EQS-News: ANDRITZ achieves 20% order intake growth in Q1 2025, driven by renewables and pulp projects

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

   ══════════════════════════════════════════════════════════════════════════

   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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