EANS-Adhoc: ANDRITZ: Further optimization of Schuler Group's value chain

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other/Company Information
26.08.2015

Graz, August 26, 2015: The Schuler Group, part of the ANDRITZ GROUP
and headquartered in Göppingen, Germany, will further optimize its
value chain by the end of 2017. The measures are a continuation of
the steps successfully taken during the past two years to better
adjust Schuler's organizational and cost structure to the market
requirements.

The measures adopted will lead to a reduction of production
capacities with a stronger focus of production on core competencies.
All engineering locations in Germany will be maintained.

The financial provisions required to implement these measures will
amount to around 55 million euros for the Schuler Group and will be
booked to a large extent in the third quarter of 2015. For 2015,
Schuler expects sales to exceed the prior-year figure of around 1.2
bn. EUR. The operating result before one-off effects resulting from
the adjustment measures is expected to reach the solid level of last
year.

As a result of one-off improvements in other areas, the impact on
ANDRITZ GROUP earnings in 2015 will be reduced to 15 to 20 million
euros. The operative measures planned are scheduled to be implemented
by 2017 and are expected to yield annual cost savings between 30 and
35 million euros.

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Press release available for download
This 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.

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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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