euro adhoc: Andritz AG
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Andritz: Business update on the occasion of
Capital Market Days 2007
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
24.10.2007
Graz/Foshan, 24 October 2007. During this year´s Andritz Capital Market Days in China, Wolfgang Leitner, President and CEO of Andritz AG, announced today that the Executive Board plans to propose an increase of the dividend payout ratio for the financial year 2007 to 40% (dividend payout ratio for year 2006: 32.5%; dividend for year 2006: 0.75 EUR per share).
Leitner is confident about the business development for 2008 and expects - based on the current high order backlog of approximately 3.8 billion Euros and the good project activity - an increase in Group Sales to approximately 3.5 billion Euros. This corresponds to an increase of Sales of approx. 9% compared to 2007, where Sales are expected to reach about 3.2 billion Euros.
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The Andritz Group Listed Andritz Group is a global market leader for advanced production systems for pulp and paper, steel and other specialized industries. Andritz has a staff of approximately 11,000 employees worldwide. It develops and makes its high-tech systems at 35 production sites in Austria, Germany, Finland, Denmark, France, Netherlands, USA, Canada and China.
end of announcement euro adhoc 24.10.2007 07:30:00
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
Original-Content von: Andritz AG, übermittelt durch news aktuell