EANS-News: ANDRITZ GROUP: results for the first quarter of 2015

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quarterly report

Graz, May 6, 2015. International technology Group ANDRITZ recorded a
solid business development in the first quarter of 2015. The key
financial figures developed as follows:

- Sales amounted to 1,404.3 million euros (MEUR) and were thus
significantly higher than the reference figure for the previous
year (+15.2% versus Q1 2014: 1,219.5 MEUR). All business areas,
particularly PULP & PAPER, recorded a significant increase in
sales.

- The order intake, at 1,430.6 MEUR, reached a satisfactory level.
However, it was 17.9% below the extraordinary high reference figure
of the previous year, which had included large orders in the HYDRO
and PULP & PAPER business areas (Q1 2014: 1,742.2 MEUR).

- The order backlog as of March 31, 2015 slightly increased to
7,785.6 MEUR (December 31, 2014: 7,510.6 MEUR).

- The EBITA amounted to 73.4 MEUR (Q1 2014: 48.6 MEUR). Earnings were
thus 51.0% above the low reference figure of last year, but still
failed to reach a satisfactory level, as did the EBITA margin at
5.2% (Q1 2014: 4.0%). This is mainly attributable to temporary
exchange rate differences from negative market values from
project-related currency hedges that will balance out by the time
the orders are completed/paid. Excluding these market values, the
EBITA margin of the Group would have amounted to 6.1%.

- Net income amounted to 44.0 MEUR (+112.6% versus Q1 2014: 20.7
MEUR).

On the basis of the current order backlog, ANDRITZ expects a slight
increase in sales and net income in 2015 compared to the previous
year.

- End -

Key financial figures at a glance

Unit Q1 2015 Q1 2014 +/- 2014
Sales MEUR 1,404.3 1,219.5 +15.2% 5,859.3
HYDRO MEUR 407.9 362.8 +12.4% 1,752.3
PULP & PAPER MEUR 480.5 399.6 +20.2% 1,969.3
METALS MEUR 377.1 332.8 +13.3% 1,550.4
SEPARATION MEUR 138.8 124.3 +11.7% 587.3

Order intake MEUR 1,430.6 1,742.2 -17.9% 6,101.0
HYDRO MEUR 447.0 523.3 -14.6% 1,816.7
PULP & PAPER MEUR 462.4 654.8 -29.4% 1,995.7
METALS MEUR 384.9 420.1 -8.4% 1,692.8
SEPARATION MEUR 136.3 144.0 -5.3% 595.8

Order backlog
(as of end of period) MEUR 7,785.6 7,734.7 +0.7% 7,510.6

EBITDA MEUR 96.1 69.5 +38.3% 472.0
EBITDA margin % 6.8 5.7 - 8.1
EBITA MEUR 73.4 48.6 +51.0% 379.5
EBITA margin % 5.2 4.0 - 6.5

Earnings Before
Interest a. Taxes (EBIT) MEUR 61.5 29.0 +112.1% 295.7

Financial result MEUR 1.1 -1.5 +173.3% 3.7

Earnings Before
Taxes (EBT) MEUR 62.6 27.5 +127.6% 299.4

Net income (without
non-controlling
interests) MEUR 44.0 20.7 +112.6% 210.9

Cash flow from
operating activities MEUR 37.2 61.0 -39.0% 342.1

Capital expenditure MEUR 20.8 17.2 +20.9% 106.5

Employees (as of end
(of period; without
apprentices) - 24,855 23,790 +4.5% 24,853

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:
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

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