Andritz announced that first-quarter revenue climbed 1.7% compared with the same period a year earlier, while quarterly net income increased 2.9% to 91.8 million euros.
The company said it achieved a record level of order intake in the quarter. Management attributed this intake to a concentration of mid-sized orders within its Hydropower division. Those orders were supported by what the company described as strong demand for renewable energy projects across Asia, South America, and Africa. Andritz cautioned, however, that the quarter's intake should not be automatically extrapolated to future reporting periods.
Service activities expanded during the quarter, with the overall service business rising 4%. Within services, Pulp & Paper led growth with a 7% increase, while Hydropower services were up 3%.
Looking ahead to 2026, Andritz provided a consolidated revenue outlook of between 8.0 billion and 8.3 billion euros. For the full year, the company projects a comparable EBITA margin in the range of 8.7% to 9.1%.
Context and implications
The quarterly figures combine modest top-line expansion and a slightly stronger bottom-line outcome, alongside a notable rise in order intake concentrated in Hydropower. Service-segment growth was led by Pulp & Paper and Hydropower, reinforcing the role of recurring services in the groups performance. Management has set a specific revenue and margin framework for 2026 based on current expectations.
Summary
- Revenue up 1.7% year-over-year in Q1.
- Net income rose 2.9% to 91.8 million euros.
- Record order intake driven by mid-sized Hydropower orders and demand for renewable projects in Asia, South America, and Africa.
- Service business grew 4%; Pulp & Paper services +7%, Hydropower services +3%.
- 2026 guidance: revenue 8.0-8.3 billion euros; comparable EBITA margin 8.7%-9.1%.