Austrian industrial group Andritz heads into the UBS European Conference in London on Tuesday and Wednesday carrying a record order backlog of €12.73 billion, giving investors a fresh chance to question management on how it turns that pipeline into profitable growth. The company lists the conference in its official financial calendar, and the event follows its third-quarter results published on 29 October.

The figures behind the appearance are strong. Third-quarter revenue reached €2,059.6 million, up 9.2% on the same quarter last year. Order intake was €2,166.2 million, slightly down on the year before but above the €2 billion mark for the eighth consecutive quarter. The order backlog stood at €12,729.1 million at 30 September, a record high for the company and 21.7% above the level at the end of 2025.

Profitability held up alongside the growth. Comparable EBITA rose to €184.9 million, with the comparable margin steady at 9.0% against 8.9% a year earlier. Net income increased by 14.4% to €127.3 million. For the first nine months of the year, revenue reached €5,900.9 million, up 6.5%, while order intake totalled €8,085.9 million, up 17.1% year on year.

Hydropower did much of the heavy lifting. Order intake in the division rose 34.2% to €703.9 million, supported by demand for renewable power and the modernisation of existing plants. Major orders included modernising the Gabčíkovo hydropower plant, Slovakia's largest hydroelectric facility, generator equipment for the Nes plant in Norway and turbine refurbishment for the Sampolo pumped-storage project in France. Hydropower revenue rose 25.4% to €501.1 million.

The picture was more mixed elsewhere. Metals order intake rose 20.8% to €357.4 million, helped by steel processing equipment orders in the US and India. Pulp & Paper intake fell 24.5% to €706.8 million after a particularly strong prior-year quarter, although its revenue still rose 8.8%. Environment & Energy intake fell 6.1% to €398.1 million, with revenue up 3.1%.

Management confirmed its full-year guidance. Andritz still expects 2026 revenue of between €8.0 billion and €8.3 billion, with a comparable EBITA margin of between 8.7% and 9.1%. The group also set out medium-term targets at its Capital Markets Day in October, aiming for revenue of €10 billion and a comparable EBITA margin of 10% by 2029. Chief executive Joachim Schönbeck said revenue and earnings grew significantly in the third quarter and the order backlog reached a new record high, adding that the company would continue to push for further improvements and turn its strong backlog into profitable growth.

Andritz shares traded at €81.40 on Lang & Schwarz at 17:40 CET on Sunday. The wider backdrop for European industrial shares is choppy: Germany's DAX fell 1.9% on Friday as a global sell-off in technology and semiconductor shares spread across the continent. Against that background, the UBS conference gives investors a scheduled opportunity to hear how Andritz frames execution, demand and the conversion of its record backlog after its latest quarterly figures.