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ANDRITZ confirms long-term corporate

Published On : 06 Oct, 2010

At the ANDRITZ Capital Market Day 2010, Wolfgang Leitner, President and CEO of ANDRITZ AG, today confirmed the international technology Group’s long-term goals.

GROUP’s financial goals are to achieve a sustained average EBITA margin of 7% over the cycle and Group sales of approximately 4.5 billion Euros by 2013/2014’,

Assuming Group sales of approximately 4.5 billion Euros, an EBITA margin of 7%, and a tax rate of 30%, earnings per share of around 4.15 EUR could be achieved in 2014 (2008: 2.73 EUR per share; 2009:1.89 EUR per share). ANDRITZ has increased its earnings per share by an annual average of 17.3% since 2000.

ANDRITZ intends to continue its dividend policy focused on continuity. After increasing the dividend payout ratio to approximately 50% for the 2009 business year, ANDRITZ aims to increase this ratio gradually to around 60% over the next few years.

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