183.0 +23.8%

Investm. i. fixed tangible
a. intangible assets 51.4 42.2 +21.8% 11.2 14.5 -22.8%

Employees
as of end of period 13,176 13,225 -0.4% 13,176 13,225 -0.4%

* restated

The interim financial report for the first three quarters of 2009 as
well as the annual and financial reports of the ANDRITZ GROUP are
available on the ANDRITZ website at www.andritz.com in online and pdf
versions. 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 approximately
13,200 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
--------------------------------------------------------------------------------

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: Wien / official dealing