ANDRITZ SHARE
Share price development
During the first quarter of 2008, the development of the Andritz share price was continued to be influenced by the negative sentiment on the international financial markets. Uncertainties with regard to the further development of the global economy as a result of the subprime crisis in the USA continued to weigh on investors’ sentiment. In line with the peer group, the Andritz share price decreased by 12.7% during the first quarter of 2008, but again outperformed the ATX, the leading stock index on the Vienna stock exchange, which fell by 16.5% during the same period.
The highest closing price of the Andritz share during the reporting period was 39.81 Euros (January 2, 2008), the lowest was 30.94 Euros (March 20, 2008).
Share price performance of the Andritz share vs. the ATX (April 1, 2007-March 31, 2008)
Note: On May 3, 2007, the Andritz share was split in a ratio of 1:4; historical price data were adjusted accordingly.
Trading volume
The average daily trading volume during the first quarter of 2008 was 542,082 shares (Q1 2007: 360,516 shares). The highest daily trading volume was noted on February 14, 2008 (1,052,494 shares), the lowest trading volume on March 10, 2008 (218,892 shares).
Share buy-back
On March 27, 2008 the annual general meeting of shareholders authorized the Executive Board to buy back and sell up to 10% of Andritz’s total shares capital for 30 months, starting October 1, 2008. The minimum price was fixed at 5.00 EUR per share, the maximum price for buy-back shares was fixed at 30% above the average unweighted closing price during the ten trading days preceding the buy-back.
Stock option program
The annual general meeting of shareholders also approved a stock option program (SOP) for the members of the Executive Board and approximately 50–70 executives of the Andritz Group. Participation in the SOP is contingent on investing at least 20,000 EUR (40,000 EUR for the members of the Executive Board) in Andritz shares and owning these shares uninterruptedly until the exercise of these options, which is contingent on a certain share price increase as well as a certain increase of earnings per share. Options may be exercised between May 1, 2010 and April 30, 2012.
Investor relations
During the first quarter of 2008, meetings with institutional investors were held in Lugano, Milan, Boston, Salt Lake City, San Francisco, Vancouver, Denver, New York, Tokyo, London, Frankfurt, Brussels, and Paris.
In the reporting period, Capital Bank, Austria initiated the research coverage on Andritz. As a consequence, already 12 national and international banks and investment companies publish reports on Andritz on a regular basis. They are (in alphabetical order): Berenberg Bank, Capital Bank, Crédit Agricole Cheuvreux, Deutsche Bank, Erste Bank, Goldman Sachs, JPMorgan, Kaupthing Sofi, Sal. Oppenheim, Raiffeisen Centrobank, UBS, and Unicredit.
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 |
Key figures for Andritz shares (Download size 19 KB)
Stock exchange figures
| Q1 2008 | Q1 2007 | 2007 | |
| Highest closing price (EUR) | 39.81 | 47.53 | 54.00 |
| Lowest closing price (EUR) | 30.94 | 38.12 | 35.80 |
| Closing price as of end of period (EUR) | 34.77 | 46.95 | 41.45 |
| Market capitalization as of end of period (MEUR) | 1,808.0 | 2,441.3 | 2,155.4 |
| Performance | -12.7% | +16.2% | +2.6% |
| ATX weighting as of end of period (%) | 2.4619 | 2.7090 | 2.3946 |
| Average daily number of shares traded | 542,082 | 360,516 | 452,909 |
Stock exchange figures (Download size 21 KB)
Note: On May 3, 2007, the Andritz share was split in ratio of 1:4; historical share price data and stock exchange related figures were adjusted accordingly. Source: Vienna Stock Exchange
Financial calendar for 2008
| August 1, 2008 | Results for the first half of 2008 |
| November 7, 2008 | Results for Q1-Q3 2008 |
Further information about planned roadshows, participations in investor conferences, etc. can be found on www.andritz.com
Shareholder structure in % as of March 31, 2008
Shareholder structure of the free float by region in % as of March 31, 2008
For information please contact:
Dr. Michael Buchbauer
Corporate Communications/Investor Relations
michael.buchbauer@andritz.com
Phone: +43 316 6902 2979
Fax: +43 316 6902 465