EQS-News: Andritz AG / Key word(s): Half Year Results
ANDRITZ: High order intake with strong growth in first half of 2025
31.07.2025 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
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GRAZ, JULY 31, 2025. International technology group ANDRITZ achieved a strong
order growth in the first half of 2025. The order intake for the group increased by
22.9% compared to the first half of 2024.
While order intake increased and profitability (comparable EBITA margin) remained
stable at 8.3% (H1 2024: 8.2%), revenue declined by 8.4%. The net income margin
declined to 5.2% (H1 2024: 5.6%) driven by non-operating items (NOI) due to
restructuring.
Growth trend in renewables and metals
The solid growth in the first half of 2025 was largely driven by the Hydropower,
Metals and Pulp & Paper business areas:
In Hydropower, order intake rose significantly to 1,345.4 MEUR (+72.1%), fueled by
major plant upgrades and pumped storage projects in Asia, including two large-scale
projects in India. These projects, such as the new Tarali pumped storage plant in
Maharashtra, India, highlight the central role hydropower plays in balancing
volatile renewable energy sources and supporting the grid stability in some of the
world’s fastest-growing energy markets.
In the Metals sector, order intake increased to 872.3 MEUR (+30.2%), fueled by
investments in the USA and China, indicating a surge in demand for advanced
materials supporting the electrification of transport and power systems. One of the
major orders included rolling, annealing, coating, and induction technologies for
the NEMM (New Energy Magnetic Material) project in China, which will produce
high-end silicon steel for use in motors, generators, and transformers supporting
electric mobility.
The Pulp & Paper business area also experienced considerable order intake growth in
the first half of 2025, reaching 1,733.3 MEUR (+16.7%). This growth was driven by
major orders from pulp and paper industries in the USA and Asia, including a large
modernization project from Green Bay Packaging in Arkansas. Global producers are
continuing to invest in increasing their pulp production capabilities and
modernizing their existing assets.
Order intake in Environment & Energy totaled 775.6 MEUR, marking a decline (-14.6%)
compared to the record level in the first half of 2024, due to weaker markets.
Nevertheless, project activity in this business area remained robust, with growth
in FEED (Front-End Engineering Design) studies which included a pre-engineering
order from the Danish utility company Kredsløb for a large carbon capture plant in
Aarhus and the authority engineering of a 100 MW green hydrogen plant in Rostock,
Germany.
Revenue impacted by prior-year order trends
Group revenue reached 3,651.5 MEUR, representing a decline of 8.4% compared to the
first half of 2024. One quarter of that decline (2%) was attributable to the
strengthening of the Euro against the US Dollar and other currencies. The decrease
was mainly due to lower revenues in Pulp & Paper (-20.7%) and Metals (-11.2%),
following a period of reduced order intake last year. In contrast, the Hydropower
business area recorded strong growth of 16.8%, driven by the execution of the high
order backlog, while revenue in Environment & Energy reached an all-time high in
the first half of 2025 (+1.8%).
Strategic acquisitions expand global presence and strengthen customer-focused
portfolio
During the first half of 2025, ANDRITZ advanced its successful acquisition strategy
with several important acquisitions perfectly complementing its product portfolio.
The year began with the acquisition of LDX Solutions, a North American provider of
emission reduction technologies, followed by an agreement in April to acquire
A.Celli Paper, a specialist in tissue and winding technology. In June, ANDRITZ
announced two further acquisitions: Diamond Power International, a global expert in
boiler cleaning systems and services, and Salico Group, a well-established supplier
of metal strip and plate finishing equipment with a strong international presence.
These strategic acquisitions enhance ANDRITZ’s capabilities in its core markets and
broaden the company’s offering in lifecycle services.
ANDRITZ CEO Joachim Schönbeck commented: “Overall, we are satisfied with our
business development in the first half of this year. Our strong order intake and
stable 8.3% margin reflect the robustness of our global set-up and display the
benefits of our diversified business. With the recent acquisitions, we have further
expanded our product portfolio along the value chain of our customers. Despite
ongoing geopolitical uncertainty, we have still not seen any material impact from
tariffs and will continue to monitor the developments carefully.”
Outlook confirmed for the full year 2025
ANDRITZ confirms its 2025 guidance: Revenue is projected to be between 8.0 billion
EUR and 8.3 billion EUR. Due to ongoing measures to increase competitiveness and
improved project execution, the comparable EBITA margin is expected to be between
8.6% and 9.0% (excluding non-operating items). As many of ANDRITZ’s major operating
currencies have weakened against the Euro recently, ANDRITZ expects to arrive at
the low end of its guidance corridors for revenue and comparable EBITA margin.
The key financial figures developed as follows during the reporting period:
• Order intake in the second quarter of 2025 rose to 2,394.4 MEUR (+26.3% vs. Q2
2024: 1,895.1 MEUR), and in the first half of 2025 to 4,726.6 MEUR (+22.9% vs.
