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]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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29.04.2026 CET/CEST This Corporate News was distributed by [7]EQS Group

View original content: [8]EQS News

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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: 2316958

 
End of News EQS News Service

2316958  29.04.2026 CET/CEST

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References

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2. press@press.andritz.com%0d
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4. investors@andritz.com
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f26785b9f1adff6d1f459649b7f188ee&application_id=2316958&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
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8. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=5bf77eefd87d8fd6a7a263572dfcab1f&application_id=2316958&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

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