Andritz Q1 results drive shares to top of STOXX

Andritz AG

30/04/2025 08:40

** Shares in Andritz ANDR.VI gain 10.6% after posting Q1 results

** The stock is the best performer on the pan-European index .STOXX and if gains hold, its on track for best day since November 2022

** J.P. Morgan notes that orders at the Hydro and Pulp and Paper division helped the industrial group to beat consensus expectations for order intake

** It adds that stable margin performance in Pulp & Paper reassures that Andritz has a flexible cost base to deal with the swings in the cycle

** We believe these results are good enough for further outperformance today" - JPM

** Up to the previous session's close, shares were up 16.7%​ YTD

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))