EQS-News: ANDRITZ continues strong performance in the first half of 2026

EQS-News: Andritz AG / Key word(s): Half Year Results
ANDRITZ continues strong performance in the first half of 2026

30.07.2026 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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• Order intake rises to 5.9 billion EUR (+25.2% vs. H1 2025)
• Order backlog reaches a new record of 12,602.1 MEUR (+20.5% vs. year-end 2025)
• Revenue increases by 5.2%
• Profitability increases, comparable EBITA margin improves to 8.6% (H1 2025: 8.3%)

GRAZ, JULY 30, 2026. International technology group ANDRITZ achieved strong order
growth in the first half of 2026. The order intake for the group increased by 25.2% –
driven by the outstanding first quarter. Growth continued to be supported by demand
for renewable energy, electrification, and resource efficiency.

Revenue grew by 5.2%, while profitability (comparable EBITA margin) improved to 8.6%
(H1 2025: 8.3%) and net income increased to 201.0 MEUR (+4.9% vs. H1 2025: 191.6
MEUR). Driven by the strong order intake, the order backlog reached a new record high
of 12,602.1 MEUR (+20.5% compared to year-end 2025), providing a solid foundation for
revenue development in the coming quarters.

Growth driven by Hydropower, Pulp & Paper, and Metals
The increase in order intake during the first half of 2026 was driven by significant
growth in Hydropower – especially in the first quarter – and the continued positive
development in Pulp & Paper. Metals also returned to growth, while Environment &
Energy remained below the previous year’s comparison base.

In Hydropower, order intake increased significantly to 2,445.9 MEUR (+81.8% vs. H1
2025: 1,345.4 MEUR), driven by continued demand for renewable energy and the growing
need for grid stability. Orders received included the modernization of the
Strandfossen hydropower plant in Norway and five synchronous condensers for Colombia,
supporting the reliable integration of variable renewable energy into the power grid.
Revenue increased by 12.5% compared to the first half of 2025, driven by the execution
of the strong order backlog built up in recent quarters.

Order intake in the Pulp & Paper business area also increased in the first half of
2026, reaching 1,886.3 MEUR (+8.8% vs. H1 2025). The business area continued to
benefit from investments in new pulp mills, particularly in China, where paper
producers are further integrating pulp production into their operations. Revenue rose
by 6.6% compared to the first half of 2025, driven by new plant deliveries and the
continued demand in the service business.

In Metals, order intake increased to 910.1 MEUR (+4.3% vs. H1 2025: 872.3 MEUR). While
investment activity in the steel industry is improving, investment in the automotive
industry remained generally cautious but showed first signs of stabilization.
Accordingly, order intake in both the Metals Processing and Metals Forming businesses
improved during the second quarter. Significant orders included processing lines in
India and China to produce high-strength, value-added steels as well as key equipment
for a new integrated stainless-steel plant for Saritas in Türkiye. Revenue increased
by 2.0% compared to the first half of 2025, mainly driven by the Metals Processing
business.

Order intake in Environment & Energy amounted to 677.4 MEUR (-12.7% vs. H1 2025:
775.6 MEUR). While investment activity in some environmental markets remained subdued,
demand in the Feed & Biofuel segment continued to develop positively. Among the orders
received by the Separation division was an energy-efficient process line for a
bioethanol plant in the United States, reflecting the growing demand for technologies
that sustainably improve the production of renewable energy. Revenue declined slightly
by 2.0% compared to the first half of 2025.

ANDRITZ CEO Joachim Schönbeck commented: “We are very happy with our record order
intake in the first half of 2026. It is a strong sign of the trust our customers place
in ANDRITZ and our obligation to deliver. Thus, we remain focused on disciplined
project execution and confirm our guidance for 2026. At the same time, we remain
confident in our prospects of long-term profitable growth, supported by rising demand
for electricity, renewable energy, the circular economy, and digitalization.“

Outlook confirmed for the full year 2026
ANDRITZ confirms its 2026 guidance: The group expects project activity to remain at
the current high level. ANDRITZ still foresees a return to growth and revenues in a
range of 8.0 to 8.3 billion EUR for 2026. Comparable EBITA margin (excluding
non-operating items) is expected to remain at a high level, in the range between 8.7%
and 9.1%.

