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

Andritz AG

29/10/2026 06:39

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: ID:nEQ86R9cJa

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

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(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.)