Andritz: Results for the first half of 2008

• Increase in order intake, sales, and net income
• Order backlog, at over 4.6 bn Euros, provides solid basis for the coming quarters

Andritz to acquire majority interest in GEHI joint venture from General Electric

International technology group Andritz and GE Energy (GE) have signed an agreement for the purchase by Andritz of GE’s majority interest in the GEHI (General Electric Hydro Inepar) joint venture. The other principal shareholder in GEHI, which was founded in 1997, is Brazilian conglomerate Inepar S.A. Group. Financial terms were not disclosed.

Publication of the planned resale of purchased shares pursuant to Stock Exchange Act Article 82 para. 9 in conjunction with Publication Regulation 2002 Articles 4 and 5 (Federal Law Gazette II 2002/112).

Publication by analogy to Corporation Act Article 171 para1 in conjunction with Corporation Act Article 159para 2fig. 3

New large order for Andritz VA TECH HYDRO

Enerjisa, a joint venture of Österreichische Elektrizitätswirtschafts-AG (Verbund) and H.Ö. Sabanci Holding A.S., Turkey, has chosen a consortium led by Andritz VA TECH HYDRO to supply the complete electro-mechanical equipment, including service work, for the Turkish hydropower plant cascade in Kahramanmaras (consisting of the Kandil, Sarigüzel, and Hacininoglu hydropower stations, with a total output of 452 MW). The order value is approximately 70 million Euros.

Andritz: Favorable business development in Q1 2008

• Increase in sales and earnings
• Order intake, at almost 1.2 billion Euros, reaches the highest value ever achieved in a quarter
• Record order backlog of more than 4.3 billion Euros provides solid basis for 2008

Andritz to acquire assets of General Electric’s Hydro business

International technology group Andritz and General Electric Company (GE) have reached an agreement for the purchase of certain assets of GE Energy’s Hydro business. The closing of the transaction, which is subject to approval by anti-trust authorities, is expected to take place during the next few months. Financial terms were not disclosed

Andritz to supply biomass boilers for production of green electricity

International technology Group Andritz has been entrusted with the supply of steam boilers based on fluidized bed combustion technology for power plants in Spain and Portugal using biomass as fuel. The value of the orders is over 80 million Euros.

Financial year 2007: Continuation of profitable growth

• Sales, Order Intake, Order Backlog, and Net Income reach new record highs
• Increase of dividend planned
• Continuation of complementary acquisition policy

Andritz VA TECH HYDRO receives major order from Costa Rica

Andritz VA TECH HYDRO, a member of international technology group Andritz, received an order with a value of approximately 65 million Euros for the supply of electromechanical equipment as well as steel linings and penstocks for the Pirris hydropower plant from Instituto Costarricense de Electricidad (ICE), Costa Rica.

Successful placement of Andritz corporate bond

Andritz AG has today successfully concluded the issue of a public corporate bond with a volume of 150 million Euros and a tenor of seven years.  

Andritz receives further major orders from international stainless steel producers

During the last two months, international technology group Andritz received several major orders for stainless steel annealing and pickling lines, rolling mills, and acid regeneration systems from renowned international stainless steel producers.  The total value of these orders is approximately EUR 250 million.  

Andritz receives major order from Mondi Syktyvkar, Russia

International Technology Group Andritz received an order from Mondi Syktyvkar Pulp and Paper mill in Komi Republic, Russia, to supply a new recovery boiler, evaporation plant, and woodyard.  The order also includes the rebuild of the existing fiberline.  The typical order value for such a project is 100-130 MEUR; order completion is scheduled for 2010.