EQS-News: Andritz AG / Key word(s): Quarter Results
ANDRITZ achieves 20% order intake growth in Q1 2025, driven by renewables
and pulp projects
30.04.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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GRAZ, APRIL 30, 2025. International technology group ANDRITZ achieved
strong order growth during the first quarter of 2025, with order intake
increasing by almost 20% compared to the first quarter of 2024. The
positive trend from the second half of 2024 continued, driven by major
orders in the renewables and pulp sectors.
While order intake increased and profitability (comparable EBITA margin)
remained stable at 8.2% (Q1 2024: 8.1%), revenue declined by 6%. Net
income decreased by 14% compared to the first quarter of 2024.
Growth trend in renewables, major orders from USA and Asia
The increase in orders received in the first quarter was largely driven by
the business areas Pulp & Paper (+51.7%) and Hydropower (+14.3%): In Pulp
& Paper, the order intake in Q1 2025 included major pulp mill orders from
the USA and Japan and another project award for a complete pulp mill from
China.
In the Hydropower business area, the ongoing shift towards renewable
energy continued to drive global demand for power plant upgrades and grid
stability. Order intake in the Metals business area remained stable
(-1.0%), while Environment & Energy saw a decline of 3.9% in comparison to
the record-breaking first quarter of the previous year.
Mixed development of revenue
The Group’s revenue reached 1,761 MEUR, a decrease of 6.6% compared to the
first quarter of 2024. While revenue in Environment and Energy (+6.2%) and
Hydropower (+23.3%) went up, the Pulp & Paper (-22.5%) and Metals (-6.3%)
business areas saw a decline, reflecting the weak order intake in 2024.
Complementary acquisition
In February 2025, ANDRITZ acquired LDX Solutions, a leading provider of
emission reduction technologies and related services in the North American
industrial market, further strengthening the group’s offering of
environmental technologies and its presence in the US market. LDX
Solutions will be reported in the Environment & Energy business area.
ANDRITZ CEO Joachim Schönbeck stated, “Considering the uncertain economic
environment, we are overall satisfied with our business performance in the
first quarter. The robust order intake underlines the trust our customers
place in our technologies. We are happy that we could further increase the
share of our service business to stabilize our revenue and profitability.
So far, we have not seen any impact on our business from rising global
tariffs, but we are observing this issue closely.”
The results of the first quarter of 2025 in more detail:
• Order intake amounted to 2,332 MEUR and was thus 19.6% above the level
of the previous year’s reference period (Q1 2024: 1,950 MEUR). This
was largely driven by orders in Pulp & Paper and Hydropower where the
order intake reached 975 MEUR (+51.7%) and 569 MEUR (+14.3%)
respectively. In Environment & Energy, order intake decreased by 3.9%
compared to the high level of Q1 2024, where an increase of 30.5% was
recorded. The order intake of Metals was almost at the same level as
last year (-1.0%).
• The order backlog as of March 31, 2025, amounted to 10,170 MEUR and
has thus increased by 4.3% compared to the end of 2024 (December 31,
2024: 9,750 MEUR).
• While revenue declined by 6.6% overall to 1,761 MEUR (Q1 2024: 1,886
MEUR), the Hydropower (+23.3%) and Environment & Energy (+6.2%)
business areas were able to increase their revenues, driven by the
processing of the high order backlog. Revenue in the Pulp & Paper
(-22.5%) and Metals (-6.3%) business areas declined, reflecting the
weak market environment during 2024.
• The comparable EBITA reached 145 MEUR in the first quarter of 2025
(-5.9% versus Q1 2024: 154 MEUR). The Group’s profitability
(comparable EBITA margin) remained stable at 8.2% (Q1 2024: 8.1%).
• Net income (including non-controlling interests) decreased to 89 MEUR
(Q1 2024: 104 MEUR) on the back of lower EBITA, a reduced financial
result, and slightly higher amortization resulting from recent
acquisitions.
• Operating cashflow went down to 73 MEUR compared to Q1 2024 (285
MEUR), mainly due to a project-related pick-up in working capital.
ANDRITZ confirms its guidance for 2025: Revenue is projected to be between
8.0 billion EUR and 8.3 billion EUR. Based on the ongoing measures to
increase competitiveness and improvements in revenue mix driven by growing
Service business, the comparable EBITA margin is expected to be between
8.6% and 9.0% (excluding non-operating items).
