EQS-News: ANDRITZ announces increased financial targets

EQS-News: Andritz AG / Key word(s): Miscellaneous
   ANDRITZ announces increased financial targets

   24.01.2024 / 11:00 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   GRAZ, JANUARY 24, 2024.  International technology group ANDRITZ is holding
   its Capital Markets Day 2024 in Leipzig today, January 24. It features
   presentations by the Executive Board members on subjects such as the
   company's strategy, its execution, the market outlook, and updated
   strategic targets.

   ANDRITZ is announcing new financial targets, to be achieved by 2026 as
   follows:

     • Revenue exceeding 10 billion EUR
     • EBITA margin surpassing 9%
     • Net income margin above 6%

   Moreover, ANDRITZ will continue to pursue its successful M&A strategy,
   focusing on service and digitalization.

   The presentation materials are available on the group’s website at:
   [1]andritz.com/investors

   The event will be recorded, and the recording will also be accessible on
   the website.

   – End –

   PRESS RELEASE FOR DOWNLOAD
   The press release is available for download at [2]andritz.com/news.

   FOR FURTHER INFORMATION, PLEASE CONTACT
   Susan Trast
   Vice President Group Communications and Marketing
   [3]susan.trast@andritz.com
   [4]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 80 countries.

    

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   24.01.2024 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:      welcome@andritz.com
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1821643


    
   End of News EQS News Service


   1821643  24.01.2024 CET/CEST

References

   Visible links
   1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=676b680671cccf13fc1348ff6d2be00f&application_id=1821643&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=57407ee1650489e3df184cb5bc316bcf&application_id=1821643&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
   3. mailto:susan.trast@andritz.com
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c4f006ff249d8b5cd67063508605c06f&application_id=1821643&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

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