EANS-Adhoc: ANDRITZ increases earnings expectation for the full year 2021 EAE

7/19, 3:11 PM (Source: euro adhoc)

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Company Information
19.07.2021

Graz - July 19, 2021. International technology Group ANDRITZ announces
preliminary figures for the second quarter of 2021 due to positive development
of its operational business in the past few months exceeding expectations.

On the basis of the preliminary figures available, ANDRITZ achieved revenue of
approximately 1.5 billion euros and an EBITA of 125 MEUR in the second quarter
of 2021.

On the basis of this favorable earnings development, ANDRITZ now expects - from
today's perspective - a significant increase in the EBITA reported compared to
the previous year and profitability (EBITA margin reported) of around 8% (EBITA
margin reported in 2020: 5.9%). From today's perspective, no substantial
extraordinary effects are expected for 2021.

Revenue for the full year 2021 is still expected to show a slight decline
compared to the previous year.

In the previous financial guidance 2021 published on March 3, 2021, ANDRITZ
assumed slightly lower revenue (due to the lower order intake in 2020) compared
to last year (2020: 6,699.6 MEUR). The EBITA reported was expected to increase
compared to 2020 (391.7 MEUR). The EBITA adjusted by extraordinary items was
expected to be stable compared to the previous year (EBITA 2020 adjusted: 471.1
MEUR).

The final financial figures for the first half and second quarter of 2021 will
be published on July 30, 2021 as planned.

Note: MEUR = million euros

- End -

ANDRITZ GROUP
International technology group ANDRITZ offers a broad portfolio of innovative
plants, equipment, systems and services for the pulp and paper industry, the
hydropower sector, the metals processing and forming industry, pumps, solid/
liquid separation in the municipal and industrial sectors, as well as animal
feed and biomass pelleting. Plants for power generation, flue gas cleaning,
recycling, and the production of nonwovens and panelboard complete the global
product and service offering. Innovative products and services in the industrial
digitalization sector are offered under the brand name Metris and help customers
to make their plants more user-friendly, efficient and profitable. The publicly
listed group has around 26,950 employees and more than 280 locations in over 40
countries.

Further inquiry note:
Dr. Michael Buchbauer
Head of Group Finance, 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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issuer:       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
ISIN:         AT0000730007
indexes:      ATX, WBI
stockmarkets: Wien
language:     English

EAX0011    2021-07-19/15:11

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