Andritz stock weighs record backlog after strong third-quarter growth

ANDRITZ reported strong third-quarter growth on October 29, 2026, with revenue, comparable EBITA and net income all advancing from the prior-year quarter. The company also posted a record order backlog and confirmed its full-year outlook in its Q3 2026 results release.

Andritz stock traded at 84.60 euros on Lang & Schwarz at 10:04:55 CET on Wednesday, November 11, 2026.

Revenue growth broadens across divisions

Third-quarter revenue rose 9.2 percent year over year to 2,059.6 million euros. Hydropower was the main growth driver, with revenue up 25.4 percent to 501.1 million euros. Pulp & Paper revenue increased 8.8 percent to 767.3 million euros, while Metals revenue was broadly stable and Environment & Energy grew 3.1 percent.

Comparable EBITA increased 10.3 percent to 184.9 million euros, keeping the comparable margin at 9.0 percent compared with 8.9 percent a year earlier. Net income including non-controlling interests rose 14.4 percent to 127.3 million euros.

Record backlog raises execution focus

Order intake reached 2,166.2 million euros in the quarter, slightly below the prior-year figure but above two billion euros for the eighth consecutive quarter. Hydropower order intake increased 34.2 percent to 703.9 million euros, while Metals rose 20.8 percent to 357.4 million euros. Pulp & Paper order intake fell 24.5 percent against an unusually strong comparison quarter.

At September 30, the order backlog stood at 12,729.1 million euros, a company record and 21.7 percent above the level at the end of 2025. Management said it would continue improving performance and convert the strong backlog into profitable growth. For investors, the backlog supports sales visibility but also raises the importance of execution and margin discipline across the divisions.

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 2026 Capital Markets Day, call for revenue of 10 billion euros and a comparable EBITA margin of 10 percent by 2029.

The first nine months also showed a stronger operating trend: revenue reached 5,900.9 million euros, while order intake climbed 17.1 percent to 8,085.9 million euros. The combination of higher sales, a record backlog and confirmed guidance gives the shares a fundamental growth framework, although the quarterly mix shows that order momentum remains uneven between business areas.

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