EANS-News: ANDRITZ: sales of over 4 billion EUR expected for 2011, increase to more than 4.5 billion EUR planned for 2012
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Company Information
Graz (euro adhoc) - Graz, October 5, 2011. At the ANDRITZ Capital Market Days
2011, Wolfgang Leitner, President and CEO of ANDRITZ AG, today specified the
sales and earnings targets of the ANDRITZ GROUP for 2011 and 2012: "Based on the
high order intake and good development in sales in the first half of 2011, we
expect Group sales to rise above four billion Euros for 2011. For 2012, we are
planning a further increase in sales to over 4.5 billion Euros in view of the
good order intake and the acquisitions made in 2010 and 2011. We confirm our
target to achieve an average EBITA margin of 7% over the cycle and also intend
continuing our pro-active dividend policy," said Leitner and added: "However, a
possible significant downturn of the global economy would most likely impact the
achievement of these goals."
Based on Group sales of 4.5 billion EUR, an EBITA margin of 7%, and a tax rate
of 30%, earnings per share of about 4.23 EUR could be reached in 2012 (2008:
2.73 EUR per share; 2009: 1.89 EUR per share; 2010: 3.48 EUR per share),
corresponding to an average annual growth of over 20% in earnings per share
since 2000.
ANDRITZ wants to continue its dividend policy, which is focused on maintaining
continuity, and aims to increase the dividend payout ratio steadily to
approximately 60% in the next few years.
- End -
The ANDRITZ GROUP
The ANDRITZ GROUP is a global market leader for supply of systems and services
to the hydropower, pulp and paper, metals, and other specialized industries
(solid/liquid separation, feed and biofuel). The Group is headquartered in Graz,
Austria, and has a staff of approximately 16,100 employees worldwide. ANDRITZ
operates over 180 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.
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
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 of: Andritz AG, transmitted by news aktuell