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ANDRITZ Reports Sales of Approx. 5 Billion EUR Expected for 2012, Margin and Dividend Targets Confirmed - Wolfgang Leitner, President and CEO of ANDRITZ AG, specified the sales expectations of the Group for 2012 and 2013 - ANDRITZ.com
ANDRITZ Reports Sales of Approx. 5 Billion EUR Expected for 2012, Margin and Dividend Targets Confirmed

 

PRZOOM - /newswire/ - Graz, Austria, 2012/10/10 - Wolfgang Leitner, President and CEO of ANDRITZ AG, specified the sales expectations of the Group for 2012 and 2013 - ANDRITZ.com. Reuters: ANDR.VI

   
 
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At the ANDRITZ Capital Market Day 2012, Wolfgang Leitner, President and CEO of ANDRITZ AG, today specified the sales expectations of the Group for 2012 and 2013: “For the 2012 business year, we expect Group sales to rise to approximately five billion Euros, mainly driven by processing of the large PULP & PAPER orders received in 2011. At present, we also anticipate positive sales development for 2013, mainly due to the expected first-time consolidation of Schuler AG. With regard to the profitability of the ANDRITZ GROUP, we confirm our target to achieve an average EBITA margin of 7% over the cycle and also intend continuing our shareholder-friendly dividend policy.” said Leitner and added “The question that remains is how cooling of the economy in Europe and the relevant overseas markets will develop in the coming months. This will certainly have a substantial impact on whether we can achieve our goals."

Although there is perceptible caution in the markets served by ANDRITZ at the moment, project activity is satisfactory in each of the ANDRITZ business areas except METALS.

ANDRITZ plans to continue its dividend policy, which is geared towards continuity, and aims to maintain the dividend payout ratio at around 50% and increase it – depending on business development – to approximately 60% during the next years.

The ANDRITZ GROUP

International technology Group ANDRITZ (andritz.com) is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, solid/liquid separation in the municipal and industrial sectors, the steel industry, and the production of animal feed and biomass pellets. In addition, ANDRITZ offers technologies for other sectors including automation, pumps, machinery for nonwovens and plastic films, steam boiler plants, biomass boilers and gasification plants for energy generation, flue gas cleaning plants, plants for the production of panelboard (MDF), thermal sludge utilization, and torrefaction plants. The publicly listed ANDRITZ GROUP is headquartered in Graz, Austria and has a staff of more than 17,400 employees worldwide. ANDRITZ operates over 180 production sites as well as service and sales companies all around the world.

 
 
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ANDRITZ Reports Sales of Approx. 5 Billion EUR Expected for 2012, Margin and Dividend Targets Confirmed

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ANDRITZ AG |
Contact: Dr. Michael Buchbauer - ANDRITZ.com 
+43 (316) 6902 2979 michael.buchbauer[.]andritz.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANDRITZ AG securities in any jurisdiction including any other companies listed or named in this release.

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