Andritz receives Viennese Stock Exchange Award 2008
The assessment criteria included: financial reports (e. g. depth of information of annual and quarterly reports, disclosure in accordance with the Corporate Governance Code), Investor Relations activities (e. g. completeness of the flow of information, availability, readiness to do roadshows), strategy and business management (clarity and detailedness of strategy, accuracy of forecasts, risk indication), and market-related factors (price performance and liquidity of the shares in 2007).
The Andritz Group has won several awards for its Investor Relations activities before, including prizes for special achievements in the areas of Corporate Governance und Investor Relations Online. As Dr. Michael Buchbauer, Head of Corporate Communications and Investor Relations of the Andritz Group, said: "This prize recognizes and confirms our extensive and long-term Investor Relations activities which we perform for retail and institutional investors alike."
This year's Viennese Stock Exchange Award was for the first time conferred jointly by Aktienforum(Austrian Association of Share Issuers and Investors), C.I.R.A. (Cercle Investor Relations Austria), ÖVFA (Austrian Association for Financial Analysis and Asset Management), VÖIG (Association of Austrian Investment Companies), the Viennese Stock Exchange and the Government's commissioner for the Austrian capital market. The award winners were selected by a panel of judges of ÖVFA, with capital market experts from the eleven leading investment houses in Austria taking part in the assessment.
The Andritz Group is a global market leader in the supply of customized plants, systems, and services for the pulp and paper industry, the hydropower industry, the steel industry, and other specialized industries (solid/liquid separation, feed, and biofuel). Headquartered in Graz, Austria, the Group has about 12,900 employees worldwide. It manufactures and sells its products and services globally.