• Four quarters in a row with order intake of over two billion euros
  

• Record order backlog of almost 11 billion euros
  

• Strong increase in revenue
  

• Significant increase in net income
  

Joachim Schönbeck, President & CEO of ANDRITZ AG: “All four of our business areas offer a wide range of sustainable products and solutions that serve current mega trends such as decarbonization, e-mobility, energy transition, and circular economy. This is reflected in the very pleasing development of our order intake. Despite short-term worries about a recession, we see growing demand for our products and solutions in the medium and long term.”

The Group’s financial key figures:

• Order intake in the third quarter of 2022 amounted to 2,683.4 MEUR and was thus almost twice as high than the figure for the previous year’s reference period (Q3 2021: 1,461.0 MEUR). Especially the Pulp & Paper and Metals business areas contributed to this significant increase.
  

• Order backlog as of September 30, 2022 amounted to 10,822.2 MEUR, thus reaching a historical record high (+32.5% compared to the end of 2021: 8,165.8 MEUR).
  

• Revenue reached 1,890.8 MEUR in the third quarter of 2022 and was thus well above the figure for the previous year’s reference period (Q3 2021: 1,521.5 MEUR). All four business areas noted significant increases in revenue compared to the previous year. Revenue, at 5,207.8 MEUR, was also significantly higher than the previous year’s reference figure (+14.5% versus Q1-Q3 2021: 4,548.5 MEUR) in the first three quarters of 2022.
  

• At 152.6 MEUR, the EBITA in the third quarter of 2022 was considerably higher than the figure for the previous year’s reference period (Q3 2021: 127.3 MEUR). The EBITA in the first three quarters of 2022 amounted to 425.8 MEUR (+16.7% compared to Q1-Q3 2021: 365.0 MEUR). Profitability (EBITA margin) at 8.2% was higher compared to the previous year’s reference period (EBITA margin Q1-Q3 2021: 8.0%).
  

• Net income (without non-controlling interests) increased significantly in the third quarter of 2022 to 100.8 MEUR (Q3 2021: 76.2 MEUR). In the first three quarters of 2022, the net income (without non-controlling interests) amounted to 268.0 MEUR (Q1-Q3 2021: 212.9 MEUR) and was thus 25.9% higher than the level of the previous year’s reference period.