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EANS-Adhoc: ANDRITZ: results for the first three quarters of 2009

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
quarterly report
06.11.2009
Graz, November 6, 2009.  International technology Group ANDRITZ 
showed a solid business development in the first three quarters of 
2009 in a continuing difficult overall economic environment. Sales 
amounted to 2,330.2 MEUR (-8.2% vs. Q1-Q3 2008: 2,538.9 MEUR), order 
intake, at 2,554.9 MEUR, achieved a good level, although it was below
the over-proportionally high level of the previous year´s reference 
period (-11.9% vs. Q1-Q3 2008: 2,900.4 MEUR). Order backlog as of 
September 30, 2009, at approximately 4.5 bn. Euro, increased compared
to the value as of December 31, 2008. Net income excluding minority 
interests amounted to 59.6 MEUR in the first three quarters of 2009 
(Q1-Q3 2008: 105.4 MEUR). The ANDRITZ GROUP continues to expect its 
sales to decline by about 15% in the full year 2009 and its net 
income also to decrease versus the financial year 2008.
Decline in Group sales, HYDRO business area remains strong Sales of 
the ANDRITZ GROUP in the third quarter of 2009 amounted to 756.1 MEUR
(-14.9 % vs. Q3 2008: 888.9 MEUR). While the HYDRO business area 
achieved a significant increase in sales compared to the previous 
year´s reference value, sales in the other business areas declined - 
particularly in PULP & PAPER.
Group sales for the first three quarters of 2009 amounted to 2,330.2 
MEUR, thus declining by 8.2% compared to the reference period of 2008
(Q1-Q3 2008: 2,538.9 MEUR).
Order intake for the third quarter of 2009 almost 10% up compared to 
the previous year´s reference figure, solid order backlog Despite the
continuing difficult economic environment, the ANDRITZ GROUP´s order 
intake showed a satisfactory development in the third quarter of 
2009. At 842.2 MEUR, order intake increased by 9.1% compared to the 
third quarter of 2008 (771.7 MEUR). Particularly, the PULP & PAPER 
and the HYDRO business areas developed very favorably and achieved 
increases compared to the reference period for the previous year.
In the first three quarters of 2009, order intake of the Group 
amounted to 2,554.9 MEUR, thus 11.9% below the over-proportionally 
high level of the previous year´s reference period (Q1-Q3 2008: 
2,900.4 MEUR).
The order backlog as of September 30, 2009 amounted to 4,514.5 MEUR, 
practically unchanged compared to the high level of the previous year
(September 30, 2008: 4,558.1 MEUR) and higher than the figure for 
December 31, 2008 (4,277.4 MEUR).
Satisfactory profitability in Q3 2009 The EBITA of the ANDRITZ GROUP 
was 45.5 MEUR for the third quarter of 2009, thus below the previous 
year´s reference value (Q3 2008: 57.6 MEUR). Profitability (EBITA 
margin), at 6.0%, remained at a solid level despite the decline in 
sales (Q3 2008: 6.5%). The EBITA margin saw a particularly favorable 
development in the HYDRO business area, but was also above the 
previous year´s reference value in the METALS and the ENVIRONMENT & 
PROCESS business areas.
The EBITA in the first three quarters of 2009 amounted to 102.0 MEUR 
and was thus significantly below the previous year´s reference value 
(Q1-Q3 2008: 162.1 MEUR). This is mainly due to restructuring 
expenses of around 24 MEUR booked in the second quarter of 2009 and 
to lower sales.
The financial result for the Group in the third quarter of 2009 was 
mainly impacted by price gains of sold money market funds and 
amounted to 9.5 MEUR (Q3 2008: 1.5 MEUR).
The net income excluding minority interests amounted to 59.6 MEUR for
the first three quarters of 2009 (Q1-Q3 2008: 105.4 MEUR).
Solid balance sheet structure, significant increase in liquid funds 
The ANDRITZ GROUP continued to show a solid balance sheet structure 
as of September 30, 2009. Total assets increased to 3,216.1 MEUR 
(December 31, 2008: 3,086.3 MEUR), the equity ratio amounted to 18.7%
(December 31, 2008: 18.7%).
Liquid funds (Cash and cash equivalents plus Marketable securities) 
amounted to 1,056.4 MEUR as of September 30, 2009 (December 31, 2008:
821.8 MEUR). The net liquidity (Liquid funds plus Fair value of 
interest rate swaps minus Financial liabilities) increased 
