As a result, Andritz has suspended it sales and earnings forecast for 2020 as disclosed at the presentation of the results for 2019 and anticipating a slight increase in sales and unchanged earnings before extraordinary effects (EBITA) compared to 2019 (before extraordinary effects). At the moment, it is impossible to estimate the effects on sales and earnings in 2020.
In order to counteract a possible drop in sales as best as possible, Andritz has already initiated temporary cost-saving measures in many countries where the Group is active.
A change of the resolution concerning use of profits (dividend proposal) is not planned at the moment, however – depending on the further development of the corona crisis – this cannot be excluded.
The Annual General Meeting originally scheduled for 25 March 2020, had to be canceled due to the regulations introduced by the Austrian Federal Government.
_{(Source: ANDRITZ AG)}