ANDRITZ has released its 2025 financial results, reporting a year defined by its highest-ever order backlog and a strategic shift toward service-oriented revenue. Despite a "challenging market environment" and significant geopolitical surprises, the Group maintained stable profitability and proposed a dividend increase to 2.70 EUR per share.

The Group’s order intake climbed 7.6% to 8.9 billion EUR in 2025. While this represents the second-highest order intake in the company’s history rather than a record, it provided enough momentum to push the total order backlog to an all-time record high of 10.5 billion EUR.

ANDRITZ CEO Joachim Schönbeck commented: “Once again, we faced another year that demanded discipline and clear priorities, as we worked through geopolitical hurdles and a cautious investment climate. Yet, ANDRITZ performed well, and I am proud of how our teams have coped with the challenges. Order intake increased, our backlog reached new record levels, and our profitability was solid – all thanks to the trust of our customers, the strong partnership with our suppliers, and the dedication of our employees. ANDRITZ remains well positioned for 2026.”

The growth was not uniform across the Group, highlighting a global shift toward green energy and resource security:

• Pulp & Paper: This division saw a 20% surge in orders (3.35 billion EUR), largely fueled by major pulp mill projects in China and new phosphorus recycling regulations in Germany.
• Hydropower: Achieving a record 2.5 billion EUR in orders (+16%), growth was propelled by the global demand for grid stability and pumped storage. Significant contracts were secured for the 1,500 MW Tarali plant in India and the 720 MW Srinagarind plant in Thailand.
• Metals: Conversely, the Metals business area saw a 13% decline in orders. This reflects a multi-year trend of low investment activity within the global automotive and steel sectors. However, ANDRITZ protected profitability in this segment through aggressive capacity adjustments.

While Group revenue saw a moderate 5% decline to 7.9 billion EUR, the company noted that this was primarily due to negative foreign exchange effects caused by a strong euro.

A critical strategic victory was the continued expansion of the Service business, which now accounts for a record 44% of total revenue. By focusing on long-term maintenance and partnership agreements, ANDRITZ has successfully stabilized its earnings against the cyclical nature of massive capital projects.

2025 was also a year of aggressive portfolio refinement. ANDRITZ completed six major acquisitions, including LDX Solutions and A.Celli Paper, aimed at closing product gaps and strengthening environmental technology offerings.

Despite lower overall revenue, the comparable EBITA margin remained stable at 8.9%. This was achieved through disciplined cost management and a favorable revenue mix tilted toward high-margin services.

Looking ahead, ANDRITZ is optimistic. The Group anticipates a return to revenue growth, forecasting between 8.0 and 8.3 billion EUR for 2026. With the energy transition driving demand for hydropower and clean air solutions, the company expects to maintain its high operating profitability (EBITA margin) in the range of 8.7% to 9.1%.