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

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Financial Figures/Balance Sheet

Graz, November 4, 2016. International technology Group ANDRITZ saw
satisfactory business development in the third quarter of 2016. The
key financial figures developed as follows:

- In the third quarter of 2016, order intake amounted to 1,470.1
MEUR, thus increasing significantly by 23.8% compared to the
previous year's reference period (Q3 2015: 1,187.6 MEUR). It was
also substantially higher compared with the figures of the
preceding quarters (+11.5% vs. Q2 2016: 1,319.0 MEUR and +17.9% vs.
Q1 2016: 1,247.4 MEUR). This positive development is mainly due to
the three largest business areas - PULP & PAPER, HYDRO and METALS -
which were able to increase order intake compared to the previous
year's reference figure. In the first three quarters of 2016, the
Group's order intake, at 4,036.5 MEUR, was up compared to the level
as during the previous year's reference figure (+7.1% versus Q1-Q3
2015: 3,767.6 MEUR). This increase is particularly due to the PULP
& PAPER and METALS business areas.

- The order backlog as of September 30, 2016, amounted to 7,043.6
MEUR and was thus slightly down compared to the figure at the end
of last year (-3.8% versus December 31, 2015: 7,324.2 MEUR).

- In the third quarter of 2016, sales decreased by 6.7% compared to
the previous year's reference period, reaching 1,478.1 MEUR (Q3
2015: 1,583.5 MEUR). This is mainly due to the HYDRO business area
which saw a project- related sales decline. Group sales in the
first three quarters of 2016 amounted to 4,239.3 MEUR, decreasing
by 7.6% compared to the previous year's reference period (Q1-Q3
2015: 4,589.1 MEUR).

- Despite the decline of sales, the EBITA, at 109.1 MEUR in Q3 2016,
practically reached the level of last year's reference period (-0.9%
versus Q3 2015: 110.1 MEUR). As a result, profitability (EBITA
margin) increased to 7.4% (Q3 2015: 7.0%). The EBITA, at 292.1
MEUR, in the first three quarters of 2016 also remained practically
at the same level as during the previous year's reference period
(-1.0% versus Q1-Q3 2015: 295.0 MEUR), thus resulting in an
increase of profitability to 6.9% (Q1-Q3 2015: 6.4%).

- Net income (without non-controlling interests) increased to 194.2
MEUR (Q1-Q3 2015: 181.3 MEUR) in the first three quarters of 2016.

Wolfgang Leitner, President & CEO of ANDRITZ AG: "In view of the
continuing, difficult overall macroeconomic environment, we are
satisfied with the business results achieved so far this year. For
the coming months, we anticipate an unchanged project activity in the
markets we serve."

For the business year 2016, ANDRITZ expects a decline in Group sales
compared to 2015, but also expects solid development of profitability
at the same time.

- End -

Key financial figures of the ANDRITZ GROUP at a glance

(in MEUR) Q1-Q3 16 Q1-Q3 15 +/- Q3 2016 Q3 2015 +/- 2015
Sales 4,239.3 4,589.1 -7.6% 1,478.1 1,583.5 -6.7% 6,377.2
HYDRO 1,179.7 1,309.6 -9.9% 372.4 443.3 -16.0% 1,834.8
PULP & PAPER 1,534.0 1,586.4 -3.3% 553.6 542.5 +2.0% 2,196.3
METALS 1,110.3 1,239.8 -10.4% 406.7 443.7 -8.3% 1,718.1
SEPARATION 415.3 453.3 -8.4% 145.4 154.0 -5.6% 628.0

Order intake 4,036.5 3,767.6 +7.1% 1,470.1 1,187.6 +23.8% 6,017.7
HYDRO 1,060.9 1,122.0 -5.4% 469.5 327.3 +43.4% 1,718.7
PULP & PAPER 1,351.0 1,255.7 +7.6% 435.0 346.8 +25.4% 2,263.9
METALS 1,179.5 953.8 +23.7% 410.8 358.4 +14.6% 1,438.6
SEPARATION 445.1 436.1 +2.1% 154.8 155.1 -0.2% 596.5

Order backlog
(as of end
of period) 7,043.6 6,891.8 +2.2% 7,043.6 6,891.8 +2.2% 7,324.2

EBITDA 363.5 364.1 -0.2% 133.9 133.2 +0.5% 534.7
EBITDA margin (%) 8.6 7.9 - 9.1 8.4 - 8.4

EBITA 292.1 295.0 -1.0% 109.1 110.1 -0.9% 429.0
EBITA margin (%) 6.9 6.4 - 7.4 7.0 - 6.7

Earnings Before
Interest and
Taxes (EBIT) 261.8 259.1 +1.0% 98.8 99.5 -0.7% 369.1

Financial
result 15.7 4.0 +292.5% 6.8 -2.8 +342.9% 7.3

Earnings Before
Taxes (EBT) 277.5 263.1 +5.5% 105.6 96.7 +9.2% 376.4

Net income
(without non-
controlling
interests) 194.2 181.3 +7.1% 73.9 67.4 +9.6% 267.7

Cashflow from
operating
activities 345.7 132.8 +160.3% 145.1 140.6 +3.2% 179.4

Capital
expenditure 76.3 59.7 +27.8% 31.5 23.4 +34.6% 101.4

Employees
(as of end of
period; without
apprentices) 25,547 24,769 +3.1% 25,547 24,769 +3.1% 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.

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 25,500 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

Original-Content von: Andritz AG, übermittelt durch news aktuell