KEY FINANCIAL FIGURES AT A GLANCE
Unit Q1 2025 Q1 2024 +/- 2024
Order intake MEUR 2,332.2 1,950.3 +19.6% 8,276.9
- Pulp & Paper MEUR 974.6 642.5 +51.7% 2,779.8
- Metals MEUR 345.6 349.1 -1.0% 1,707.2
- Hydropower MEUR 568.9 497.6 +14.3% 2,170.5
- Environment & Energy MEUR 443.1 461.1 -3.9% 1,619.4
Revenue MEUR 1,761.3 1,886.4 -6.6% 8,313.7
- Pulp & Paper MEUR 644.9 832.3 -22.5% 3,461.1
- Metals MEUR 411.8 439.5 -6.3% 1,811.2
- Hydropower MEUR 372.8 302.3 +23.3% 1,537.9
- Environment & Energy MEUR 331.8 312.3 +6.2% 1,503.5
Order backlog
(as of end of period) MEUR 10,169.8 10,002.7 +1.7% 9,749.9
EBITDA MEUR 184.7 194.0 -4.8% 887.9
EBITDA margin % 10.5 10.3 - 10.7
Comparable EBITA MEUR 144.5 153.5 -5.9% 742.8
Comparable EBITA margin % 8.2 8.1 - 8.9
EBITA MEUR 141.8 152.4 -7.0% 713.0
EBITA margin % 8.1 8.1 - 8.6
Earnings Before Interest and
Taxes
(EBIT) MEUR 126.7 139.9 -9.4% 661.9
Financial result MEUR -6.7 -0.2 -3,250.0% -15.4
Earnings Before Taxes (EBT) MEUR 120.0 139.7 -14.1% 646.5
Net income
(including non-controlling
interests) MEUR 89.2 104.1 -14.3% 496.5
Cash flow from operating
activities MEUR 73.2 285.3 -74.3% 636.5
Capital expenditure MEUR 50.4 39.7 +27.0% 237.5
Employees
(as of end of period; without
apprentices) - 30,221 29,933 +1.0% 30,003
All figures according to IFRS. Due to the utilization of automatic
calculation programs, differences can arise in the addition of rounded
totals and percentages. MEUR = million euros. EUR = euros.
– End –
PRESS RELEASE AVAILABLE FOR DOWNLOAD
This press release is available for download at (1)andritz.com/news on the
ANDRITZ web site.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Niklas Jelinek
External Communications Lead / Media Relations
(2)press@press.andritz.com
(3)andritz.com
Matthias Pfeifenberger
Head of Investor Relations
(4)investors@andritz.com
(5)andritz.com
ANDRITZ GROUP
International technology group ANDRITZ provides advanced plants,
equipment, services, and digital solutions for a wide range of industries,
including pulp and paper, metals, hydropower, environmental, and others.
Founded in 1852 and headquartered in Austria, the publicly listed group
employs about 30,000 people at 280 locations in over 80 countries.
As a global leader in technology and innovation, ANDRITZ is committed to
fostering progress that benefits customers, partners, employees, society,
and the environment. The company’s growth is driven by sustainable
solutions enabling the green transition, advanced digitalization for
highest industrial performance, and comprehensive services that maximize
the value of customers’ plants over their entire life cycle. ANDRITZ. FOR
GROWTH THAT MATTERS.
ANNUAL AND FINANCIAL REPORTS
The annual and financial reports are available for download on the ANDRITZ
web site at (6)andritz.com.
DISCLAIMER
Certain statements contained in this press release constitute
“forward-looking statements”. These statements, which contain the words
“believe”, “intend”, “expect”, and words of a similar meaning, reflect the
Executive Board’s beliefs and expectations and are subject to risks and
uncertainties that may cause actual results to differ materially. As a
result, readers are cautioned not to place undue reliance on such
forward-looking statements. The company disclaims any obligation to
publicly announce the result of any revisions to the forward-looking
statements made herein, except where it would be required to do so under
applicable law.
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30.04.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 2127090
End of News EQS News Service
2127090 30.04.2025 CET/CEST
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