ANDRITZ recorded solid business development in the third quarter of 2025. The order intake continued its positive trend, increasing by 14.5% compared to Q3 2024.
While order intake continued to grow, profitability (comparable EBITA margin) remained stable at 8.9% (Q3 2024: 8.9%). Revenue remained at a lower level, reflecting the impact of lower order volumes in the previous year and negative translation effects from a stronger euro. Net income decreased by 6% compared to the third quarter of 2024, while the net income margin slightly increased in the third quarter from 5.8% to 5.9%.
Growth driven by power generation and Pulp & Paper
The solid growth in order intake during the third quarter of 2025 was driven by strong demand in power generation reflected in the Pulp & Paper, Hydropower, and Environment & Energy business areas:
The Pulp & Paper business area recorded a significant increase in order intake to 935.7 MEUR (+93.8% versus Q3 2024), driven by major projects in Asia and Europe. In Germany, several orders were received for sewage sludge incineration plants, driven by new regulations requiring phosphorus recovery and stricter environmental standards. In China, ANDRITZ received its fourth order for a complete kraft pulp mill this year, reflecting the ongoing trend to backward integration in the Chinese paper industry.
In Hydropower, order intake showed a strong increase to 524.5 MEUR (+17.3% versus
Q3 2024), supported by major modernization projects in Southeast Europe and Asia. These included the modernization of the Formin hydropower plant in Slovenia, located near ANDRITZ’s headquarters in Graz, and of the Rajjaprabha hydropower plant in Thailand. The ongoing global shift toward renewable energy is driving utilities and private investors worldwide to modernize existing hydropower assets and invest in new plants, reinforcing hydropower’s role as a cornerstone of the renewable energy future.
In the Metals sector, order intake in Q3 2025 declined to 295.8 MEUR compared to the high level of orders received in the reference quarter of last year (-53.4% versus Q3 2024), while order intake in Environment & Energy rose to 424.0 MEUR (+25.1% versus Q3 2024), supported by several major orders for flue gas treatment plants in Europe and the US.
ANDRITZ CEO Joachim Schönbeck commented: “We are overall satisfied with our third-quarter results, which underline ANDRITZ’s potential to benefit from the surging demand in power generation. Despite a challenging market environment, we achieved strong order intake for the fourth consecutive quarter. Growth in order intake was mainly supported by projects in Europe, Asia and North America. So far, the recently introduced US tariffs have had no direct material impact on our business, but we continue to monitor developments closely.”
Outlook for the full year 2025 confirmed
ANDRITZ confirms its guidance for the full year 2025. Revenue is expected to reach between 8.0 billion EUR and 8.3 billion EUR, with a comparable EBITA margin between 8.6% and 9.0% (excluding non-operating items). As several of ANDRITZ’s major operating currencies – such as the Brazilian real, the US dollar and the Chinese renminbi – have recently weakened against the euro, ANDRITZ expects to reach the low end of its guidance corridors for revenue and comparable EBITA margin.
