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Turning progress into industrial impact

FOR GROWTH THAT MATTERS

ANNUAL REPORT 2025

This page provides an overview on our business year 2025 with selected parts from our Annual Report. The report in full can be downloaded as a PDF.

2025 in brief

  • Order intake grew by 8%, driven mainly by Hydropower and Pulp & Paper, pushing the order backlog to a record level despite the challenging market environment.
  • Sustainability performance accelerated: most 2025 ESG targets were achieved early, and new 2030 ESG targets were set, including science-based climate targets validated by SBTi.
  • Major global projects delivered, including large pulp and hydropower facilities in Brazil, India, China, and Morocco.
  • Innovation and digitalization advanced, with over a dozen AI powered customer solutions running in plants and more than 6,000 internal Copilot licenses deployed.
  • Strategic acquisitions strengthened the portfolio, expanding technologies, services, and capabilities across key markets.  
     

Letter from the CEO

Navigating uncertainty, investing in the future

Dear stakeholders, team members, and partners,
2025 was truly noteworthy and exciting at the same time. Once again, we faced a year that demanded discipline and clear priorities as we worked through geopolitical hurdles and a cautious investment climate. Yet ANDRITZ performed well and I am proud of how our teams have coped with the challenges.

Joachim Schönbeck, President & CEO ©Ian Ehm

Dear stakeholders, team members, and partners,

2025 was truly noteworthy and exciting at the same time. Once again, we faced a year that demanded discipline and clear priorities as we worked through geopolitical hurdles and a cautious investment climate. Yet ANDRITZ performed well and I am proud of how our teams have coped with the challenges. Order intake increased, our backlog reached new record levels, and our profitability remained solid – all thanks to the trust of our customers, the strong partnership with our suppliers, and the dedication of our employees. 

It’s encouraging – and a good sign for the future – that our order intake grew by around 8%, driven mainly by Hydropower and Pulp & Paper. Our service business also expanded, adding stability and strengthening our overall performance. Revenue dipped below previous peaks as several large projects continue to ramp up, but the orders are in our books and the earnings will follow. Through capacity adjustments and strict cost discipline, we were nevertheless able to protect our margins. 

A YEAR OF MANY HIGHLIGHTS 
There have been impressive achievements in all our business areas. In Brazil, Suzano’s new pulp mill in Ribas do Rio Pardo, which operates entirely with ANDRITZ technology, completed its first full year of operation and reached its plate capacity in record time, setting a new industry benchmark. In India, our commissioning at the Pinnapuram pumped storage plant enabled the customer to start generating revenue earlier than planned through outstanding operational execution. These projects demonstrate how quickly complex infrastructure can be realized when you work with your customer as a team. 

The year 2025 also marked the first time we managed to upgrade an automotive servo press line without any additional production downtime. Our close and trustful collaboration with the BMW team played a decisive role in making this possible. In Europe, we secured major contracts for cutting-edge sewage sludge incineration plants in Germany. These plants enable safe thermal treatment, ensure the legally required recovery of phosphorus, and strengthen the circular economy in Europe. Across Metals and Environment & Energy, our teams demonstrated how our technologies support the green transition – from more efficient manufacturing and recycling to e-mobility and clean air. Seeing these solutions implemented worldwide has been truly inspiring. 

Sustainability is anchored at the very heart of our strategy – not as a checkbox, but as a long-term commitment. Having surpassed most of our 2025 ESG targets ahead of schedule, we have set new targets for 2030, including science-based climate targets (SBTi) in line with the 1.5-degree pathway. This consistent development is also reflected in a significant improvement in our ESG ratings, rising into the top 5% of our peers in key external rankings – progress that reflects the standard we aim to uphold. 

ADAPTING TO CHANGE
In Europe, the green transformation has paused. Although technologies such as green hydrogen and power-to-X applications are available, legal uncertainties undermine the investment climate, while excessive regulation jeopardizes economic feasibility. ANDRITZ is ready to deliver and looking forward to the right environment for our customers to invest. 

In the US, new tariffs increased costs and delayed customer decisions, though they have not had a material impact on our results. With around 60% of our value already created locally, we are well positioned to provide important technologies for the re-industrialization of the country. By adapting our supply chains and investing locally, we will be competitive for the next phase of growth in this key market. 