The key financial figures developed as follows during the second quarter and the first
half of 2026:

• Order intake in the second quarter of 2026 amounted to 2,321.9 MEUR (-3.0% vs. Q2
2025: 2,394.4 MEUR) and increased to 5,919.7 MEUR in the first half of 2026
(+25.2% vs. H1 2025: 4,726.6 MEUR). The business areas developed differently in
the second quarter: Pulp & Paper increased order intake to 880.4 MEUR (+16.0% vs.
Q2 2025: 758.7 MEUR), driven by higher demand for both service and capital
projects. In Hydropower, order intake decreased to 569.1 MEUR in the second
quarter (-26.7% vs. Q2 2025: 776.5 MEUR), compared to a strong prior-year quarter
that had included major hydropower modernization and pumped storage projects in
India. Metals recorded growth, with order intake rising to 572.9 MEUR (+8.8% vs Q2
2025: 526.7 MEUR), supported by project awards in Asia, Türkiye, and the USA.
Order intake in the Environment & Energy business area remained low, amounting to
299.4 MEUR (-10.0% vs Q2 2025: 332.5 MEUR), due to the subdued investment climate
across several industries.
 
• The order backlog as of June 30, 2026 reached the record level of 12,602.1 MEUR,
increasing by 20.5% compared to the end of 2025 (10,457.5 MEUR).
 
• Revenue growth accelerated to 8.5% in the second quarter of 2026, reaching
2,050.7 MEUR (Q2 2025: 1,890.2 MEUR). In H1 2026, revenue amounted to 3,841.3 MEUR
(+5.2% vs. H1 2025: 3,651.5 MEUR) with growth driven by Hydropower, Pulp & Paper,
and Metals.
 
• The comparable EBITA in the second quarter of 2026 increased to 182.4 MEUR (+14.9%
vs. Q2 2025: 158.7 MEUR). Profitability (comparable EBITA margin) increased
significantly to 8.9% (Q2 2025: 8.4%). In the first half of 2026, comparable EBITA
increased to 329.7 MEUR (+8.7% vs. H1 2025: 303.2 MEUR). The comparable EBITA
margin rose to 8.6% (H1 2025: 8.3%).
 
• The net income (including non-controlling interests) increased in the second
quarter of 2026, reaching 109.2 MEUR (+6.6% vs. Q2 2025: 102.4 MEUR). In the first
half of 2026, it amounted to 201.0 MEUR (+4.9% vs. H1 2025: 191.6 MEUR).
 

KEY FINANCIAL FIGURES AT A GLANCE

  Unit H1 2026 H1 2025 +/- Q2 2026 Q2 2025 +/- 2025
Revenue MEUR 3,841.3 3,651.5 +5.2% 2,050.7 1,890.2 +8.5% 7,883.1
    – Pulp & Paper MEUR 1,470.0 1,378.7 +6.6% 802.5 733.8 +9.4% 2,956.9
    – Metals MEUR 809.4 793.8 +2.0% 415.1 382.0 +8.7% 1,694.1
    – Hydropower MEUR 872.7 775.5 +12.5% 468.7 402.7 +16.4% 1,729.5
    – Environment &
Energy MEUR 689.2 703.5 -2.0% 364.3 371.7 -2.0% 1,502.6
Order intake MEUR 5,919.7 4,726.6 +25.2% 2,321.9 2,394.4 -3.0% 8,909.8
    – Pulp & Paper MEUR 1,886.3 1,733.3 +8.8% 880.4 758.7 +16.0% 3,348.1
    – Metals MEUR 910.1 872.3 +4.3% 572.9 526.7 +8.8% 1,479.4
    – Hydropower MEUR 2,445.9 1,345.4 +81.8% 569.1 776.5 -26.7% 2,516.1
    – Environment &
Energy MEUR 677.4 775.6 -12.7% 299.4 332.5 -10.0% 1,566.2
Order backlog
(as of end of period) MEUR 12,602.1 10,398.3 +21.2% 12,602.1 10,398.3 +21.2% 10,457.5
EBITDA MEUR 404.2 374.3 +8.0% 214.0 189.6 +12.9% 823.4
EBITDA margin % 10.5 10.3 – 10.4 10.0 – 10.4
EBITA MEUR 312.2 288.7 +8.1% 167.7 146.9 +14.2% 648.2
EBITA margin % 8.1 7.9 – 8.2 7.8 – 8.2
Comparable EBITA MEUR 329.7 303.2 +8.7% 182.4 158.7 +14.9% 698.4
Comparable EBITA
margin % 8.6 8.3 – 8.9 8.4 – 8.9
Earnings Before
Interest
and Taxes (EBIT) MEUR 282.1 257.8 +9.4% 153.3 131.1 +16.9% 582.8
Financial result MEUR -13.0 -0.5 n.a. -5.6 6.2 -190.3% 16.5
Earnings Before Taxes
(EBT) MEUR 269.1 257.3 +4.6% 147.7 137.3 +7.6% 599.3
Net income
(including
non-controlling
interests) MEUR 201.0 191.6 +4.9% 109.2 102.4 +6.6% 457.1
Cash flow from
operating activities MEUR 290.8 168.7 +72.4% 201.8 95.5 n.a. 652.7
Capital expenditure MEUR 131.1 98.4 +33.2% 66.6 48.0 +38.8% 269.5
Employees
(as of end of period;
without apprentices) – 30,557 30,043 +1.7% 30,557 30,043 +1.7% 30,346
                 

