EANS-Adhoc: ANDRITZ AG: - Further financial provisions for pulp mill project in South America - Preliminary results 2013 for the ANDRITZ GROUP: sales between 5.7 and 5.8 bn. euros; expected EBIT

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other
13.01.2014

Graz, January 13, 2014. International technology Group ANDRITZ
announces ad hoc that further financial provisions in the middle
double-digit million euro range are necessary in connection with
supplies for a pulp mill in South America. These provisions will have
a significant negative impact on the earnings of the ANDRITZ GROUP in
the fourth quarter of 2013, and consequently also on the full year
results for 2013.

The reasons for the provisions are additional project cost overruns
resulting from strikes on the site and additional expenses for
construction and erection work. From today's perspective, there is no
evidence of a need for further financial provisions - however, they
cannot be excluded. Start-up of the plant is expected in the first
quarter of 2014.

As a result of all the financial provisions made for the pulp project
in South America in 2013, the EBITA of the ANDRITZ GROUP in 2013 is
expected to reach approximately 200 MEUR and, after deduction of the
provisions already announced in the third quarter of 2013 for
structural improvement measures planned in the Schuler Group
(acquired by ANDRITZ in 2013), approximately 160 MEUR (2012: 357.8
MEUR), respectively. Sales of the ANDRITZ GROUP in 2013 are expected
to amount to between 5.7 and 5.8 bn. euros (2012: 5,176.9 MEUR).

Order intake of the Group in the fourth quarter of 2013 amounted to
approximately 1.5 bn. euros, thus order intake of the Group in 2013
is expected to reach around 5.5 bn. euros. This is an increase of
about 12% compared to the previous year (2012: 4,924.4 MEUR).

The final financial results and more detailed information for the
2013 business year will be published as scheduled on February 28,
2014,

- End -

Press release for download
The press release is available for download at the ANDRITZ web site:
www.andritz.com/news.

The ANDRITZ GROUP The ANDRITZ GROUP is a globally leading supplier of
plants, equipment, and services for hydropower stations, the pulp and
paper industry, the metalworking and steel industries, and
solid/liquid separation in the municipal and industrial sectors. In
addition, ANDRITZ offers technologies for certain other sectors
including automation, the production of animal feed and biomass
pellets, pumps, machinery for nonwovens and plastic films, steam
boiler plants, biomass boilers and gasification plants for energy
generation, flue gas cleaning plants, plants for the production of
panelboards (MDF), thermal sludge utilization, and biomass
torrefaction plants. The publicly listed, international technology
Group is headquartered in Graz, Austria, and has a staff of around
23,900 employees. ANDRITZ operates over 220 production sites as well
as service and sales companies all around the world.

Further inquiry note:
Oliver Pokorny
Group Treasury, Corporate Communications & Investor Relations
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com

end of announcement euro adhoc
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issuer: Andritz AG
Stattegger Straße 18
A-8045 Graz
phone: +43 (0)316 6902-0
FAX: +43 (0)316 6902-415
mail: welcome@andritz.com
WWW: www.andritz.com
sector: Machine Manufacturing
ISIN: AT0000730007
indexes: WBI, ATX Prime, ATX, ATX five
stockmarkets: official market: Wien
language: English