EQS-News: Andritz AG / Key word(s): Annual Results
ANDRITZ reports satisfactory results for 2024
06.03.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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• Strong order intake in Q4 brings book-to-bill ratio to 1
• Revenue declined slightly by 4%, EBITA margin remained stable
• Net income margin increased to 6%, reaching 2026 target prematurely
• Increase in dividends to 2.60 EUR per share
GRAZ, MARCH 6, 2025. Despite a continuously challenging market
environment, international technology group ANDRITZ achieved satisfactory
results in 2024.
The Group’s order intake in 2024 reached 8.28 billion EUR, slightly below
the previous year (‑3%). Pulp & Paper and Metals declined, while the
Hydropower and Environment & Energy business areas saw significant growth,
increasing their order intake by 7% and 8%, respectively.
The Group’s revenue, at 8.31 billion EUR, fell just short of the 2023
record high (-4%). Fueled by ANDRITZ’s strong focus on its Service
business, Service revenue continued to grow across all business areas,
increasing to 41% (2023: 38%) of total revenue. This positive shift in
revenue mix, coupled with strong project execution, enabled ANDRITZ to
improve its operational profitability (comparable EBITA margin) to 8.9%
(2023: 8.7%). Considering the provisions made for capacity adjustments,
ANDRITZ achieved a stable EBITA margin of 8.6%. While net income remained
stable at 496.5 MEUR (-1.5%), the net income margin increased to 6.0%
(2023: 5.8%), reaching a record high.
Looking at the fourth quarter of 2024, order intake picked up considerably
to 2.53 billion EUR (+24% vs. Q4 2023), contributing strongly to the
full-year figure. Orders increased significantly in Hydropower, reaching
942 MEUR (+54%) due to a major order. Increases were also achieved in Pulp
& Paper, where order intake rose to 812 MEUR (+25%), and Metals, where
order intake reached 403 MEUR (+6%). While revenue declined in the fourth
quarter, reaching 2.29 billion EUR (-7%), operational profitability went
up to 10.2% (2023: 10.0%), and net income declined slightly to 154 MEUR
(-3% vs. Q4 2023).
Subject to the approval of the Annual General Meeting, shareholders will
benefit from the satisfactory performance through a dividend increase to
2.60 EUR (2023: 2.50 EUR) per share.
ANDRITZ CEO Joachim Schönbeck commented: “Although we were not able to
achieve growth due to the economic headwinds in 2024, we proactively
addressed our capacities early on and successfully improved our operating
profitability. Despite the challenging environment, we could deliver
strong results. I am proud of how our teams continue to adapt and
innovate, helping our customers to reach their targets. We are prepared
for the challenging conditions to continue but also for emerging
opportunities.”
Due to the structural changes in certain markets, ANDRITZ is adapting its
capacities to the reduced demand.
The results of the business year 2024 in more detail:
• Order intake for 2024, at 8,276.9 MEUR, was slightly lower than the
previous year
(-3.2% compared to 2023: 8,551.9 MEUR). The Hydropower (+7.4%) and
Environment & Energy (+8.2%) business areas were able to increase
order intake, while the absence of major pulp mill orders led to a
decrease of 8.4% in the Pulp & Paper business area. Although order
intake in Metals picked up in the second half of 2024 (+26.4% vs. H2
2023: 820 MEUR), it decreased by 14.5% for the full year due to weak
demand in the first half of 2024.
• Order backlog saw an initial recovery in Q4, and went up by 4% vs. Q3
2024, reaching 9,749.9 MEUR at year end (-1.2% compared to 2023:
9,872.6 MEUR).
• Revenue declined slightly and reached 8,313.7 MEUR (-4.0% vs. 2023:
8,660.0 MEUR). The Environment & Energy business area was able to
increase its revenue by 14.7% compared to the previous year’s
reference figure. While the Hydropower business area (+1.1%) showed a
stable development, revenue in Pulp & Paper (-13.2%) and Metals
(-1.5%) declined compared to the previous year’s reference period.
