Andritz stock weighs record backlog against Q3 growth

Published on 11/13/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Andritz stock remains in focus after strong third-quarter growth and a record order backlog. Management kept its full-year outlook unchanged.

Growth Meets Record Backlog

Third-quarter revenue and comparable EBITA advanced year over year as Hydropower led divisional growth.
Management retained its full-year sales and margin outlook while highlighting continued high project activity.
The record backlog gives ANDRITZ revenue visibility, but execution and margin protection remain key investor issues.

Andritz, AT0000730007, Illustration mit AI erstellt.

ANDRITZ reported strong third-quarter growth on October 29, 2026, while its order backlog reached a record level and management retained the full-year outlook. The figures were published in the company's Q3 2026 results release.

Revenue rose 9.2 percent from the year-earlier quarter to EUR 2,059.6 million. Comparable EBITA increased 10.3 percent to EUR 184.9 million, while the comparable EBITA margin held at 9.0 percent against 8.9 percent a year earlier. Net income including non-controlling interests climbed 14.4 percent to EUR 127.3 million.

Hydropower Drives Quarterly Growth

Hydropower provided the strongest divisional growth impulse. Revenue increased 25.4 percent to EUR 501.1 million, supported by demand for renewable power generation and modernization projects. Hydropower order intake rose 34.2 percent to EUR 703.9 million.

Pulp & Paper revenue advanced 8.8 percent to EUR 767.3 million, although order intake fell 24.5 percent to EUR 706.8 million after an unusually strong comparison quarter. Metals revenue was broadly stable at EUR 422.3 million, while order intake increased 20.8 percent to EUR 357.4 million. Environment & Energy revenue grew 3.1 percent to EUR 368.9 million.

Backlog Supports 2026 Guidance

Order intake reached EUR 2,166.2 million in the quarter, slightly below the prior-year figure but above EUR 2 billion for the eighth consecutive quarter. For the first nine months, order intake rose 17.1 percent to EUR 8,085.9 million.

The order backlog stood at EUR 12,729.1 million on September 30, 2026, up 21.7 percent from the end of 2025 and a record for the company. CEO Joachim Schönbeck said ANDRITZ would continue turning the backlog into profitable growth. The backlog improves revenue visibility, but investors still need to watch project execution and the ability to protect margins as orders convert into sales.

ANDRITZ confirmed 2026 revenue guidance of EUR 8.0 billion to EUR 8.3 billion and a comparable EBITA margin of 8.7 percent to 9.1 percent. The company said project activity should remain at a high level. Its medium-term targets call for revenue of EUR 10 billion and a comparable EBITA margin of 10 percent by 2029.

Share Price Tracks Investor Focus

Andritz stock traded at 84.20 euros on Lang & Schwarz at 10:35 CET on Friday, November 13, 0.71 percent below the Xetra close of Thursday. The market focus therefore remains split between the stronger operating performance and the challenge of converting the record backlog into sustained profitable growth.