Andritz AG announced that in view of the favorable earnings development in the first three quarters and on the basis of the current order backlog, the company now expects for the full year 2020 approximately the same level of profitability (EBITA margin) excluding extraordinary effects (provisions for capacity adjustments) as last year (EBITA margin 2019 excluding extraordinary effects: 6.8%). Profitability including extraordinary effects (EBITA margin reported for 2020) is expected to remain stable or increase slightly from today's perspective compared to the previous year (EBITA margin reported for 2019: 5.1%). The guidance for sales development remains unchanged. From today's perspective, ANDRITZ expects slightly lower sales for the 2020 business year compared to 2019 (6,674 MEUR). However, if the infection figures continue to increase worldwide in the coming weeks and months and additional countries or regions order lockdowns, this could have negative effects on the processing of orders and on order intake and hence, a negative effect on ANDRITZ's financial development. In addition to the provisions for capacity adjustments considered in the fourth quarter of 2020 and in the above guidance, this could create a need for further financial provisions for additional adjustments in individual business areas that could have a negative effect on the earnings of the ANDRITZ GROUP.