Austria's Andritz Q3 revenue rises on strong hydropower, pulp and paper demand

Overview

• Austria technology group's Q3 revenue rose 9.2% yr/yr, driven by Hydropower and Pulp & Paper

• Net income for Q3 increased 14.4% yr/yr

• Order backlog reached record high, supporting future revenue growth

Outlook

• Andritz confirms 2026 revenue guidance of 8.0-8.3 bln EUR

• Company expects 2026 comparable EBITA margin between 8.7% and 9.1%

• Andritz sees project activity remaining at current high level for rest of 2026

Result Drivers

• HYDROPOWER ORDERS - Revenue growth in Q3 was mainly driven by increased Hydropower orders, supported by demand for renewable energy and modernization projects

• PULP & PAPER CONTRIBUTION - Pulp & Paper also contributed to revenue growth, with important orders in China and South America

• RECORD ORDER BACKLOG - Record-high order backlog provided a solid basis for future revenue growth

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Andritz AG is €96.00, about 18.7% above its October 28 closing price of €80.90

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads

• Oct 29 - Austria's AMAG Q3 revenue rises on higher aluminium prices

• Oct 28 - Finland's Valmet Q3 orders jump on biomaterial services demand

• Oct 27 - Sweden's Alfa Laval Q3 sales rise on order intake

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)