ANDRITZ Achieves Satisfactory 2024 Results Amid Challenges

ANDRITZ AG, the international technology group, announced satisfactory results for 2024 despite ongoing market challenges. The company reported a strong order intake in the fourth quarter, balancing a slight 4% revenue decline to 8.31 billion EUR. The order intake for the year reached 8.28 billion EUR, a marginal 3% drop compared to 2023. Significant growth was observed in the Hydropower (+7%) and Environment & Energy (+8%) sectors.

The EBITA margin remained stable at 8.6%, with net income margin increasing to 6%, reaching a record high. Notably, service revenue grew to 41% of total revenue. ANDRITZ's strategic focus on operational efficiency led to a comparable EBITA margin improvement to 8.9%.

A dividend increase to 2.60 EUR per share was proposed, subject to approval. CEO Joachim Schönbeck lauded the company's adaptability and readiness to face future challenges while embracing opportunities. Looking ahead, ANDRITZ expects stable revenue and operational profitability in 2025.