Equipment

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Company update: Andritz Q3 results

Due to consolidation of the Schuler Group acquired in February of this year, international technology Group Andritz saw solid development in sales and order intake in a challenging economic environment in the third quarter of 2013.

Due to consolidation of the Schuler Group acquired in February of this year, international technology Group Andritz saw solid development in sales and order intake in a challenging economic environment in the third quarter of 2013.

In the third quarter of 2013, sales of the Andritz Group amounted to €1,534.5 million , which is an increase of 21.3% compared to last year's reference period (Q3 2012: €1,265.5 million); this increase is due to consolidation of the Schuler Group. In the first three quarters of 2013, sales of the Group amounted to€ 4,144.6 million, thus rising by 11.9% compared to the previous year's reference period (Q1-Q3 2012: €3,703.3 million).

Earnings (EBITA) of the Group amounted to €70.1 mln in the third quarter of 2013, thus declining by 19.0% compared to last year's reference period (Q3 2012: €86.5 million). The profitability (EBITA margin) amounted to 4.6% (Q3 2012: 6.8%).

The net worth position and capital structure as of September 30, 2013 remained solid. Due to the acquisition of Schuler, the net liquidity, at €782.3 million, was substantially below the value as of December 31, 2012 (€1,285.7 million).

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