Andritz (ANDR) Q1 2025 earnings summary

Executive summary

• Order intake rose 20% year-over-year to EUR 2.3 billion, led by strong performance in pulp and paper and hydropower.

• Revenue declined 7% year-over-year to EUR 1.76 billion, with service revenue reaching a record 44% share.

• Net income fell 14% year-over-year to EUR 89 million, reflecting lower revenue and financial result.

• Restructuring efforts and capacity reductions in metals and pulp and paper began to yield positive margin effects.

• Project execution remained solid, with initial restructuring benefits and a growing service business.

Financial highlights

• Order backlog increased 2% year-over-year to EUR 10.2 billion, with two-thirds in hydropower and pulp and paper.

• EBITDA was EUR 184.7 million (10.5% margin), down 5% year-over-year; comparable EBITDA margin stable at 8.2%.

• Earnings per share decreased 13% to EUR 0.91.

• Operating cash flow dropped 74% year-over-year to EUR 73.2 million.

• Dividend per share for 2024: EUR 2.60, payout ratio nearly 52%.

Outlook and guidance

• 2025 revenue guidance: EUR 8.0–8.3 billion; comparable EBITDA/EBITA margin: 8.6–9%.

• 2027 midterm targets confirmed: revenue EUR 9–10 billion, comparable EBITDA/EBITA margin above 9%.

• No adverse impacts from tariffs or macroeconomic risks seen yet; guidance remains unchanged.