EQS-News: Changes to ANDRITZ business areas

EQS-News: Andritz AG / Key word(s): Miscellaneous
   Changes to ANDRITZ business areas

   18.01.2024 / 13:35 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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     • New business area established: Environment & Energy
     • Hydro business area renamed Hydropower
     • New financial reporting structure as of Q1 2024

   GRAZ, JANUARY 18, 2024.  To align its business activities even more
   closely with the markets served, international technology group ANDRITZ
   has combined several of its environmental and energy-focused technologies
   in one business area named “Environment & Energy”.

   ANDRITZ Environment & Energy focuses on sustainable solutions. Its
   comprehensive product portfolio includes systems for green hydrogen, P2X,
   carbon capture, flue gas cleaning, solid/liquid separation, feed and food
   processing, and pumps for various processes.

   The business area offers these systems, as well as related automation and
   digitalization solutions and services, to a wide range of industries.

   ANDRITZ now operates with the following four business areas:

     • Pulp & Paper
     • Hydropower (renamed from “Hydro”)
     • Metals
     • Environment & Energy

   The new business area structure will be reflected in the company’s
   financial reporting starting in Q1 2024.

   – End –

   PRESS RELEASE FOR DOWNLOAD
   The press release is available for download at [1]andritz.com/news.

   FOR FURTHER INFORMATION, PLEASE CONTACT
   Susan Trast
   Vice President Group Communications and Marketing
   [2][email protected]
   [3]andritz.com

   ANDRITZ GROUP
   International technology group ANDRITZ offers a broad portfolio of
   innovative plants, equipment, systems, services and digital solutions for
   a wide range of industries and end markets. Sustainability is an integral
   part of the company’s business strategy and corporate culture. With its
   extensive portfolio of sustainable products and solutions, ANDRITZ aims to
   make the greatest possible contribution to a sustainable future and help
   its customers achieve their sustainability goals. ANDRITZ is a global
   market leader in all four of its business areas – Pulp & Paper, Metals,
   Hydropower and Environment & Energy. Technological leadership and global
   presence are cornerstones of the group’s strategy, which is focused on
   long-term profitable growth. The publicly listed group has around 30,000
   employees and over 280 locations in more than 40 countries.

    

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   18.01.2024 CET/CEST This Corporate News was distributed by EQS Group AG.
   www.eqs.com

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   Language:    English
   Company:     Andritz AG
                Stattegger Straße 18
                8045 Graz
                Austria
   Phone:       +43 (0)316 6902-0
   Fax:         +43 (0)316 6902-415
   E-mail:      [email protected]
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1818129


    
   End of News EQS News Service


   1818129  18.01.2024 CET/CEST

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