INNOVATION, AI, AND GROWTH 
Key themes in our business are innovation and operational excellence. We have more than a dozen AI-powered solutions running in customer plants, and we have already rolled out more than 6,000 Microsoft Copilot licenses internally. Our teams use AI tools in order to increase the productivity of our customers and provide them with better and quicker solutions. 

Growth also comes from targeted acquisitions. With eight of them completed in 2025, we strengthened our capabilities in clean technologies and services, especially in North America. This approach is part of our DNA: we aim for a balanced mix of organic growth and M&A, targeting companies that can further develop as part of ANDRITZ and that fit us culturally and technologically. For us, acquisitions are not just about numbers – they are about people, culture, and a shared vision. 

LOOKING AHEAD TO 2026 
We enter 2026 with strong teams, a solid backlog, and clear priorities. With a continued focus on quality, cost awareness, and innovation, I am confident we will deliver sustainable growth. While our business environment will remain challenging, our high backlog ensures a solid workload, and executing projects safely, on time, and on budget will remain our top priority. At the same time, we are sharpening our cost position, driving innovation, and expanding our service activities. 

Regionally, we see prospects in India and Southeast Asia, continued investment in China, and we hope for new momentum in the US. What gives me confidence is a simple observation: the key drivers of our business – electrification, renewable energy and resources, and circular economy – remain major trends of the 21st century, with ANDRITZ well positioned to support our customers on their journey. 

OUR PEOPLE, OUR STRENGTH
Above all, it is our people who make all the difference. The strong response to this year’s employee engagement survey reflects the passion and commitment of our organization. Every day, ANDRITZ employees build hydropower plants, commission cutting-edge pulp mills, modernize metal lines, maintain customer operations worldwide, and ensure smooth processes in our offices and workshops. Their expertise and drive continue to inspire us. Thank you to everyone for your dedication and support. 

We also thank our customers and partners for their trust and cooperation, and our shareholders for their confidence. Your support enables us to keep moving forward together. 

Sincerely,

Joachim Schönbeck
President and CEO

 

IN THE SPOTLIGHT

Success stories

Key financial figures

Order intake

8.9 billion EUR

(2024: 8.3 billion EUR / +8%)

Revenue

7.9 billion EUR

(2024: 8.3 billion EUR / -5%)

Order backlog

10.5 billion EUR

(2024: 9.7 billion EUR / +7%)

Comparable EBITA

698 MEUR

(2024: 743 MEUR / -6%)

Comparable EBITA margin

8.9%

(2024: 8.9%)

Net inome (incl. non-controlling interests)

457 MEUR

(2024: 497 MEUR / -8%)

About us

Engineering the change – creating lasting impact through sustainable innovation

ANDRITZ is a pioneering engineering company offering a broad portfolio of innovative plants, equipment, systems, services, and digital solutions across selected sectors and markets. Our purpose is to create growth that matters — for the business, the people, and our planet. 

With our comprehensive portfolio of innovative and economically viable solutions, we aim to support our customers in mastering and managing the green transition. Our business areas — Pulp & Paper, Metals, Hydropower, and Environment & Energy — are among the global leaders in their respective industries. 

© kanesuan - stock.adobe.com

We empower our people to grow — and grow the company with them.

We empower our people to grow — and grow the company with them.

We empower our people to grow — and grow the company with them.

We empower our people to grow — and grow the company with them.

We empower our people to grow — and grow the company with them.

Empowering people, enabling progress

At ANDRITZ, success begins with people. Across more than 80 countries, it is their expertise, creativity, and commitment that drive innovation and strengthen our ability to adapt to changing market needs. 

  • Attractive employer worldwide
    As a stable local employer and global technology leader, ANDRITZ is well positioned to attract and retain qualified professionals across regions and disciplines.
  • Creating a strong employee experience
    We aim to provide an environment where employees can perform at their best, contribute to meaningful work, and grow professionally.
  • Developing future talent
    ANDRITZ invests in the next generation of talent through high-quality apprenticeship programs, university partnerships, internships, and thesis opportunities.
  • A people-driven future
    ANDRITZ invests in people’s skills and know-how, fosters innovation, and encourages lifelong learning in order to secure the group’s competitiveness and long-term growth. 

Enabling the green transition

ANDRITZ is a leader in sustainable industrial transformation, offering innovative technologies that drive decarbonization and resource efficiency. The company’s solutions include carbon capture, green hydrogen, renewable energy, battery production, and advanced recycling. 

