EANS-News: ANDRITZ GROUP: Results for the first quarter of 2016

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quarterly report

Graz, May 4, 2016. International technology Group ANDRITZ saw a solid
development of profitability in the first quarter of 2016 despite
slight declines in sales and order intake.

The key financial figures developed as follows:

* Sales amounted to 1,285.6 million euros (MEUR) and were thus lower
than the reference figure for the previous year (-8.5% versus Q1
2015: 1,404.3 MEUR). All business areas recorded a decline in
sales.

* Order intake, at 1,247.4 MEUR, reached a satisfactory level,
however, it was 12.8% below the reference figure of the previous
year (Q1 2015: 1,430.6 MEUR). While the PULP & PAPER business area
in particular and also SEPARATION were able to increase order
intake compared to Q1 2015, HYDRO and METALS saw a significant
decline in order intake.

* Order backlog as of March 31, 2016 amounted to 7,147.6 MEUR, thus
decreasing slightly compared to the end of last year (December 31,
2015: 7,324.2 MEUR).

* Despite the decline in sales, EBITA increased to 83.9 MEUR (Q1
2015: 73.4 MEUR). This is due to the very positive development in
the PULP & PAPER and HYDRO business areas. Thus, profitability of
the Group (EBITA margin) increased to 6.5% (Q1 2015: 5.2%).

* Net income without non-controlling interests increased to 52.5 MEUR
(Q1 2015: 44.0 MEUR).

The situation on the markets served by ANDRITZ basically has not
changed compared to 2015. While unchanged good project and investment
activity prevails in the PULP & PAPER business area, several projects
in HYDRO and METALS have been stopped temporarily or delayed due to
uncertain demand. Based on the business results achieved in the first
quarter of 2016, ANDRITZ expects Group sales for 2016 to decrease
slightly compared to 2015. At the same time, however, profitability
is expected to remain at a solid level.

- End -

Key financial figures at a glance

Unit Q1 2016 Q1 2015 +/- 2015
Sales MEUR 1,285.6 1,404.3 -8.5% 6,377.2
HYDRO MEUR 367.9 407.9 -9.8% 1,834.8
PULP & PAPER MEUR 457.6 480.5 -4.8% 2,196.3
METALS MEUR 333.0 377.1 -11.7% 1,718.1
SEPARATION MEUR 127.1 138.8 -8.4% 628.0

Order intake MEUR 1,247.4 1,430.6 -12.8% 6,017.7
HYDRO MEUR 252.0 447.0 -43.6% 1,718.7
PULP & PAPER MEUR 545.6 462.4 +18.0% 2,263.9
METALS MEUR 299.3 384.9 -22.2% 1,438.6
SEPARATION MEUR 150.5 136.3 +10.4% 596.5

Order backlog
(as of end of period) MEUR 7,147.6 7,785.6 -8.2% 7,324.2

EBITDA MEUR 106.7 96.1 +11.0% 534.7
EBITDA margin % 8.3 6.8 - 8.4
EBITA MEUR 83.9 73.4 +14.3% 429.0
EBITA margin % 6.5 5.2 - 6.7

Earnings Before Interest
and Taxes (EBIT) MEUR 74.2 61.5 +20.7% 369.1

Financial result MEUR 0.7 1.1 -36.4% 7.3

Earnings Before Taxes (EBT) MEUR 74.9 62.6 +19.6% 376.4

Net income (without
non-controlling interests) MEUR 52.5 44.0 +19.3% 267.7

Cash flow from
operating activities MEUR 167.5 37.2 +350.3% 179.4

Capital expenditure MEUR 16.5 20.8 -20.7% 101.4

Employees
(as of end of period;
without apprentices) - 24,195 24,855 -2.7% 24,508

~ 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.

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 approximately 24,200 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 Finance, 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