Andritz AG (ADRZF) Q1 2025 Earnings Call Transcript

2025-04-30 16:15:58 ET

Andritz AG (ADRZF)

Q1 2025 Earnings Conference Call

April 30, 2025 2:30 AM ET

Company Participants

Matthias Pfeifenberger – Head-Investor Relations

Joachim Schönbeck – Chief Executive Officer

Vanessa Hellwing – Chief Financial Officer

Conference Call Participants

Sven Weier – UBS

Lars Vom Cleff – Deutsche Bank

Daniel Lion – Erste Group

Peter Rothenaicher – Baader Bank

Presentation

Operator

Ladies and gentlemen, welcome to the Andritz Q1 2025 Results Conference and Live Webcast. I am George, the Chorus Call operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by Q&A session. [Operator Instructions]

At this time, it’s my pleasure to hand over to Matthias Pfeifenberger. Please go ahead.

Matthias Pfeifenberger

Thanks a lot, George. It’s Matthias Pfeifenberger. A warm welcome from Andritz this morning. I’m in charge of Investor Relations, and I would like to welcome you to today’s call on the Q1 2025 financial results. It’s a big pleasure for me to have our CEO, Dr. Joachim Schönbeck; and our CFO, Vanessa Hellwing, with me in the call. I’d like to show you the disclaimer for a second and then remind you of the agenda today. So we’ll start the call with the CEO key messages and the Q1 highlights, followed by the financial performance, an update on the business areas and then finally an outlook and the targets for the medium term.

And with that, it’s my pleasure to hand over to the CEO, Dr. Joachim Schönbeck.

Joachim Schönbeck

Thank you, Matthias. Good morning, everybody. Welcome to our conference call. Thank you very much for spending your time with us and your interest in our performance. If we conclude on the first quarter, we would say we are quite happy with the business performance in that quarter, considering what’s happening besides us in the world. We had a significant increase in order intake. We had a big step-up in Pulp & Paper and Hydropower year-on-year. We could record quite stable development in Metals, and we could see further growth in our Service business. The revenue declined. You know that order intake, particularly in the first half of last year, was rather low, but we could increase Service revenue, which is good and in line with what we strategically have planned....

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