Austria · Delayed Price · Currency is EUR Andritz AG Earnings Call Transcripts
Fiscal Year 2026
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Record order intake and backlog driven by Hydropower and Pulp & Paper, with stable profitability and strong cash flow. Guidance for 2026 and midterm targets confirmed, while FX and geopolitical risks are being managed.
Fiscal Year 2025
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Order intake rose 8% to €8.9B with record backlog, while revenue dipped 5% to €7.9B but rebounded in Q4. EBITDA margin held steady despite FX and restructuring costs. 2026 guidance targets €8.0–8.3B revenue and higher CapEx, with ongoing restructuring in Metals and E&E.
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Order intake rose 20% YTD and backlog neared record highs, driven by power generation demand, while revenue fell 8% year-over-year due to FX and early project stages. Margins held steady, restructuring improved profitability, and acquisitions boosted service and local presence.
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Order intake surged 26% in Q2, led by hydropower and metals, while revenue declined 8% due to prior year order weakness and FX headwinds. Margin stability was maintained through increased service share and cost reductions, with four strategic acquisitions expected to be margin accretive.
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Order intake rose 20% year-over-year, led by pulp and paper and hydropower, while revenue declined 7% due to lower capital business. EBITDA margin remained stable, service revenue hit a record 44%, and the order backlog reached EUR 10.2 billion. Guidance for 2025 and midterm targets remain unchanged.
Fiscal Year 2024
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Record Q4 order intake and strong service growth led to a stable EBITDA margin and record net income margin of 6%. 2025 guidance targets EUR 8.0–8.3 billion revenue and 8.6–9% EBITDA margin, with midterm goals of EUR 9–10 billion revenue and >9% margin.
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Order intake rose 6% year-over-year in Q3, but revenue declined 3% and order backlog fell 9%, mainly due to Pulp and Paper. Profitability remained stable, with EBITDA margin at 8.5%, while restructuring and cost management actions were intensified to protect margins amid slow market recovery.
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Stable financial performance with improved margins and strong growth in environment and energy offset a decline in order intake. Guidance for 2024 is confirmed, with robust cash flow and a solid order backlog supporting future growth.