HIGHLIGHTS OF Q1 2008 AT A GLANCE

Order intake and order backlog

Order intake, at 1,195.7 MEUR for the first quarter of 2008, and order backlog, at 4,321.4 MEUR as of March 31, 2008, increase considerably compared to the previous year (order intake for Q1 2007: 1,031.0 MEUR, order backlog as of March 31, 2007: 3,664.5 MEUR).

Sales and earnings

Sales amount to 750.9 MEUR, a slight increase compared to the first quarter of 2007 (730.9 MEUR) – several larger projects were in their initial processing stages, thus making low sales contributions. Earnings before interest and taxes (EBIT) increase by 11.5% compared to the first quarter of 2007, to 42.8 MEUR, thus showing a stronger growth than sales. EBIT margin amounts to 5.7% (Q1 2007: 5.3%). Net income excluding minority interests increases to 30.2 MEUR (Q1 2007: 28.5 MEUR).

Balance sheet structure

Total assets as of March 31, 2008, increase to 2,746.8 MEUR (December 31, 2007: 2,507.5 MEUR); the main reason being the successful issue of a 150 MEUR corporate bond in February 2008. Net liquidity rises to 303.1 MEUR as of March 31, 2008 (December 31, 2007: 246.5 MEUR).

Acquisition

In March 2008, Andritz acquires MAERZ Industrieofenanlagen GmbH, Düsseldorf, Germany, one of the world’s leading suppliers of industrial furnace plants and heat treatment systems, thereby further extending the product portfolio of the Rolling Mills & Strip Processing Lines business area.

Andritz share

Capital Bank, Austria, takes up coverage of the Andritz share during the first quarter of 2008. As a result, already 12 national and international banks and investment houses publish reports on Andritz on a regular basis.

World record

The Metsä-Botnia pulp mill in Fray Bentos, Uruguay, for which Andritz provided all major production technologies, reaches full production within 145 days from start-up (calculated on a 30-day rolling average) – a new world record.