Long-term corporate goals confirmed

At the ANDRITZ Capital Market Day 2010, Dr. Wolfgang Leitner, President and CEO of ANDRITZ AG, today confirmed the international technology group’s long-term goals. “The ANDRITZ GROUP’s financial goals are to achieve a sustained average EBITA margin of 7 % over the cycle and group sales of approximately 4.5 billion € by 2013/2014”, says Leitner and adds: “In the past ten years, ANDRITZ has increased group sales by over 15 % per annum, and the EBITA margin has risen from 4.7 % in 2000 to 6.3 % in the first half of 2010.” The sales target for the ANDRITZ GROUP of around 4.5 billion € originally stated for 2010/
2011 was postponed last year until 2013/2014 as a result of the global financial and economic crisis. Above all, future development of the global economy will determine whether this goal is achievable or not. “Based on these expectations and in view of the cost reduction measures implemented last year as well as the solid order intake and order backlog for the first half of 2010, the achievement of our long-term sales and earnings targets by 2013/2014 is possible“, Leitner substantiates.

ANDRITZ AG, Graz (A), Tel.: +43 316 6902-0,

www.andritz.com

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