Andritz results for first quarter 2010

Order intake amounted to 908 MEUR and thus declined by 7% compared to the very high reference value for the previous year, but was still significantly higher than the figures for the preceding quarters. Order backlog as of March 31, 2010 amounted to 4.7 billion EUR, which is an increase of 6% compared to the reference date for last year. In spite of the decline in sales, EBITA, at 43.7 MEUR, was at the same level as during last year’s reference period (Q1 2009: 43.7 MEUR). Thus, profitability (EBITA margin) increased to 6.0% (2009: 5.5%). Net income (excluding non-controlling interests) amounted to 29 MEUR (Q1 2009: 26 MEUR).

Sales of the company amounted to 732.3 MEUR during the first quarter of 2010, thus 7.3% below the reference figure for the previous year (Q1 2009: 790.1 MEUR). While the hydro business area achieved a significant increase in sales compared to last year’s reference quarter, sales in the other business areas declined – especially in metals and environment and process

Order intake of the andritz saw a solid development in the first quarter of 2010, amounting to 908.4 MEUR and thus declining by 7.4% compared to the very high reference value for the previous year, but still significantly higher than the figures for the preceding quarters. Order intake of the hydro business area was significantly below the very high reference value for last year, which had included some major orders; also the metals business area saw a significant decline in order intake. In contrast, order intake of the pulp and paper business area developed very favorably, more than doubling the figure for last year’s reference period.