Pulp & Paper News

Andritz expects Euro 5 billion sales rise, to achieve margin and dividend targets

GRAZ, Austria , Oct. 10, 2012 (Press Release) - 

At the ANDRITZ Capital Market Day 2012, Wolfgang Leitner, President and CEO of ANDRITZ AG, today specified the sales expectations of the Group for 2012 and 2013: "For the 2012 business year, we expect Group sales to rise to approximately five billion Euros, mainly driven by processing of the large PULP & PAPER orders received in 2011. At present, we also anticipate positive sales development for 2013, mainly due to the expected first-time consolidation of Schuler AG. With regard to the profitability of the ANDRITZ GROUP, we confirm our target to achieve an average EBITA margin of 7% over the cycle and also intend continuing our shareholder-friendly dividend policy." said Leitner and added "The question that remains is how cooling of the economy in Europe and the relevant overseas markets will develop in the coming months. This will certainly have a substantial impact on whether we can achieve our goals."

Although there is perceptible caution in the markets served by ANDRITZ at the moment, project activity is satisfactory in each of the ANDRITZ business areas except METALS.

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