These provisions will have a significant negative impact on the earnings of the Group in the fourth quarter of 2013, and consequently also on the full year results for 2013.

The reasons for the provisions are additional project cost overruns resulting from strikes on the site and additional expenses for construction and erection work. According to Andritz, from today’s perspective, there is no evidence of a need for further financial provisions – however, they cannot be excluded. Start-up of the plant is expected in the first quarter of 2014.