Andritz stock weighs record backlog against confirmed 2026 outlook
Published on 11/12/2026 at 10:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord backlog supports confirmed outlook
- Third-quarter revenue rose 9.2 percent and net income increased 14.4 percent year over year.
- Order intake topped EUR 2 billion for the eighth consecutive quarter, while the backlog reached a record level.
- Management expects 2026 revenue of EUR 8.0 billion to EUR 8.3 billion and a comparable EBITA margin of 8.7 percent to 9.1 percent.
ANDRITZ reported strong third-quarter growth on Thursday, October 29, 2026, with revenue, earnings and its order backlog all rising from the prior-year period. The Austrian technology group also maintained its full-year outlook, according to the ANDRITZ newsroom.
Andritz stock traded at 85.50 euros on Lang & Schwarz at 10:03 CET on Thursday, November 12, 2026.
Revenue growth reaches key divisions
Third-quarter revenue rose 9.2 percent to EUR 2,059.6 million from EUR 1,886.9 million a year earlier. Comparable EBITA increased 10.3 percent to EUR 184.9 million, while the comparable EBITA margin edged up to 9.0 percent from 8.9 percent.
Net income including non-controlling interests advanced 14.4 percent to EUR 127.3 million. For the first nine months, revenue reached EUR 5,900.9 million, up 6.5 percent, and comparable EBITA rose 9.3 percent to EUR 514.6 million.
Hydropower was the strongest growth driver in the quarter. Its revenue increased 25.4 percent to EUR 501.1 million, while Pulp & Paper revenue rose 8.8 percent to EUR 767.3 million. Metals revenue was broadly stable, and Environment & Energy revenue increased 3.1 percent.
Backlog strengthens revenue visibility
Order intake reached EUR 2,166.2 million, slightly below the prior-year quarter but above the EUR 2 billion threshold for the eighth consecutive quarter. Hydropower order intake rose 34.2 percent to EUR 703.9 million, and Metals increased 20.8 percent to EUR 357.4 million. Pulp & Paper order intake fell 24.5 percent to EUR 706.8 million after an especially strong comparison period.
The order backlog stood at a record EUR 12,729.1 million on September 30, 2026, up 21.7 percent from the end of 2025. That backlog gives ANDRITZ substantial visibility into future project revenue, although the pace of conversion will depend on project execution and customer timing.
CEO Joachim Schönbeck said the group would continue turning the strong backlog into profitable growth. The statement points to execution and margin improvement as the central operational priorities rather than a change in the near-term strategy.
Full-year targets remain unchanged
ANDRITZ continues to expect 2026 revenue between EUR 8.0 billion and EUR 8.3 billion. Comparable EBITA margin guidance remains between 8.7 percent and 9.1 percent, with project activity expected to stay at a high level. The group also retains its medium-term target of EUR 10 billion in revenue and a 10 percent comparable EBITA margin by 2029.
For investors, the combination of a record backlog and confirmed targets supports visibility into the current growth plan. The main questions are whether ANDRITZ can convert orders into revenue consistently and protect profitability as the business mix changes.
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Andritz AG at a glance
- Company: ANDRITZ AG
- ISIN: AT0000730007
- WKN: 632305
- Home exchange: Vienna Stock Exchange
- Lang & Schwarz price: EUR 85.50 at 10:03 CET on November 12, 2026
- Q3 2026 revenue: EUR 2,059.6 million, up 9.2 percent year over year
- Q3 2026 comparable EBITA: EUR 184.9 million, with a 9.0 percent margin
- Order backlog: EUR 12,729.1 million at September 30, 2026
- 2026 revenue guidance: EUR 8.0 billion to EUR 8.3 billion
