Andritz defies the headwind: decline in sales, but profit stable!

Andritz defies the headwind: decline in sales, but profit stable!

Österreich - On March 6, 2025, the Styrian Mechanical engineering giant Andritz announced that the company had to master significant challenges in the 2024 financial year. Despite a decline in sales from four percent to 8.31 billion euros compared to the record year 2023 and a slight decline in profit by 1.5 percent to 496.5 million euros, CEO Joachim Schönbeck is satisfied with the stability of the company. "Due to the economic headwind, we were unable to achieve growth in 2024," he said. Nevertheless, operational profitability grew, which underlines the company's adaptability. This positive development was also promoted by increased income in the service area, which now make up 41 percent of total sales.

The order input also portrayed itself in a difficult light in 2024 and fell 3 percent to 8.28 billion euros. However, the areas of Hydropower and Environment & Energy in particular were able to increase their order volume, which gives hope for future stability in a challenging market environment. A strong increase in order in the fourth quarter, especially through large orders in the hydropower sector, helped Andritz to be well prepared for the coming years. As the information from Andritz illustrates, a revival of project activities and slight sales stability between 8.0 and 8.3 billion euros are expected.

positive prospects despite challenges

The management plans to increase the dividend from 2.50 to EUR 2.60 per share, which is supposed to set a positive accent. Despite the headwind, Schönbeck sees Andritz's team well positioned in order to act successfully and meet customer needs. Through continuous investments and strategic adjustments to market conditions, the company would like to counter the challenges and take advantage of opportunities. While the entire economic environment remains difficult, Andritz is optimistic and ready to take the next steps in order to successfully implement the corporate strategy in the coming years. According to Anda> the company has made significant progress since 2022 and wants to continue this course.