Q1 2026 Andritz AG Earnings Call Transcript
Key Points
- Andritz AG (ADRZF) reported a record high order intake of EUR 3.6 billion, driven by strong performance in Hydropower and Pulp & Paper sectors.
- The company achieved a record order backlog of EUR 12.4 billion, marking a 22% increase compared to the previous year.
- Revenue grew by 2% nominally, with a 6% increase when accounting for foreign exchange impacts, supported by Hydropower and Pulp & Paper.
- The service business reached an all-time high, with service revenue comprising 46% of total revenue in Q1 2026.
- Operating cash flow increased by 22% to EUR 89 million, demonstrating strong financial quality and cash discipline.
- The automotive sector experienced a further decline, impacting the Metals segment negatively.
- Environment & Energy saw a small decline in order intake, attributed to economic uncertainties delaying decision-making.
- Foreign exchange translation had a negative impact of EUR 71.6 million on the company's financials.
- Despite the high order intake, the company cautioned against extrapolating this performance for future quarters.
- The backlog conversion rate is expected to decrease due to longer execution times for Hydropower projects, potentially delaying revenue realization.
Ladies and gentlemen, welcome to the ANDRITZ Q1 2026 Results Conference and Live Webcast. I'm Sergen, the Chorus Call operator. (Operator Instructions)
And the conference is being recorded. The presentation will be followed by a Q&A session. (Operator Instructions)
At this time, it's my pleasure to hand over to Matthias Pfeifenberger, Head of Investor Relations. Please go ahead, sir.
Good morning, and a warm welcome from ANDRITZ for Q1 earnings call and webcast. Thanks for your continued interest in ANDRITZ and your participation today. It's a great pleasure for me to present your presenters for today's call. I have with me our CEO, Dr. Joachim Schönbeck; and our CFO, Vanessa Hellwing, I'd like to pass over to Dr.
Schönbeck now for an overview of our Q1 results. Please go ahead.
Thank you very much, Matthias. Good morning
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