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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Andritz
Andritz (ANDR) investor relations material
Andritz Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 order intake was €2,166.2M, the eighth consecutive quarter above €2B; Q1–Q3 book-to-bill was 1.4 and backlog reached a record €12,729.1M.
Q3 revenue rose 9.2% to €2,059.6M; comparable EBITA increased 10.3% to €184.9M, with a 9.0% margin.
Q1–Q3 revenue grew 6.5% to €5,900.9M; comparable EBITA was €514.6M at an 8.7% margin.
FY 2026 guidance was reaffirmed; 2029 targets are €10B revenue and a 10% comparable EBITA margin.
Financial highlights
Q3 reported EBITA was €175.9M; net income including non-controlling interests rose 14.4% to €127.3M.
Q1–Q3 reported EBITA was €488.1M; EBITDA reached €627.3M, up 8.6%, and net income rose 8.4% to €328.3M.
Q1–Q3 operating cash flow was €610.6M versus €313.5M; free cash flow was €411M versus €115M.
Q3 operating cash flow increased to €319.8M from €144.8M; Q1–Q3 operating net working capital fell to €761.1M.
Q1–Q3 basic EPS was €3.33 versus €3.10; Q3 basic EPS rose 13.2% to €1.29.
Outlook and guidance
FY 2026 revenue guidance remains €8.0B–€8.3B and comparable EBITA margin guidance 8.7%–9.1%; project activity is expected to remain high.
Management indicated a good prospect of reaching the upper end of revenue guidance, with confidence around the midpoint of the margin range.
2029 targets are €10B revenue and a 10% comparable EBITA margin, within a 9%–11% range.
Growth priorities include organic expansion in Capital and Service, disciplined bolt-on M&A, digitalization, automation, improved project execution and productivity.
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Next Andritz earnings date
Q4 20264 Mar, 2027
Andritz
Next Andritz earnings date
Q4 20264 Mar, 2027
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Frequently asked questions
Andritz AG (ANDR) is a leading global supplier of comprehensive plants, equipment, systems, and services across a variety of industries. Specializing in serving the pulp and paper industry, hydropower stations, the metalworking and steel industries, as well as environmental and green energy-focused sectors, Andritz AG offers a wide range of solutions. These include automation solutions and services designed to enhance efficiency and sustainability. The company's product and service portfolio caters to a diverse clientele, aiming to meet their specific needs with advanced technology and expert support. The company is headquartered in Graz, Austria, and its shares are listed on the Vienna Stock Exchange.