EANS-News: ANDRITZ GROUP: results for the first quarter of 2014

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3-month report

Graz (euro adhoc) - Graz, May 6, 2014. International technology
Group ANDRITZ today presented its results for the first quarter of
2014. The key financial figures developed as follows:

- Sales amounted to 1,219.5 million euros (MEUR) and were thus 4.8%
higher than the reference figure for the previous year (Q1 2013:
1,163.8 MEUR). This increase is due to the Schuler Group*;
excluding Schuler, sales would have decreased by 8.9% mainly as a
result of the project-related low sales generation in several
business areas.

- The order intake, at 1,742.2 MEUR, saw a very favorable
development, rising by 35.2% compared to the first quarter of 2013
(Q1 2013: 1,288.3 MEUR). The Schuler Group contributed 319.8 MEUR;
excluding Schuler, the order intake would have increased by 19.3%,
with the PULP & PAPER business area noting a very good order
intake.

- The order backlog as of March 31, 2014 increased to 7,734.7 MEUR
compared to the end of last year (December 31, 2013: 7,388.5 MEUR).

- The EBITA amounted to 48.6 MEUR (Q1 2013: 14.2 MEUR). Earnings were
thus considerably above the very low reference figure of the
previous year, which was strongly negatively impacted by high
provisions booked for a pulp mill project in South America, but
still failed to reach a satisfactory level, as did the EBITA margin
at 4.0% (Q1 2013: 1.2%). This is attributable in particular to the
project-related low sales generation and cost overruns on some
projects in the PULP & PAPER, METALS (excluding Schuler), and
SEPARATION business areas.

- Net income (excluding non-controlling interests), at 20.7 MEUR, was
significantly above the very low reference figure for the previous
year (Q1 2013: 4.1 MEUR).

On the basis of this business development, the order backlog, and the
sales contribution by the Schuler Group, which was not included in
the accounts for full twelve months in 2013, the ANDRITZ GROUP
expects a slight rise in sales in the 2014 business year compared to
the previous year. The net income is currently expected to show a
significant improvement compared to the low level in 2013.

* First-time consolidation of Schuler: March 1, 2013; thus in Q1 2013
included for one month only

- End -

Key financial figures of the ANDRITZ GROUP at a glance

Unit Q1 2014 Q1 2013* +/- 2013
Sales MEUR 1,219.5 1,163.8 +4.8% 5,710.8
HYDRO MEUR 362.8 381.2 -4.8% 1,804.8
PULP & PAPER MEUR 399.6 452.4 -11.7% 2,005.3
METALS MEUR 332.8 202.0 +64.8% 1,311.0
SEPARATION MEUR 124.3 128.2 -3.0% 589.7

Order intake MEUR 1,742.2 1,288.3 +35.2% 5,611.0
HYDRO MEUR 523.3 574.2 -8.9% 1,865.4
PULP & PAPER MEUR 654.8 423.5 +54.6% 1,907.7
METALS MEUR 420.1 144.5 +190.7% 1,233.8
SEPARATION MEUR 144.0 146.1 -1.4% 604.1

Order backlog (as
of end of period) MEUR 7,734.7 7,844.3 -1.4% 7,388.5

EBITDA MEUR 69.5 32.0 +117.2% 255.2
EBITDA margin % 5.7 2.7 - 4.5

EBITA MEUR 48.6 14.2 +242.3% 164.1
EBITA margin % 4.0 1.2 - 2.9

Earnings Before
Interest and
Taxes (EBIT) MEUR 29.0 3.1 +835.5% 89.8

Financial result MEUR -1.5 -1.1 -36.4% -9.5

Earnings Before
Taxes (EBT) MEUR 27.5 2.0 +1,275.0% 80.3

Net income
(without non-
controlling
interests) MEUR 20.7 4.1 +404.9% 66.6

Cash flow from
operating
activities
MEUR 61.0 -79.7 +176.5% 93.7

Capital
expenditure MEUR 17.2 21.4 -19.6% 111.4

Employees (as
of end of period;
without
apprentices) - 23,790 23,660 +0.5% 23,713

* The Schuler Group was consolidated into the consolidated financial
statements of the ANDRITZ GROUP as of March 1, 2013 and is allocated
to the METALS business area.

All figures according to IFRS. Due to the utilization of automatic
calculation programs, differences can arise in the addition of
rounded totals and percentages. MEUR = million euros. EUR = euros.

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. The
publicly listed, international technology Group is headquartered in
Graz, Austria, and has a staff of around 23,800 employees. ANDRITZ
operates over 250 production sites as well as service and sales
companies all around the world. The ANDRITZ GROUP ranks among the
global market leaders in all four of its business areas. One of the
Group's overall strategic goals is to strengthen and extend this
position. At the same time, the company aims to secure the
continuation of profitable growth in the long term.

Annual and financial reports The annual reports and financial reports
of the ANDRITZ GROUP are available as PDF for download at
www.andritz.com. Printed copies can be requested by e-mail to
investors@andritz.com.

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.

Further inquiry note:
Oliver Pokorny
Head of Corporate Communications
Tel.: +43 316 6902 1332
Fax: +43 316 6902 465
mailto:oliver.pokorny@andritz.com

end of announcement euro adhoc
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company: 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