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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

EUR 2.06 bln

EUR 1.98 bln (1 Analyst)

Q3 EBITDA

Meet

EUR 223.10 mln

EUR 223.10 mln (1 Analyst)

Q3 EBITA

EUR 175.90 mln

Q3 Orders

EUR 2.17 bln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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