Andritz on Thursday published third-quarter results that showed a mixed performance: order intake undershot consensus, while sales and adjusted EBITA came in above analyst expectations.
The group recorded order intake of €2,166 million, falling short of the consensus estimate of €2,253 million - a shortfall of roughly 4%. The company attributed the weaker intake to lumpiness in its Pulp & Paper and Metals divisions.
Revenue for the quarter amounted to €2,060 million, topping the consensus forecast of €2,036 million by about 1%. Adjusted EBITA reached €185 million, exceeding the consensus expectation of €182 million by approximately 2%. The adjusted EBITA margin remained at 9.0%, in line with both UBS and consensus estimates.
On corporate guidance, Andritz reaffirmed its full-year outlook. The company reiterated expected sales in the range of €8.0-8.3 billion and a comparable EBITA margin of 8.8-9.1%. That margin band translates to comparable EBITA of €704-755 million, with a midpoint of €730 million. UBS estimates are at €752 million, while consensus sits at €748 million.
Management signaled that it anticipates project activity to remain at current high levels. The company also noted that third-quarter orders were 3% above UBS estimates.
Taken together, the quarter presents a picture of execution where top-line sales and adjusted profitability outperformed modestly against consensus, even as order intake was affected by uneven project timing in specific end markets. The firm has left its full-year targets unchanged, implying confidence that current project activity and operational performance will support the guidance range.
Key reported figures at a glance:
- Order intake: €2,166 million (consensus €2,253 million)
- Revenue: €2,060 million (consensus €2,036 million)
- Adjusted EBITA: €185 million (consensus €182 million)
- Adjusted EBITA margin: 9.0% (in line with UBS and consensus)
- Full-year sales guidance: €8.0-8.3 billion
- Comparable EBITA guidance: €704-755 million (midpoint €730 million)
The company’s outlook and reported metrics will be of particular interest to stakeholders tracking industrial equipment demand, capital project pipelines in pulp & paper and metals processing, and margin conversion as projects move through execution.