H1 2024: 3,845.4 MEUR). The increase in the second quarter was mainly due to
large capital orders in Hydropower and Metals. In Hydropower, order intake more
than doubled to 776.5 MEUR (+173.3% vs. Q2 2024: 284.1 MEUR) due to large
capital orders from Asia, while Metals increased its order intake to 526.7 MEUR
(+64.1% vs Q2 2024: 321.0 MEUR) supported by major projects from China and the
USA. Pulp & Paper reached 758.7 MEUR (-10.0% vs. Q2 2024: 842.8 MEUR).
Environment & Energy’s order intake amounted to 332.5 MEUR (-25.6% vs Q2 2024:
447.2 MEUR).
• The order backlog as of June 30, 2025 amounted to 10,398.3 MEUR, increasing by
6.7% compared to the end of 2024 (9,749.9 MEUR).
• Revenue in the second quarter of 2025 decreased by 10% compared to the previous
year’s reference period (Q2 2024: 2,100.2 MEUR), reaching 1,890.2 MEUR. In H1
2025, revenue amounted to 3,651.5 MEUR (-8.4% vs. H1 2024: 3,986.6 MEUR),
reflecting the weak market environment and the absence of large capital orders
in the Pulp & Paper and Metals business areas during the first six months of
2024. Hydropower achieved a significant increase in revenue, while the other
business areas showed a stable or declining development.
• The comparable EBITA in the second quarter of 2025 decreased to 158.7 MEUR
(-9.4% versus Q2 2024: 175.1 MEUR). Profitability (comparable EBITA margin)
amounted to 8.4% (Q2 2024: 8.3%). In the first half of 2025, comparable EBITA
decreased and reached a level of 303.2 MEUR (-7.7% vs. H1 2024: 328.6 MEUR).
The comparable EBITA margin remained at a very solid level of 8.3% (H1 2024:
8.2%).
• The net income (including non-controlling interests) saw a decrease in the
second quarter of 2025, reaching 102.4 MEUR (-14.5% vs. Q2 2024: 119.7 MEUR).
In the first half of 2025, it amounted to 191.6 MEUR (-14.4% vs. H1 2024:
223.8 MEUR).
KEY FINANCIAL FIGURES AT A GLANCE
Unit H1 2025 H1 2024 +/- Q2 2025 Q2 2024 +/- 2024
Revenue MEUR 3,651.5 3,986.6 -8.4% 1,890.2 2,100.2 -10.0% 8,313.7
Pulp & Paper MEUR 1,378.7 1,738.0 -20.7% 733.8 905.7 -19.0% 3,461.1
Metals MEUR 793.8 894.0 -11.2% 382.0 454.5 -16.0% 1,811.2
Hydropower MEUR 775.5 663.7 +16.8% 402.7 361.4 +11.4% 1,537.9
Environment &
Energy MEUR 703.5 690.9 +1.8% 371.7 378.6 -1.8% 1,503.5
Order intake MEUR 4,726.6 3,845.4 +22.9% 2,394.4 1,895.1 +26.3% 8,276.9
Pulp & Paper MEUR 1,733.3 1,485.3 +16.7% 758.7 842.8 -10.0% 2,779.8
Metals MEUR 872.3 670.1 +30.2% 526.7 321.0 +64.1% 1,707.2
Hydropower MEUR 1,345.4 781.7 +72.1% 776.5 284.1 +173.3% 2,170.5
Environment &
Energy MEUR 775.6 908.3 -14.6% 332.5 447.2 -25.6% 1,619.4
Order backlog
(as of end of period) MEUR 10,398.3 9,709.1 +7.1% 10,398.3 9,709.1 +7.1% 9,749.9
EBITDA MEUR 374.3 423.4 -11.6% 189.6 229.4 -17.3% 887.9
EBITDA margin % 10.3 10.6 - 10.0 10.9 - 10.7
Comparable EBITA MEUR 303.2 328.6 -7.7% 158.7 175.1 -9.4% 742.8
Comparable EBITA
margin % 8.3 8.2 - 8.4 8.3 - 8.9
EBITA MEUR 288.7 333.0 -13.3% 146.9 180.6 -18.7% 713.0
EBITA margin % 7.9 8.4 - 7.8 8.6 - 8.6
Earnings Before
Interest
and Taxes (EBIT) MEUR 257.8 309.2 -16.6% 131.1 169.3 -22.6% 661.9
Financial result MEUR -0.5 -8.6 +94.2% 6.2 -8.4 +173.8% -15.4
Earnings Before Taxes
(EBT) MEUR 257.3 300.6 -14.4% 137.3 160.9 -14.7% 646.5
Net income
(including
non-controlling
interests) MEUR 191.6 223.8 -14.4% 102.4 119.7 -14.5% 496.5
Cash flow from
operating activities MEUR 168.7 308.5 -45.3% 95.5 23.2 636.5
Capital expenditure MEUR 98.4 107.0 -8.0% 48.0 67.3 -28.7% 237.5
Employees (as of end
of period;
without apprentices) - 30,043 30,115 -0.2% 30,043 30,115 -0.2% 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.
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@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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31.07.2025 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: 2177150
End of News EQS News Service
2177150 31.07.2025 CET/CEST
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