Austria's Andritz Q2 revenue beats on hydropower demand

Andritz AG

30/07/2026 06:45

Overview
Austria technology group's Q2 revenue rose 8.5% yr/yr, driven by Hydropower and Pulp & Paper
Order intake for H1 surged 25.2% yr/yr, order backlog hit record high
Comparable EBITA margin for H1 improved to 8.6% from 8.3%

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 expects project activity to remain at the current high level in 2026

Result Drivers
HYDROPOWER ORDERS - Significant H1 order growth in Hydropower, driven by demand for renewable energy and grid stability projects
PULP & PAPER INVESTMENT - Growth in Pulp & Paper orders and revenue, supported by investments in new pulp mills, especially in China, and continued demand in services
METALS RECOVERY - Metals returned to growth, with improved order intake and revenue driven by projects in Asia, Türkiye, and the USA

Company press release: ID:nEQb2c5m0a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
EUR 2.05 bln
EUR 1.95 bln (1 Analyst)
Q2 EBITDA
Slight Beat*
EUR 214 mln
EUR 212.30 mln (1 Analyst)
Q2 EBITA
 
EUR 167.70 mln
 
Q2 Orders
 
EUR 2.32 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 €86.00, about 15.9% above its July 29 closing price of €74.20
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
July 30 - Austria's AMAG H1 revenue rises on higher aluminium prices, volumes
July 29 - UK's Weir Group H1 revenue rises 5% on demand in copper market
July 29 - Germany's Nordex beats Q2 revenue estimates, confirms FY guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)