ANDRITZ SHARE
Split of shares
Based on the resolution by the Annual General Meeting, the Andritz share was split in ratio of 1:4 on May 3, 2007. The number of shares is thereby quadrupled, from 13,000,000 to 52,000,000 no-par value shares. With this split of shares, Andritz has intended to facilitate the tradability of its shares and to increase their attractiveness, especially for retail investors. All historical share price data was adjusted accordingly.
Share price development
During 2007, the Andritz share price showed a mixed development. After a very strong increase of approximately 20% during the First Three Quarters of 2007, the Andritz share price significantly declined during the Fourth Quarter of 2007 in step with all major international stock markets. Concerns among institutional investors about a potential significant negative impact of the U.S. sub-prime crisis on the global economy led to global sell-off on the international stock markets, thus wiping out practically all the gains of the First Three Quarters of 2007.
As a consequence, the Andritz share price increased by only 2.6% in 2007, but again outperformed the ATX (leading stock exchange index of the Vienna Stock Exchange), which declined by 1.0% during the same period. The highest closing price of the Andritz share during the reporting period was 54.00 Euros (July 13, 2007), the lowest 35.80 Euros (November 22, 2007).
Trading volume
In 2007, the average daily trading volume of Andritz shares at the Vienna Stock Exchange was 452,909 shares (2006: 355,580 shares). The highest daily trading volume was 2,097,854 shares (November 20, 2007), the lowest 85,240 shares (January 2, 2007).
Shareholder structure
Andritz has a very stable and well balanced shareholder structure. Approximately 26% of the shares are owned by Certus Beteiligungs GmbH whose Managing Director is Wolfgang Leitner, President and CEO of Andritz. With over 70% of free float, Andritz has a widely diversified shareholder structure consisting of institutional investors and private retail shareholders. The majority of institutional investors come from Anglo-Saxon countries (particularly Great Britain and the USA), but also from Austria and Germany. Private retail investors are mainly based in Austria and Germany.
Shareholder structure of the
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Shareholder structure of Andritz
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Development of the Andritz share
Relative share price performance or the Andritz share vs. the ATX since the IPO.
Investor Relations
In 2007, approximately 230 individual one-on-one meetings (2006: approximately 190 meetings) with institutional shareholders and financial analysts were held in London, Edinburgh, Milan, New York, Denver, Austin, San Francisco, San Diego, Boston, Toronto, Montreal, Lisbon, Madrid, Sydney, Singapore, Shanghai, Tokyo, Zürich, Brussels, Amsterdam, Helsinki, Paris, Vienna, and Frankfurt. Andritz also presented itself at various investor conferences, such as JPMorgan’s Capital Goods Conference in London; Sal. Oppenheim’s Small and MidCap Conference in New York; Bank Austria’s Austrian Investor Conference in Kitzbühel, Austria; and at the Investor Conference of Erste Bank in Stegersbach, Austria.
The 2007 Andritz Capital Market Days – held on 22-25 October in China – focused on Andritz’s activities in China (visit to Andritz Technologies and the new stainless steel foundry Andritz-Wolfensberger), and the Rolling Mills and Strip Processing Lines Business Area, including a visit to the SKS ThyssenKrupp stainless steel mill in Shanghai.
Analyst coverage further broadened
At the end of August 2007, Crédit Agricole Cheuvreux Frankfurt initiated the research coverage on Andritz. As a consequence, 11 national and international banks and investment companies publish reports on Andritz on a regular basis. They are (in alphabetical order): Berenberg Bank, Cheuvreux, Deutsche Bank, Erste Bank, Goldman Sachs, JPMorgan, Kaupthing Sofi, Sal. Oppenheim, Raiffeisen Centrobank, UBS, and Unicredit.
Stock Exchange figures for Andritz shares
Note: On May 3, 2007, the Andritz share was split in a ratio of 1:4;
historical share price data and stock exchange related figures were adjusted accordingly.
| 2007 | 2006 | 2005 | 2004 | 2003 | |
| Highest closing price (EUR) | 54.00 | 41.08 | 23.21 | 14.13 | 9.49 |
| Lowest closing price (EUR) | 35.80 | 23.13 | 14.15 | 8.75 | 5.25 |
| Closing price at year-end (EUR) | 41.45 | 41.08 | 23.21 | 14.03 | 9.49 |
| Market capitalization as of 31.12. (MEUR) | 2,155.4 | 2,135.9 | 1,207.1 | 729.3 | 493.4 |
| Performance | +2.6% | +74.9% | +62.8% | +52.5% | +65.0% |
| ATX weighting as of 31.12. (%) | 2.3946 | 2.4077 | 1.8200 | 1.7656 | 2.3250 |
| Average daily number of shares traded | 452,909 | 355,580 | 335,972 | 282,976 | 181,640 |
Stock exchange figures for Andritz shares (Download size 23 KB)
Source: Vienna Stock Exchange
Key figures for Andritz shares
| ISIN Code | AT0000730007 |
| First Listing Day | June 25, 2001 |
| Types of Shares | no-par value shares, bearer shares |
| Total Number of Shares | 52 million |
| Authorized Capital | none |
| Free Float | approximately 72% |
| Stock Exchange | Vienna (Prime Market) |
| Ticker Symbols | Reuters: ANDR.VI; Bloomberg: ANDR, AV |
| Stock Exchange Indices | ATX, ATXPrime, WBI |
Contact
Andritz Investor RelationsDr. Michael Buchbauer (Head)
Petra Wolf (Assistant)
Stattegger Strasse 18, 8045 Graz, Austria
Phone: +43 316 6902 2722
Fax: +43 316 6902 465
welcome@andritz.com
www.andritz.com