Andritz Q1 2024 Earnings: Stable Results Reported

• ANDRITZ AG reported stable results for Q1 2024, with a slight decrease in revenue but stable profitability and a slight increase in net income compared to Q1 2023.
• The Group's revenue reached 1,886 million EUR, a decrease of 4% compared to Q1 2023. The EBITA margin remained at 8.1% and net income increased by 1.6% compared to Q1 2023.
• Order intake reached 1,950 MEUR, down 19% compared to Q1 2023. However, orders for green technologies increased.
• The order backlog as of March 31, 2024, amounted to 10,002.7 MEUR, an increase compared to the end of 2023.
• Operating cash flow increased significantly to 285.3 MEUR compared to Q1 2023 due to improvements in net working capital.
• ANDRITZ does not expect a quick recovery of the markets due to the global economic environment and has adjusted its outlook, expecting stable revenue and profitability for the 2024 financial year.

The next important date, Quarterly report, at Andritz is on 25.04.2024.

The price of Andritz at the time of the news was 55,43EUR and was up +0,05 % compared with the previous day.
18 minutes after the article was published, the price was 55,30EUR this corresponds to a minus of -0,23 % since publication.

Andritz

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+1,55 %

-5,53 %

-7,78 %

-6,27 %

+17,42 %

+62,09 %

+27,47 %

+580,05 %

ISIN:AT0000730007WKN:632305

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