EQS-News: ANDRITZ: record order intake of 3.6 billion euros in the first quarter of 2026

EQS-News: Andritz AG / Key word(s): Quarter Results
   ANDRITZ: record order intake of 3.6 billion euros in the first quarter of
   2026

   29.04.2026 / 07:30 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   GRAZ, APRIL 29, 2026. Despite a challenging economic environment,
   international technology group ANDRITZ achieved a strong financial
   performance in the first quarter of 2026. The order intake reached a
   record-breaking 3,597.8 MEUR, exceeding the level of the previous year by
   54.3% (Q1 2025: 2,332.2 MEUR).

   This exceptionally high figure was mainly due to the cumulated booking of
   several mid-sized orders, predominantly in the Hydropower business area.
   Therefore, the result should not be extrapolated to the coming quarters.

   While group revenue slightly increased by 1.7% to 1,790.6 MEUR (Q1 2025:
   1,761.3 MEUR), net income rose by 2.9% reaching 91.8 MEUR (Q1 2025: 89.2
   MEUR), and profitability (comparable EBITA margin) remained stable at 8.2%
   (Q1 2025: 8.2%). The order backlog also reached a new record high,
   totaling 12,367.4 MEUR.

   Strong demand for energy; major orders from Asia, South America, and
   Africa

   In the Hydropower business area, order intake increased significantly to
   1,876.8 MEUR (+229.9% vs. Q1 2025: 568.9 MEUR), driven by strong demand
   for renewable energy. Relevant orders included pumped storage projects
   such as Saidongar in India, which will be the country’s largest pumped
   storage plant (3,000 MW), as well as projects in Southeast Asia and
   Brazil. The business area also recorded higher revenue following the
   processing of the strong order backlog.

   In the Pulp & Paper business area, order intake increased slightly to
   1,005.8 MEUR (+3.2% vs. Q1 2025: 974.6 MEUR), from a high comparison base
   in the previous year. The increase in order intake was supported by
   several capital orders, including a major order from General Emballage,
   Algeria’s leading corrugated packaging producer, for Africa’s largest
   paper machine. The business area further increased its strong revenue and
   maintained its profitability levels, supported by a high share of service
   business.

   In the Metals business area, order intake was slightly below last year’s
   level, reaching 337.2 MEUR (-2.4% vs. Q1 2025: 345.6 MEUR), reflecting the
   cautious investment climate in the automotive industry. Demand in the
   steel industry improved slightly compared to the first quarter of 2025.
   While revenues declined slightly, operational profitability remained
   stable.

   In the Environment & Energy business area, order intake decreased to 378.0
   MEUR compared to the previous year’s high reference figure (-14.7% vs. Q1
   2025: 443.1 MEUR). While the investment climate for the energy transition
   remained uncertain, demand for Pumps solutions increased. Significant
   orders included renewable energy projects such as the major pump
   replacement and upgrade project for illwerke vkw at the Lünersee pumped
   storage plant in Austria. Stable revenue generation was supported by solid
   demand for Clean Air technologies.

   Continuous growth in revenue and Service business
   The group’s revenue continued its positive trend from the last quarter of
   2025 and reached 1,790.6 MEUR, marking a slight increase of 1.7% compared
   to the first quarter of 2025. This marks a continuation of the growth
   trend despite a still significantly negative foreign exchange translation
   effect of -71.6 MEUR (-4.1%). The Service business also developed very
   favorably in Q1, growing by 4%, driven by an increase in the business
   areas Pulp & Paper (+7%) and Hydropower (+3%).

   ANDRITZ CEO Joachim Schönbeck stated, “Despite ongoing economic
   uncertainty, we had a very solid start to the year. The record order
   intake clearly underlines continuing strong demand for our renewable
   energy solutions. However, we are closely monitoring potential impacts
   from geopolitical developments in key end markets. We remain focused on
   disciplined project execution and confirm our financial targets for 2026.”

   The results of the first quarter of 2026 in more detail:

     • Order intake amounted to 3,597.8 MEUR and was thus 54.3% above the
       level of the previous year’s reference period (Q1 2025: 2,332.2 MEUR).
       This was largely driven by mid-sized orders in Hydropower, where the
       order intake reached a record-breaking 1,876.8 MEUR (+229.9%), and
       continuous growth in Pulp & Paper (1,005.8 MEUR, +3.2% vs. Q1 2025).
       In Environment & Energy and Metals, order intake decreased by 14.7% to
       378.0 MEUR (Q1 2025: 443.1 MEUR) and 2.4% to 337.2 MEUR (Q1 2025:
       345.6 MEUR), respectively.
        
