Andritz Group announces long-term targets

22-10-2008 | |

On the occasion of the Andritz Capital Market Days 2008, Wolfgang Leitner, President & CEO of Andritz AG, announced the long-term targets for the international technology Group up to 2010/2011.

“From today´s perspective, we expect sales to rise to approximately 3.5
billion Euros and EBITA  margin to increase compared to 2007. The actual
extent of the increase depends on the further development of the global
financial and economic crisis and its impact on our customers and – consequently
– ourselves,” Leitner said.

The Andritz Group´s declared sales target for
2010/2011 is 4.5 billion Euros. “Given our cash position of about 800 million
Euros, the current financial crisis can also provide opportunities for Andritz
to acquire interesting companies at very attractive terms”, Leitner said, but
did not mention potential acquisition targets.

Along with the growth in
sales, Andritz also aims to increase profitability. “The goal for the Andritz
Group is to achieve a sustainable EBITA margin averaging 7% over the economic
cycle, with the target to reach 8% at the economic peak.

“Whether Andritz
will already be able to improve the margin in 2009 cannot be predicted at this
stage, given the current difficult economic environment.

“The solid order
backlog and the high sales contributions from business areas that are likely to
be less affected by the general economic situation should help to mitigate, even
if they cannot entirely prevent, the impact Andritz may feel from a possible
severe economic slowdown,” Leitner said.

The Andritz Group is a global player in the supply of
customized plants, systems, and services for the feed industry, among
onthers.

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