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 prior low capital orders. Profitability remained stable, service revenue hit a record, and guidance for 2025 and 2027 is unchanged amid strong backlog and ongoing restructuring.
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%. Profitability remained stable, with EBITDA margin at 8.5%, while restructuring and macroeconomic headwinds persist. Guidance for 2024 was revised to slightly decreasing revenue.
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Stable financials with improved margins and strong growth in environment and energy offset declines in capital business. Guidance for 2024 and 2026 targets are confirmed, with project activity picking up but order conversion still slow due to macro uncertainties.