     • The order backlog as of March 31, 2026, reached the record high of
       12,367.4 MEUR and has thus increased by 18.3% compared to the end of
       2025 (December 31, 2025: 10,457.5 MEUR).
        
     • Revenue increased by 1.7% to 1,790.6 MEUR (Q1 2025: 1,761.3 MEUR),
       driven by higher revenue in the Hydropower (+8.4%) and Pulp & Paper
       (+3.5%) business areas, following the processing of the high order
       backlog. Revenue in the Metals (-4.2%) and Environment & Energy
       (-2.1%) business areas declined.
        
     • The comparable EBITA reached 147.3 MEUR (+1.9% vs. Q1 2025: 144.5
       MEUR). The group’s profitability (comparable EBITA margin) remained
       stable at 8.2% (Q1 2025: 8.2%).
        
     • Net income (including non-controlling interests) reached 91.8 MEUR,
       rising by 2.9% (Q1 2025: 89.2 MEUR).

   ANDRITZ confirms its guidance for 2026: The group expects project activity
   to remain at the current level. ANDRITZ foresees a return to growth and
   revenues in a range of 8.0 to 8.3 billion EUR for 2026. Comparable EBITA
   margin (excluding non-operating items) is expected to remain at a high
   level, in the range between 8.7% and 9.1%.

   KEY FINANCIAL FIGURES AT A GLANCE
    

                                      Unit  Q1 2026  Q1 2025     +/-     2025
   Revenue                            MEUR  1,790.6  1,761.3   +1.7%  7,883.1
       Pulp & Paper                   MEUR    667.4    644.9   +3.5%  2,956.9
       Metals                         MEUR    394.3    411.8   -4.2%  1,694.1
       Hydropower                     MEUR    404.0    372.8   +8.4%  1,729.5
       Environment & Energy           MEUR    324.9    331.8   -2.1%  1,502.6
   Order intake                       MEUR  3,597.8  2,332.2  +54.3%  8,909.8
       Pulp & Paper                   MEUR  1,005.8    974.6   +3.2%  3,348.1
       Metals                         MEUR    337.2    345.6   -2.4%  1,479.4
       Hydropower                     MEUR  1,876.8    568.9 +229.9%  2,516.1
       Environment & Energy           MEUR    378.0    443.1  -14.7%  1,566.2
   Order backlog
   (as of end of period)              MEUR 12,367.4 10,169.8  +21.6% 10,457.5
   EBITDA                             MEUR    190.2    184.7   +3.0%    823.4
   EBITDA margin                         %     10.6     10.5       -     10.4
   EBITA                              MEUR    144.5    141.8   +1.9%    648.2
   EBITA margin                          %      8.1      8.1       -      8.2
   Comparable EBITA                   MEUR    147.3    144.5   +1.9%    698.4
   Comparable EBITA margin               %      8.2      8.2       -      8.9
   Earnings Before Interest
   and Taxes (EBIT)                   MEUR    128.8    126.7   +1.7%    582.8
   Financial result                   MEUR     -7.4     -6.7  -10.4%     16.5
   Earnings Before Taxes (EBT)        MEUR    121.4    120.0   +1.2%    599.3
   Net income
   (including non-controlling
   interests)                         MEUR     91.8     89.2   +2.9%    457.1
   Cash flow from operating
   activities                         MEUR     89.0     73.2  +21.6%    652.7
   Capital expenditure                MEUR     64.5     50.4  +28.0%    269.5
   Employees
   (as of end of period; without
   apprentices)                          -   30,487   30,221   +0.9%   30,346
                                                                           

   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][email protected]
   [3]andritz.com

   Matthias Pfeifenberger
   Head of Investor Relations
   [4][email protected]
   [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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   29.04.2026 CET/CEST This Corporate News was distributed by [7]EQS Group

   View original content: [8]EQS News

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

   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:      [email protected]
   Internet:    www.andritz.com
   ISIN:        AT0000730007
   Indices:     ATX
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 2316958


    
   End of News EQS News Service


   2316958  29.04.2026 CET/CEST

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