Solid performance

Share price development

The development on international financial markets was negatively impacted by the prevailing Euro crisis and global economic slowdown in 2011. Within a very weak and volatile stock exchange environment, the price of the ANDRITZ share fell by 7.6% during the reporting period. However, this decline was significantly less than the drop of the ATX, the leading share index of the Vienna Stock Exchange, which fell by 35.9% during the same period. In 2011, the highest closing price of the ANDRITZ share was 75.50 EUR (July 13), while the lowest was 54.82 EUR (August 8).

Solid trading volume

The average daily trading volume of the ANDRITZ share (double count, as published by the Vienna Stock Exchange) was 284,069 shares in the reporting period (2010: 230,773 shares). The highest daily trading volume was noted on August 9, 2011 (1,241,280 shares); the lowest trading volume on December 27, 2011 (19,820 shares).

Stable and well-balanced shareholder structure

ANDRITZ has a very stable and well-balanced shareholder structure. Slightly less than 30% of the shares are owned by Certus Beteiligungs-GmbH, whose Managing Director is Wolfgang Leitner, President and CEO of ANDRITZ AG. With about 70% free float, ANDRITZ has a widely diversified shareholder structure consisting of institutional investors and retail shareholders. The majority of institutional investors come from the Anglo-Saxon countries (particularly UK and USA), but also from Austria and Germany. Retail investors are mainly based in Austria and Germany.

 
   

High level of interest by investors worldwide

In 2011, around 300 one-on-one meetings with institutional investors and financial analysts were held during international investor conferences and meetings with various investor groups worldwide, for example in Amsterdam, Austin, Boston, Chicago, Denver, Edinburgh, Frankfurt, Kitzbühel, London, Lugano, Milan, Munich, New York, Paris, San Diego, San Francisco, Tokyo, Toronto, Zurich, and Zürs. In order to expand the regional distribution of the shareholder structure, new investors in Australia and Singapore were targeted in particular.

For private shareholders, ANDRITZ gave presentations at the roadshow of the Vienna Stock Exchange and Hypo Oberösterreich bank in Linz, and the “Börseexpress roadshow” in Graz. In addition, guided workshop visits were arranged for investment clubs.

At the ANDRITZ Capital Market Days in Salzburg, attended by more than 20 international and Austrian analysts and fund managers, the Executive Board provided information on current developments and expectations for the business areas, as well as the goals of the ANDRITZ GROUP in the medium to long-term.

Awards for Investor Relations

The ANDRITZ annual report once again received international awards: At the ARC Awards in New York – the world’s premier and largest annual report competition – the 2010 annual report took first place with a “Gold Award”. At the Galaxy Awards, an international corporate communication and marketing prize, the annual report came in second in the category of best annual report in the industry sector.

For the third time, ANDRITZ took first place in the main category of the Vienna Stock Exchange award. The “ATX Prize” is awarded to companies in the leading index of the Vienna Stock Exchange for excellent information policy and Investor Relations activities in the Austrian capital market.

Since the Initial Public Offering in 2001, the ANDRITZ GROUP has received several national and international awards for its Investor Relations activities, e.g. for special achievements in Corporate Governance, online Investor Relations, and “Best European Investor Relations” for the “Engineering and Machinery” market.

Broad international coverage

Baader Bank, Bank of America Merrill Lynch, and Commerzbank initiated coverage of ANDRITZ during the reporting period. Thus, the following international banks and investment houses were publishing research reports on ANDRITZ on a regular basis as of the end of 2011: Baader Bank, Bank of America Merrill Lynch, Berenberg Bank, Commerzbank, Crédit Agricole Cheuvreux, Deutsche Bank, Erste Bank, Goldman Sachs, Hauck & Aufhäuser, HSBC Trinkaus, J.P. Morgan, Raiffeisen Centrobank, and UBS.

Key figures of the ANDRITZ share

  Unit 2011 2010 2009 2008 2007
Earnings per share EUR 4.49 3.48 1.89 2.73 2.61
Dividend per share EUR 2.201) 1.70 1.00 1.10 1.00
Payout ratio % 49.0 48.9 52.9 40.3 38.3
Equity attributable to shareholders per share EUR 17.49 14.68 12.28 10.59 9.07
Highest closing price EUR 75.50 68.92 41.94 43.53 54.00
Lowest closing price EUR 54.82 39.49 17.50 15.96 35.80
Closing price at end of year EUR 64.10 68.79 40.52 18.16 41.45
Market capitalization (as of end of period) MEUR 3,333.2 3,577.1 2,107.0 944.3 2,155.6
Performance % -7.6 67,78 +111.0 -54.4 +2.6
ATX weighting (as of end of period) % 9.2705 7.3211 4.3701 2.9209 2.3950
Average daily number of shares traded2 Share unit 284,069 230,773 307,029 488,638 452,909

1) Proposal to the Annual General Meeting.  2) Double count, as published by the Vienna Stock Exchange. Source: Vienna Stock Exchange

Key figures of the ANDRITZ share (Download size 22 KB)
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Basic data of the ANDRITZ share

   
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 About 70%
Stock Exchange Vienna (Prime Market)
Ticker symbols Reuters: ANDR.VI; Bloomberg: ANDR, AV
Stock Exchange indices ATX, ATX five, ATXPrime, WBI

Financial calendar 2012

March 1, 2012 Results for the 2011 business year
March 22, 2012 Annual General Meeting
March 26, 2012 Ex-dividend
March 28, 2012 Dividend payment
May 4, 2012 Results Q1 2012
August 7, 2012 Results H1 2012
November 6, 2012 Results Q1-Q3 2012

The financial calendar with updates, as well as information on the ANDRITZ share, can be found on the Investor Relations page at the ANDRITZ website: » www.andritz.com/share

ANDRITZ complies with the rules of the Austrian Corporate Governance Code. The Corporate Governance report and all other related information are contained in the annual financial report 2011 and can also be found at » www.andritz.com.

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