Half Year 2024 Andritz AG Earnings Call Transcript
Key Points
- Stable earnings and EBITDA with a slight increase in profitability.
- Significant growth in the Environment & Energy segment, with a 38% increase in order intake in the first half.
- Strong performance in the service business, contributing to stable revenue.
- Successful acquisition of Procemex, enhancing automation and digitalization capabilities.
- Confirmed guidance for 2024, with expectations of stable revenues and continued growth in service and green products.
- Order intake dropped by 18% to EUR3.8 billion in the first half.
- Decline in revenue by 9% in Pulp & Paper and 7% in hydropower.
- Severe decline in order intake in the Metals segment, with a drop in EBITA margin to 4.5%.
- Order backlog decreased to EUR9.7 billion, reflecting a 3% drop.
- Negative financial results in the first half due to valuation effects and restructuring costs.
Good morning. A warm welcome to the capital markets from hundreds. I'm here with our CEO, Dr. Schönbeck; and our CFO, Mr. Nettesheim. Let me quickly run you through the agenda for today. Will start with the overview of the financial performance by Dr. Schönbeck, then switch to the financials, and then finish up with an overview on the segments and the outlook followed by the Q&A. (Event Instructions)
And now I'd like to hand over Dr. Schönbeck, for his opening remarks.
Good morning, ladies and gentlemen, thank you very much for attending our webcast for our half year results and your interest in our company. I would say the message we want to deliver today is basically that we have a stable development despite a quite challenging economic environment. We can confirm the guidance for 2024. But let's go to the details.
On the -- if you look at the numbers, the order intake dropped in first
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