significantly, to 659.5 MEUR, thus higher than at the end of last 
year (December 31, 2008: 408.9 MEUR).
Outlook for 2009 confirmed ANDRITZ confirms the sales and earnings 
expectations for the full year of 2009, as published in the financial
report for 2008. The ANDRITZ GROUP continues to expect its sales to 
decline by about 15% in the full year 2009 and its net income to 
decrease versus the financial year 2008. Wolfgang Leitner, President 
and CEO of ANDRITZ AG, comments: ´The results for the first three 
quarters of 2009 are in line with our expectations. In the HYDRO 
business area we expect the good investment activity to continue, in 
the other business areas we see stabilized project activity at 
current levels.´
Key figures of the ANDRITZ GROUP at a glance
(acc. to IFRS; in MEUR)  Q1-Q3 2009  Q1-Q3 2008*  +/-   Q3 2009  Q3 2008*    +/-
Sales                    2,330.2     2,538.9     -8.2%    756.1   888.9   -14.9%
 HYDRO                     987.4       798.8    +23.6%    337.0   308,2    +9.3%
 PULP & PAPER              671.2       981.4    -31.6%    205.4   311.3   -34.0%
 METALS                    351.9       412.2    -14.6%    108.3   144.2   -25.0%
 ENVIRONMENT & PROCESS     227.7       239.8     -5.0%     75.9    89.3   -15.0%
 FEED & BIOFUEL             92.0       106.7    -13.8%     29.5    35.7   -17.4%
Order intake             2,554.9     2,900.4    -11.9%    842.2   771.7    +9.1%
 HYDRO                   1,378.5     1,012.1    +36.2%    324.0   242.9   +33.4%
 PULP & PAPER              604.4       955.5    -36.7%    301.6   244.0   +23.6%
 METALS                    261.7       534.6    -51.0%    116.4   172.0   -32.3%
 ENVIRONMENT & PROCESS     231.8       274.3    -15.5%     78.8    75.4    +4.5%
 FEED & BIOFUEL             78.5       123.9    -36.6%     21.4    37.4   -42.8%
Order backlog
 as of end of period     4,514.5     4,558.1     -1.0%  4,514.5 4,558.1    -1.0%
EBITDA                     146.7       196.5    -25.3%     57.5    69.9   -17.7%
EBITDA margin               6.3%        7.7%       -       7.6%    7.9%      -
EBITA
 (excl. restructuring)     126.3       162.1    -22.1%     45.5    57.6   -21.0%
EBITA margin
 (excl. restructuring)      5.4%        6.4%       -       6.0%    6.5%      -
EBITA
 (incl. restructuring)     102.0       162.1    -37.1%     45.5    57.6   -21.0%
EBITA margin
 (incl. restructuring)      4.4%        6.4%       -       6.0%    6.5%      -
Operating result (EBIT)     87.1       155.6    -44.0%     35.1    54.2   -35.2%
Financial result             6.6         0.6 +1,000.0%      9.5     1.5  +533.3%
Earnings Before
 Taxes (EBT)                93.7       156.2    -40.0%     44.6    55.7   -19.9%
Net income (excl.
 minority interests)        59.6       105.4    -43.5%     27.1    35.6   -23.9%
Cash flow from
 operating activities      344.1       309.2    +11.3%    226.5   183.0   +23.8%
Investm. i. fixed tangible
 a. intangible assets       51.4        42.2    +21.8%     11.2    14.5   -22.8%
Employees
 as of end of period      13,176      13,225     -0.4%   13,176  13,225    -0.4%
* restated
The interim financial report for the first three quarters of 2009 as 
well as the annual and financial reports of the ANDRITZ GROUP are 
available on the ANDRITZ website at www.andritz.com in online and pdf
versions. Printed copies can be requested by telephone (+43 316 
6902-2722), fax (+43 316 6902-465), or e-mail 
(investors@andritz.com).
The ANDRITZ GROUP The ANDRITZ GROUP is a global market leader for 
customized plants, process technologies, and services for the 
hydropower, pulp and paper, metals, and other industries 
(solid/liquid separation, feed and biofuel). The Group is 
headquartered in Graz, Austria and has a staff of approximately 
13,200 employees worldwide. ANDRITZ operates over 150 production 
sites, service, and sales companies all around the world.
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.
end of announcement                               euro adhoc

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

Branche: Machine Manufacturing
ISIN: AT0000730007
WKN: 632305
Index: WBI, ATX Prime, ATX
Börsen: Wien / official dealing

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