By integrating environmental responsibility with technological innovation, ANDRITZ empowers industries to achieve their sustainability goals and supports the global shift toward a greener future.

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Innovation engineered for industrial scale

For a technology company like ANDRITZ, innovation is a key driver of growth and long-term competitiveness. It is built on a strong global R&D organization comprising several hundred experts working across multiple locations worldwide, supported by comprehensive research and development test centers in Europe and the United States. 

We focus our innovation efforts on technologies that support decarbonization, digital transformation as well as improved energy and material efficiency. 

  • Decarbonization: Supporting customers in reducing emissions and advancing sustainability goals
  • Digitalization: Using advanced technologies to increase productivity, reduce costs, and improve process performance
  • Energy and material efficiency: Improving resource efficiency across industrial processes and value chains 
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© panuwat - stock.adobe.com

Creating value through digitalization

At ANDRITZ, digitalization starts with a clear question: What customer problem can we solve? Focused on deep process expertise and real customer value, our digital tools strengthen simulation, optimization, and open ecosystems to boost efficiency, accelerate decisions, and drive sustainable growth. 

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Customer focus

Developing digital solutions that support our customers’ path toward autonomous operations.

Efficient process

Optimizing internal operations to enhance customer service and support decarbonization.

AI & data

Scaling AI adoption and leveraging data to create differentiated solutions and competitive advantage.

Modern digital infrastructure

Modernizing our technology backbone for greater capability, performance, and cost efficiency.

Fueling progress with sustainable and innovative solutions

We offer a wide range of innovative, economically viable solutions that enable the green transition and help our customers to reach their sustainability goals. These solutions empower customers to safeguard the environment, drive decarbonization, minimize critical resource consumption, and promote a circular economy through the innovative reuse of production byproducts or waste. 

  • Reducing carbon emissions from industry and transport to mitigate climate change
  • Maximizing resource reuse and circulation for a sustainable economy
  • Protecting our environment, keeping it as free from emissions as possible
Electrolyzer Gigafactory in Erfurt, Germany

In June 2025, ANDRITZ was joined by Mario Voigt, Minister-President of Thuringia, in officially opening our state-of-the-art Electrolyzer Gigafactory in Erfurt, Germany, marking a major milestone in advancing green hydrogen production and sustainable energy solutions. 

Sustainable solutions

ANDRITZ is at the forefront of renewable energy conversion with holistic Power-to-X (P2X) solutions that transform renewable energy concepts into operational reality. By integrating advanced technologies (including proprietary carbon capture, green hydrogen electrolysis, renewable fuel synthesis), we enable the production of green hydrogen, e-methanol, and e-ammonia. 

Our approach spans the entire project life cycle – from early engineering consulting, concept design, and feasibility studies to detailed engineering and complete EPC (Engineering, Procurement, Construction) solutions. We also provide long-term service agreements for operation and maintenance, ensuring optimized plant performance. 

Our commitment to innovation and sustainability positions us as a reliable partner in advancing the green energy ecosystem and accelerating the global energy transition. 

Green hydrogen is a key factor in shaping the future of the global energy sector and achieving climate goals. 

We aim to lead in this field by providing a full range of solutions for green hydrogen production. Our expertise covers everything from initial consulting and engineering to delivering complete turnkey plants on an EPC basis. We also offer comprehensive life cycle services, such as performance management and predictive maintenance, supported by advanced digital tools. 

At the core of our green hydrogen system are electrolyzers, which use renewable electricity to split water into hydrogen and oxygen. If the electricity comes from renewable sources (like wind, solar, or hydropower), the result is green hydrogen. 

Thanks to our new Electrolyzer Gigafactory in Erfurt, Germany, with an annual production capacity of 160 to 200 electrolyzers, ANDRITZ is ready to meet the European demand and rapidly scale the green hydrogen market. 

Our EPC expertise, autonomous plant technology, and advanced services are essential for the group to assume a leadership position in the industry.  
 

Electrolyzer Gigafactory in Erfurt, Germany

 

We offer solutions to capture carbon emissions from industrial processes, with a particular focus on the pulp and paper, waste-to-energy, biomass, cement, and steel industries. Our extensive portfolio ranges from feasibility or FEED (Front-End Engineering Design) studies to complete turnkey EPC (Engineering, Procurement, and Construction) deliveries, and ensures a seamless path from concept to implementation. In order to enable on-site testing, minimize risks, reduce costs, and gain valuable insights, ANDRITZ offers mobile test units that can be shipped, installed, and operated at industrial plants. 