• Profitability (EBITA margin) remained stable at 8.6% (2023: 8.6%).
EBITA decreased slightly in line with revenue and reached 713.0 MEUR
(-3.9% compared to 2023: 741.9 MEUR). The operational profitability
(comparable EBITA margin) increased from 8.7% in 2023 to 8.9% in 2024
due to the positive shift in revenue mix coupled with improved project
execution.
• Net income (including non-controlling interests) remained stable and
reached the second-highest level in the company’s history with
496.5 MEUR (-1.5% compared to 2023: 504.3 MEUR). The net income margin
reached a record high of 6.0% (2023: 5.8%).
For 2025, the ANDRITZ Group sees project activity picking up across
markets and broadly stable development in revenue and operational
profitability (comparable EBITA margin). Supported by a solid backlog and
continued growth in demand for Service and green technologies, revenue is
projected to be between 8.0 billion EUR and 8.3 billion EUR. Thanks to the
ongoing measures to increase competitiveness and ongoing 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 2024 2023 +/- Q4 2024 Q4 2023 +/-
Order intake MEUR 8,276.9 8,551.9 -3.2% 2,528.4 2,035.9 +24.2%
Pulp & Paper MEUR 2,779.8 3,036.0 -8.4% 811.6 648.6 +25.1%
Metals MEUR 1,707.2 1,997.7 -14.5% 403.0 379.4 +6.2%
Hydropower MEUR 2,170.5 2,020.9 +7.4% 941.6 610.5 +54.2%
Environment &
Energy MEUR 1,619.4 1,497.3 +8.2% 372.2 397.4 -6.3%
Revenue MEUR 8,313.7 8,660.0 -4.0% 2,285.6 2,446.9 -6.6%
Pulp & Paper MEUR 3,461.1 3,987.4 -13.2% 855.8 1,112.0 -23.0%
Metals MEUR 1,811.2 1,839.6 -1.5% 461.0 491.4 -6.2%
Hydropower MEUR 1,537.9 1,521.7 +1.1% 505.4 448.3 +12.7%
Environment &
Energy MEUR 1,503.5 1,311.3 +14.7% 463.4 395.2 +17.3%
Order backlog
(as of end of period) MEUR 9,749.9 9,872.6 -1.2% 9,749.9 9,872.6 -1.2%
EBITDA MEUR 887.9 910.2 -2.5% 253.0 277.4 -8.8%
EBITDA margin % 10.7 10.5 - 11.1 11.3 -
EBITA MEUR 713.0 741.9 -3.9% 205.9 232.9 -11.6%
EBITA margin % 8.6 8.6 - 9.0 9.5 -
Comparable EBITA MEUR 742.8 757.1 -1.9% 232.7 243.9 -4.6%
Comparable EBITA
margin % 8.9 8.7 - 10.2 10.0 -
EBIT MEUR 661.9 685.2 -3.4% 192.2 212.5 -9.6%
Financial result MEUR -15.4 3.0 -613.3% -5.7 4.8 -218.8%
EBT MEUR 646.5 688.2 -6.1% 186.5 217.3 -14.2%
Net income (including
non-controlling
interests) MEUR 496.5 504.3 -1.5% 154.3 158.2 -2.5%
Net income margin % 6.0 5.8 - 6.8 6.5 -
Earnings per share EUR 5.02 5.15 - 1.57 1.60 -
Cash flow from
operating activities MEUR 636.5 375.0 +69.7% 232.5 300.1 -22.5%
Capital expenditure MEUR 237.5 226.2 +5.0% 81.0 68.5 +18.2%
Employees
(as of end of period;
without apprentices) - 30,003 29,717 +1.0% 30,003 29,717 +1.0%
All figures according to IFRS. Due to the utilization of automatic
calculation programs, differences may 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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06.03.2025 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: 2096071
End of News EQS News Service
2096071 06.03.2025 CET/CEST
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