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Andritz Group announces long-term company targets at Capital Market Days 2008

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
21.10.2008
Graz, October 21, 2008. On the occasion of the Andritz Capital Market
Days 2008, Wolfgang Leitner, President & CEO of Andritz AG, today 
announced the long-term targets for the international technology 
Group up to 2010/2011, and confirmed the guidance for 2008: `From 
today´s perspective, we expect sales to rise to approximately 3.5 
billion Euros and EBITA margin to increase compared to 2007. The 
actual extent of the increase depends on the further development of 
the global financial and economic crisis and its impact on our 
customers and - consequently - ourselves,´ Leitner said.
The Andritz Group´s declared sales target for 2010/2011 is 4.5 
billion Euros. Achievement of this target is also dependent on the 
future development of the global economy and Andritz´s success in 
acquiring further companies. `Given our cash position of about 800 
million Euros, the current financial crisis can also provide 
opportunities for Andritz to acquire interesting companies at very 
attractive terms", Leitner said, but did not mention potential 
acquisition targets.
Along with the growth in sales, Andritz also aims to increase 
profitability. `The goal for the Andritz Group is to achieve a 
sustainable EBITA margin averaging 7% over the economic cycle, with 
the target to reach 8% at the economic peak. Whether Andritz will 
already be able to improve the margin in 2009 cannot be predicted at 
this stage, given the current difficult economic environment. The 
solid order backlog and the high sales contributions from business 
areas that are likely to be less affected by the general economic 
situation should help to mitigate, even if they cannot entirely 
prevent, the impact Andritz may feel from a possible severe economic 
slowdown,´ Leitner said.
With regard to dividend payments, Andritz intends to maintain its 
policy of continuity. After increasing the payout ratio to almost 40%
for the 2007 business year, Andritz aims to gradually raise the 
payout ratio to approximately 50% in the coming years. With a 
dividend payment of 1.00 Euro per share for 2007, Andritz currently 
offers an attractive dividend yield of almost 5.9%.
- End -
The Andritz Group The Andritz Group is a global market leader in the 
supply of customized plants, systems, and services for the pulp and 
paper industry, the hydropower industry, the steel industry, and 
other specialized industries (solid/liquid separation, feed, and 
biofuel). Headquartered in Graz, Austria, the Group has about 12,900 
employees worldwide. It manufactures and sells its products and 
services globally.
end of announcement                               euro adhoc

Further inquiry note:

Dr. Michael Buchbauer
Head of 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: Wiener Börse AG / official dealing

Plus de actualités: Andritz AG
Plus de actualités: Andritz AG