ANDRITZ: sales of over 4 billion EUR expected for 2011, increase to more than 4.5 billion EUR planned for 2012
Based on Group sales of 4.5 billion EUR, an EBITA margin of 7%, and a tax rate of 30%, earnings per share of about 4.23 EUR could be reached in 2012 (2008: 2.73 EUR per share; 2009: 1.89 EUR per share; 2010: 3.48 EUR per share), corresponding to an average annual growth of over 20% in earnings per share since 2000.
ANDRITZ wants to continue its dividend policy, which is focused on maintaining continuity, and aims to increase the dividend payout ratio steadily to approximately 60% in the next few years.
Certain statements contained in this press release constitute "forward-looking statements." These statements, which contain the words "believe", "intend", "expect", and words of a similar meaning, reflect the Executive Board's beliefs and expectations and are subject to risks and uncertainties that may cause actual results to differ materially. As a result, readers are cautioned not to place undue reliance on such forward-looking statements. The company disclaims any obligation to publicly announce the result of any revisions to the forward-looking statements made herein, except where it would be required to do so under applicable law.
The ANDRITZ GROUP is a global market leader for supply of systems and services to the hydropower, pulp and paper, metals, and other specialized industries (solid/liquid separation, feed and biofuel). The Group is headquartered in Graz, Austria, and has a staff of approximately 16,100 employees worldwide. ANDRITZ operates over 180 production sites, service and sales companies all around the world.