Our technologies separate and capture CO2 from flue gas and process it to reach the highest quality grade, for example, for food applications. It can also be compressed and liquefied for use as a carbon source for e-fuel production or safely stored underground for permanent removal from the atmosphere. 

Our solutions can be either installed in greenfield plants or retrofitted in existing plants. Forecasts suggest that global carbon capture, utilization, and storage uptake needs to expand 120 times by 2050. For countries to achieve their net-zero commitments, we need to increase the volume of captured CO2 to at least 6 gigatons per annum. 

Driven by stricter regulations, higher carbon prices, various incentives for decarbonization, and the valuation of the biogenic fraction of captured CO2 as negative CO2 emissions, there is a growing demand for ANDRITZ carbon capture solutions.  

We specialize in advanced technology for the production of highly sustainable renewable fuels, with e-methanol at the forefront. As an alternative to fossil fuels, e-methanol significantly reduces greenhouse gas emissions and our reliance on conventional fossil fuels, especially in maritime transportation. 

ANDRITZ offers comprehensive solutions for the production of e-methanol from carbon dioxide and green hydrogen, delivering technology-focused, complete EPC solutions and early engineering consulting. Our technologies provide the lowest levelized cost of e-methanol at a high product output and a minimized environmental footprint. 

Biogenic CO2 is an abundant, often unused feedstock. With our carbon capture technology and pulp mill expertise, we enable its cost-efficient use – a single pulp mill can supply 2 million metric tons (MTA) of biogenic CO2 per annum, enough for 1.2 MTA of e-methanol.  

Biomethanol is a byproduct of the kraft pulping process. In conventional mills, it is typically treated as part of the recovery cycle. 

With ANDRITZ purification technology, this crude methanol can be recovered and upgraded to high-purity, trade-grade biomethanol using a patented mineral oil–based extraction process.

The biomethanol produced meets commercial specifications and can replace fossil-based methanol in transportation and chemical applications.  

Kraft lignin is a byproduct in the pulp production process. In today’s pulp mills, it is used to generate energy. However, it is also a renewable bio material and can be used as a renewable resource to replace fossil- based materials in the chemical industry or as the basis for new biofuels. 

Lignin recovery solutions are part of our CircleToZero initiative, which aims to maximize the use of side streams in pulp mills, laying the foundation for zero emissions and zero waste production. 

We are currently delivering the world's largest lignin production system to the Swedish forest industry group Södra for its Mösterås pulp mill in Sweden. The production plant is scheduled to start up in 2027.  

ANDRITZ is developing the battery manufacturing sector for e-mobility, focusing on the efficient production of lithium-ion and all-solid- state (ASSB) batteries. With the global electric car fleet growing, ANDRITZ responds by offering the most advanced manufacturing lines for battery cell assembly, finishing, and metal housings for batteries. 

Significant milestones in the past include our successful market entry with cell finishing equipment for gigafactories and securing key contracts, such as a pilot assembly line for large lithium-ion pouch cells for the Fraunhofer Research Institute for Battery Cell Production FFB.

In 2025, ANDRITZ supplied a high-performance 1.5-gigawatt formation line to a leading battery producer in Germany for charging and discharging cylindrical cells. The new line is made up of several hundred formation chambers, integrated power electronics, and an automated intralogistics system. 

In compliance with high-level safety standards, the advanced power electronics solution offers an energy efficiency of 85% from grid to cell and cell to grid respectively, and even 92% from cell to cell.  

Textile recycling is a vital step in tackling the global challenge of textile waste, offering environmental and economic benefits. Every year, over 90 million metric tons of textile waste are generated.

Addressing this issue, we offer comprehensive solutions, including automated textile sorting as well as mechanical and chemical recycling for efficient and gentle fiber treatment. 

ANDRITZ Laroche has been developing the mechanical recycling process for over a century. Thanks to this expertise and more than 2,000 reference projects worldwide, we enable our customers to process almost any type of pre- and post-consumer textile waste.  

Financial Year 2025 - Downloads
ANDRITZ annual report 2025
ANDRITZ annual report 2025
PDF: 8.5 MB
ANDRITZ financial report 2025
ANDRITZ financial report 2025
PDF: 2.1 MB
ANDRITZ Non-financial statement 2025
ANDRITZ Non-financial statement 2025
PDF: 2.6 MB