Andritz stock gains as record backlog supports 2026 outlook

ANDRITZ reported stronger third-quarter revenue and earnings on October 29, 2026, while its order backlog reached a record high. The group also maintained its full-year forecast, keeping the focus on execution and demand in Hydropower, Metals and other industrial markets.

According to the ANDRITZ newsroom, third-quarter revenue rose 9.2 percent to 2,059.6 million euros from 1,886.9 million euros a year earlier. Comparable EBITA increased 10.3 percent to 184.9 million euros, while the comparable margin held at 9.0 percent versus 8.9 percent. Net income including non-controlling interests climbed 14.4 percent to 127.3 million euros.

Hydropower Drives Industrial Demand

Quarterly order intake was 2,166.2 million euros, slightly below the 2,180.0 million euros recorded in the year-earlier period. Even so, it marked the eighth consecutive quarter above the 2 billion euro threshold. Order intake for the first nine months rose 17.1 percent to 8,085.9 million euros.

Hydropower provided the strongest boost. Its order intake increased 34.2 percent to 703.9 million euros, supported by projects involving plant modernization, generators and pumped-storage equipment. Metals order intake rose 20.8 percent to 357.4 million euros. Pulp & Paper was weaker, with order intake down 24.5 percent to 706.8 million euros following an especially strong comparison quarter. Environment & Energy order intake fell 6.1 percent to 398.1 million euros.

The order backlog stood at 12,729.1 million euros on September 30, 2026, up 21.7 percent from the end of 2025 and a record for the company. The backlog gives ANDRITZ visibility as projects move into revenue, although the timing of large industrial orders can make quarterly intake uneven.

Guidance Remains Unchanged

ANDRITZ continues to expect 2026 revenue of 8.0 billion to 8.3 billion euros and a comparable EBITA margin between 8.7 percent and 9.1 percent. The company expects project activity to remain at a high level. Its medium-term targets, presented at the October Capital Markets Day, call for revenue of 10 billion euros and a comparable EBITA margin of 10 percent by 2029.

CEO Joachim Schönbeck said the group would continue improving performance and converting its strong backlog into profitable growth. For investors, the combination of a record backlog and rising Hydropower demand supports revenue visibility, while weaker Pulp & Paper intake and the project-based nature of the business remain factors to monitor.

Andritz stock traded at 82.75 euros on Lang & Schwarz at 10:00 CET on Thursday, November 5, 2026, 1.04 percent above the Xetra close of Wednesday, November 4.

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Further operating updates and quarterly developments will determine whether the backlog converts into the growth and margin improvement outlined by management. See More news and analyses on Andritz stock.