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Andritz AG (ANDR.VI)

ANDR.VI on Vienna Stock Exchange

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€-0.84 (-2.07%)
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Tue, Nov 6 2018

UPDATE 2-Andritz lowers profitability target as seeks to cut costs, shares dive

* 2018 EBITA margin seen below 2017 level (Adds details, shares, background)

Andritz's Q3 operating profit misses expectations

VIENNA, Nov 6 Engineering group Andritz reported lower-than-expected third-quarter operating profit on Tuesday, largely due to high costs and lower margins in its metals unit.

Austria's Andritz buys U.S. firm Xerium for $833 million in cash

VIENNA Austrian engineering group Andritz has agreed to buy Xerium Technologies , a supplier of paper industry products, in a $833 million cash deal that helps diversify its offerings.

UPDATE 3-Austria's Andritz buys U.S. firm Xerium for $833 mln in cash

* Andritz shares gain 5.7 percent, Xerium shares double (New throughout, adds details, comment from Barington Capital, updates share price)

Austria's Andritz agrees to buy U.S. firm Xerium in $833 mln deal

VIENNA, June 25 Andritz has agreed to buy U.S. machine industry company and supplier Xerium Technologies in a cash deal worth roughly $833 million, the Austrian engineering group said on Monday.

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