The earnings call presented a mixed picture with some positive developments in order intake and stable margins, but challenges remain with declining revenue and order backlog, particularly in the Pulp & Paper segment. Restructuring efforts are underway to address these issues.
Company Guidance
During the Q3 earnings call for fiscal year 2024, ANDRITZ provided updated guidance reflecting current market conditions. The company reported an order intake of EUR 1.9 billion for Q3, which is a 6% increase from the previous year, yet still 5% below the quarterly revenue of EUR 2 billion, marking a 3% year-on-year decline. Despite challenging economic conditions, the EBITA remained stable at EUR 174 million with a margin of 8.5%. The order backlog decreased by 9% year-on-year, and net income was slightly lower at EUR 118 million, maintaining a stable margin of 5.8%. For the first three quarters of the year, order intake totaled EUR 5.7 billion, a 12% decline from the previous year, while revenue was down 3% at EUR 6 billion. The company adjusted its guidance for 2024, now anticipating a slight decrease in revenue, while maintaining stable profitability. The CEO highlighted strong interest in green technologies and a growing service business, but acknowledged the sluggish purchase order pace and the need for capacity adjustments due to delayed market recovery.
Order Intake Increase
Q3 2024 saw a 6% increase in order intake compared to Q3 2023, reaching EUR 1.9 billion.
Stable EBITA Margin
EBITA margin remained stable at 8.5%, with an EBITA of EUR 174 million, despite challenging market conditions.
Positive Developments in Environment & Energy
Strong growth in order intake and revenue in Environment & Energy, with a 13% increase in order intake year-to-date.
Metals Segment Improvement
Metals segment saw a strong Q3 with significant orders in Metals Processing and Metals Forming, and operational improvements leading to margin gains.
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Andritz AG (DE:AZ2) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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DE:AZ2 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 31, 2024
€60.85
€55.70
-8.46%
Jul 25, 2024
€55.60
€56.70
+1.98%
Apr 25, 2024
€55.85
€53.10
-4.92%
Feb 29, 2024
€58.25
€56.14
-3.62%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Andritz (DE:AZ2) report earnings?
Andritz (DE:AZ2) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Andritz (DE:AZ2) earnings time?
Andritz (DE:AZ2) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.