EANS-News: ANDRITZ reports favorable 2014 business year

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annual result

Graz, March 5, 2015. In 2014, international technology Group ANDRITZ
improved all financial key figures compared to the previous year:

- Sales amounted to 5,859.3 million euros (MEUR) and were thus 2.6%
higher than in the previous year (2013: 5,710.8 MEUR).

- Order intake increased by 8.7%, reaching an all-time high of
6,101.0 MEUR (2013: 5,611.0 MEUR). This positive development is
attributable to the PULP & PAPER and METALS business areas.

- The order backlog at the end of 2014 amounted to 7,510.6 MEUR
(+1.7% compared to the end of 2013: 7,388.5 MEUR) and thus also
reached a new record high.

- At 379.5 MEUR, the EBITA was well above the very low level of the
previous year, which was impacted negatively by additional costs in
the PULP & PAPER and SEPARATION business areas (+131.3% versus
2013: 164.1 MEUR). The EBITA margin also increased substantially to
6.5% (2013: 2.9%).

- Net income increased to 210.0 MEUR (2013: 53.2 MEUR).

- The net worth position and capital structure as of December 31,
2014 remained solid. Total assets amounted to 5,967.6 MEUR
(December 31, 2013: 5,571.4 MEUR) and the equity ratio to 17.0%
(December 31, 2013: 16.7%). Liquid funds reached 1,701.6 MEUR (end
of 2013: 1,517.0 MEUR) and net liquidity amounted to 1,065.1 MEUR
(end of 2013: 893.1 MEUR).

- At the Annual General Meeting on March 26, 2015, the Executive
Board will propose a dividend increase to 1.00 EUR per share for
the 2014 business year (2013: 0.50 EUR).

Wolfgang Leitner, President and CEO of ANDRITZ AG, on the outlook for
the 2015 business year: "From today's perspective, no substantial
change is expected in project activity in the markets served by
ANDRITZ compared to the satisfactory level of 2014. The market
environment is still challenging, which is why we will continue with
our measures to further enhance competitiveness and profitability
this year."

On the basis of these expectations and the order backlog at the end
of 2014, ANDRITZ expects a slight sales increase in 2015 as well as
an improvement in net income compared to 2014.

- End -

Key financial figures at a glance

(in MEUR) 2014 2013 +/- Q4 2014 Q4 2013 +/-
Sales 5,859.3 5,710.8 +2.6% 1,736.4 1,566.2 +10.9%
HYDRO 1,752.3 1,804.8 -2.9% 520.1 503.3 +3.3%
PULP & PAPER 1,969.3 2,005.3 -1.8% 599.4 548.6 +9.3%
METALS 1,550.4 1,311.0 +18.3% 438.6 348.1 +26.0%
SEPARATION 587.3 589.7 -0.4% 178.3 166.2 +7.3%

Order intake 6,101.0 5,611.0 +8.7% 1,529.4 1,559.7 -1.9%
HYDRO 1,816.7 1,865.4 -2.6% 650.7 643.8 +1.1%
PULP & PAPER 1,995.7 1,907.7 +4.6% 366.1 490.4 -25.3%
METALS 1,692.8 1,233.8 +37.2% 364.7 275.5 +32.4%
SEPARATION 595.8 604.1 -1.4% 147.9 150.0 -1.4%

Order backlog
(as of end of period) 7,510.6 7,388.5 +1.7% 7,510.6 7,388.5 +1.7%

EBITDA 472.0 255.2 +85.0% 173.1 25.9 +568.3%
EBITDA margin 8.1% 4.5% - 10.0% 1.7% -

EBITA 379.5 164.1 +131.3% 145.1 -2.9 +5,103.4%
EBITA margin 6.5% 2.9% - 8.4% -0.2% -

EBIT 295.7 89.8 +229.3% 119.7 -26.4 +553.4%

Financial result 3.7 -9.5 +138.9% 5.4 -4.1 +231.7%

EBT 299.4 80.3 +272.9% 125.1 -30.5 +510.2%

Net income
(without non-
controlling interests) 210.9 66.6 +216.7% 87.3 -12.2 +815.6%

Cash flow from
operating activities 342.1 93.7 +265.1% 342.1 174.8 +95.7%

Capital expenditure 106.5 111.4 -4.4% 44.6 45.9 -2.8%

Employees (as of end
of period; without
apprentices) 24,853 23,713 +4.8% 24,853 23,713 +4.8%

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. No pro forma figures are available for
the reference period of the previous year.

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 euro. EUR = euro.

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

The ANDRITZ GROUP ANDRITZ is a globally leading supplier of plants,
equipment, and services for hydropower stations, the pulp and paper
industry, the metalworking and steel industries, and for solid/liquid
separation in the municipal and industrial sectors. The publicly
listed technology Group is headquartered in Graz, Austria, and has a
staff of almost 25,000 employees. ANDRITZ operates over 250 sites
worldwide.

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