1 Table of Contents 3
1.1 List of Tables 8
1.2 List of Figures 9
2 Company Snapshot 10
2.1 Key Information 10
2.2 Company Overview 10
2.3 Financial Performance 10
2.4 SWOT Snapshot 10
3 Business Description 11
3.1 Business Overview 11
3.2 Environment and Process 11
3.2.1 Overview 11
3.2.2 Production 11
3.2.3 Financials 11
3.2.4 Capital Expenditure 12
3.2.5 Market View 12
3.2.6 Key Strategies 12
3.3 Feed and Biofuel 12
3.3.1 Overview 12
3.3.2 Production 13
3.3.3 Financials 13
3.3.4 Capital Expenditure 13
3.3.5 Market View 13
3.3.6 Key Strategies 13
3.4 Hydro Power 14
3.4.1 Overview 14
3.5 Hydro Power 14
3.5.1 Overview 14
3.5.2 Production 14
3.5.3 Financials 14
3.5.4 Capital Expenditure 14
3.5.5 Key Strategies 15
3.6 Pulp and Paper 15
3.6.1 Overview 15
3.6.2 Production 15
3.6.3 Financials 15
3.6.4 Capital Expenditure 15
3.6.5 Market View 16
3.6.6 Key Strategies 16
3.7 Rolling Mills and Strip Processing Lines 16
3.7.1 Overview 16
3.7.2 Production 16
3.7.3 Financials 17
3.7.4 Capital Expenditure 17
3.7.5 Market View 17
3.7.6 Key Strategies 17
3.8 Major Products and Services 17
3.8.1 Overview 17
4 History 19
5 Business Strategy 23
5.1 Mission Statement 23
5.2 Strategy 23
5.3 Corporate Social Responsibility 24
5.3.1 Overview 24
6 Value Chain Analysis 25
6.1 Equipment Manufacturing 25
6.1.1 Overview 25
6.1.2 Financials, Production and Major Projects 26
6.2 Consulting 26
6.2.1 Overview 26
6.2.2 Financials, Production and Major Projects 26
7 SWOT Analysis 27
7.1 Overview 27
7.2 Andritz AG Strengths 27
7.2.1 Strong Financial Growth 27
7.2.2 Acquisition of VA TECH HYDRO 27
7.2.3 Global Presence 28
7.3 Andritz AG Weaknesses 28
7.3.1 Legal Proceedings 28
7.3.2 Operational Risk 28
7.3.3 Declining Revenues in America and China 28
7.4 Andritz AG Opportunities 28
7.4.1 Higher Growth Prospects in Hydro Power Sector 28
7.4.2 Expansion of Service Business 29
7.4.3 High Project Activities in Paper and Pulp Segment 29
7.5 Andritz AG Threats 29
7.5.1 Volatility of Incoming Orders 29
7.5.2 Foreign Exchange Risk 29
7.5.3 Intense Competition 29
8 Competitors 31
9 Revenue Analysis 32
9.1 Revenue by Segment 32
9.2 Revenue by Geography 32
10 Financial and Operational Review 34
10.1 Financial Statements 34
10.2 Financial Ratios 35
11 Operational Indicators 36
12 Key Employees 37
13 Key Employee Biographies 38
14 Company Statement 39
15 Locations And Subsidiaries 41
15.1 Head Office 41
15.2 Other Locations & Subsidiaries 41
16 Recent Developments 44
16.1 New Contracts 44
16.1.1 Jun 03, 2008: Andritz To Supply Electro-Mechanical Equipment For The Xekaman 3 Hydropower Plant, Laos 44
16.1.2 May 14, 2008: Andritz Wins New Order From Enerjisa 44
16.1.3 Apr 29, 2008: Andritz Wins Orders To Supply Biomass Boilers To Spain And Portugal 44
16.1.4 Feb 22, 2008: Andritz Receives EUR65 Million Order From ICE 45
16.1.5 Feb 14, 2008: Andritz To Supply First StrafloMatrix Plant To Italy 45
16.1.6 Dec 19, 2007: Andritz Wins Orders From India 45
16.1.7 Nov 22, 2007: Andritz Wins Order From Electricity Utility Elektroprivreda Serbia 46
16.1.8 Nov 22, 2007: Andritz Receives Order In Serbia 46
16.1.9 May 03, 2007: Andritz Wins Three Contracts In Italy 46
16.1.10 Jan 24, 2007: Andritz Receives Modernization Contract In Venezuela 47
16.1.11 Dec 21, 2006: Andritz And MCE Industrietechnik Linz Wins Order From Switzerland 47
16.2 Financial Announcements 48
16.2.1 Aug 01, 2008: Andritz Declares 1H 2008 Results 48
16.2.2 May 07, 2008: Andritz Declares Q1 2008 Results 49
16.2.3 Mar 27, 2008: Andritz Declares Annual Dividend 50
16.2.4 Nov 07, 2007: Andritz Declares Q3 2007 Results 50
16.2.5 Aug 03, 2007: Andritz Declares H1 2007 Results 51
16.2.6 May 07, 2007: Andritz Declares Q1 2007 Results 52
16.2.7 Mar 01, 2007: Andritz Declares Full Year 2006 Results 53
16.2.8 Nov 07, 2006: Andritz Declares Nine Months 2006 Results 54
16.2.9 Aug 04, 2006: Andritz Declares H1 2006 Results 55
16.2.10 May 05, 2006: Andritz Declares Q1 2006 Results 56
16.2.11 Mar 02, 2006: Andritz Declares Year 2005 Results 57
17 Appendix 59
17.1 Methodology 59
17.2 About Global Markets Direct 59
17.3 Contact Us 59
17.4 Disclaimer 59
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