All figures according to IFRS. Due to the utilization of automatic calculation
programs, differences can arise in the addition of rounded totals and percentages.
MEUR = million euros. EUR = euros.

PRESS RELEASE AVAILABLE FOR DOWNLOAD
This press release is available for download at [1]andritz.com/news on the ANDRITZ web
site.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Niklas Jelinek
External Communications Lead / Media Relations
[2]press@andritz.com
[3]andritz.com

Matthias Pfeifenberger
Head of Investor Relations
[4]investors@andritz.com
[5]andritz.com

ANDRITZ GROUP
International technology group ANDRITZ provides advanced plants, equipment, services,
and digital solutions for a wide range of industries, including pulp and paper,
metals, hydropower, environmental, and others. Founded in 1852 and headquartered in
Austria, the publicly listed group employs about 30,000 people at 280 locations in
over 80 countries.
As a global leader in technology and innovation, ANDRITZ is committed to fostering
progress that benefits customers, partners, employees, society, and the environment.
The company’s growth is driven by sustainable solutions enabling the green transition,
advanced digitalization for highest industrial performance, and comprehensive services
that maximize the value of customers’ plants over their entire life cycle. ANDRITZ.
FOR GROWTH THAT MATTERS.

ANNUAL AND FINANCIAL REPORTS
The annual and financial reports are available for download on the ANDRITZ web site at
[6]andritz.com.

DISCLAIMER
Certain statements contained in this press release constitute “forward-looking
statements”. These statements, which contain the words “believe”, “intend”, “expect”,
and words of a similar meaning, reflect the Executive Board’s beliefs and expectations
and are subject to risks and uncertainties that may cause actual results to differ
materially. As a result, readers are cautioned not to place undue reliance on such
forward-looking statements. The company disclaims any obligation to publicly announce
the result of any revisions to the forward-looking statements made herein, except
where it would be required to do so under applicable law.

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30.07.2026 CET/CEST This Corporate News was distributed by [7]EQS Group

View original content: [8]EQS News

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Language: English
Company: Andritz AG
Stattegger Straße 18
8045 Graz
Austria
Phone: +43 (0)316 6902-0
Fax: +43 (0)316 6902-415
E-mail: welcome@andritz.com
Internet: www.andritz.com
ISIN: AT0000730007
Indices: ATX
Listed: Vienna Stock Exchange (Official Market)
LEI Code: 549300VZKC61IR5U8G96
EQS News ID: 2373686

 
End of News EQS News Service

2373686  30.07.2026 CET/CEST

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References

~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. press@andritz.com
3. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f26785b9f1adff6d1f459649b7f188ee&application_id=2373686&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
4. investors@andritz.com
5. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f26785b9f1adff6d1f459649b7f188ee&application_id=2373686&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
6. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f26785b9f1adff6d1f459649b7f188ee&application_id=2373686&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
7. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2373686&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
8. https://nwr.eqs-cockpit.com/fncls2.ssx?fn=redirect&url=ef86bc78a793606525b1f9bc3946f962&application_id=2373686&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news

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