EarningsQ4 2025 Earnings Report
MX:ANDRN Q4 2025 EPS Results
Actual EPS$33.01
Consensus EPS$33.34
Beat/MissMissed by -$0.33
One Year Ago EPS$31.61
MX:ANDRN Q4 2025 Revenue Results
Actual Revenue$48.38B
Expected Revenue$48.72B
Beat/MissMissed by -$342.49M
YoY Revenue Growth+2.59%
Earnings Announcement Details
QuarterQ4 2025
Date03/05/2026
TimeBefore Open
Conference CallThursday, March 5, 2026
MX:ANDRN Upcoming Earnings
Andritz AG's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2025 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2025 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2025 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicates a largely constructive operational and financial picture despite cyclical headwinds. ANDRITZ reported strong order intake (+8%) and a record backlog (EUR 10.5bn), returned to sequential revenue growth in Q4, maintained comparable EBITA margin (8.9%), generated robust operating cash flow (EUR 653m) and advanced strategic M&A and ESG objectives (SBTi approval). Key challenges include a full-year revenue decline (-5%), segment weakness in Metals (order intake -13%) and Environment & Energy, restructuring-related costs that reduced reported EBITA, and a notable FX translation hit of EUR 222m. Management provided pragmatic guidance for 2026 (revenue EUR 8.0–8.3bn; comparable EBITA 8.7–9.1%) and reiterated midterm targets. On balance, operational momentum (orders, backlog, service growth) and cash strength outweigh near-term reported-profit pressures and one-off impacts, supporting a positive outlook.Company Guidance
Order Intake Growth and Record Backlog
Full-year order intake EUR 8.9 billion, up 8% year-on-year; year-end order backlog reached a record EUR 10.5 billion, up 7% and with Hydropower representing ~43% of backlog.
Return to Revenue Growth in Q4 and Solid FY Book-to-Bill
Q4 revenue EUR 2.3 billion, up 3% versus prior-year quarter; full-year revenue EUR 7.9 billion with a book-to-bill ratio of 1.13 (order intake/revenue).
Comparable EBITA Margin Stability
Comparable EBITA margin for FY 2025 remained stable at 8.9% (EUR 698 million), effectively unchanged from prior year despite a 5% revenue decline.
Strong Cash Generation and Free Cash Flow
Operating cash flow EUR 653 million (+3% year-on-year) and free cash flow EUR 383 million; Q4 operating cash flow ~EUR 339 million helped restore liquidity toward year-end.
Progressive Capital Allocation and Higher Dividend
Proposed dividend increased to EUR 2.70 per share (up from EUR 2.60), payout ratio rising to 58% from 52% in prior year; capital allocation balanced across dividends, CapEx and active M&A.
Service Business at Record Levels
Service revenue reached an all-time high and now represents 44% of consolidated revenue; in Pulp & Paper service share rose to ~59% of that business' revenue, supporting resilience.
Business Area Outperformance: Pulp & Paper and Hydropower
Pulp & Paper order intake +20% (notably five complete pulp mills in China). Hydropower order intake +16%; Hydropower revenue +12% and EBITA margin improved from 6.1% to 6.8%.
Successful M&A Execution
Six acquisitions completed in 2025 (including Salico, A.Celli, LDX Solutions, Sanzheng, Diamond Power and a material handling business) supporting portfolio completion, local content and decarbonization offerings.
Operational Improvements and ROIC
Operational execution and timely capacity reductions preserved margins; ROIC remains strong at just under 18% (industry-leading post-tax level) and would be close to 20% adjusted for 2025 acquisitions.
ESG Progress and SBTi Approval
Finished 2025 ESG program meeting all but two targets (share of green products 47% vs 50% target; women in workforce 17% vs 20% target) and obtained SBTi approval for greenhouse gas reduction targets aligned with Paris goals.
MX:ANDRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed