Andritz Ag Graz Akt (ADRZF) Q3 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. A warm welcome from our side, Matthias from IR. Thank you for joining our Q3 earnings call. The call today will be held by our CEO, Dr. Joachim Schoenbeck, and our CFO, Norbert Nettesheim. Please also look at the disclaimer for a second. As you can see in the agenda, we will start with the key CEO messages and the Q3 highlights, followed by the more detailed financial performance. and an update on the business areas followed again by the outlook for 2024 and the Q&A session. And it's my pleasure now to hand over to our CEO, Dr. Joachim Schoenbeck. Good morning to everybody. Thank you very much for joining us in this call early morning in your time. And we have the next slide, please. I think we had another... would say challenging quarter behind us economically challenging believe interest rates are however moving in the right direction for us none of the global crisis have been solved so they are still ongoing some upside potential from solving those and what you probably have not realized In Austria, we managed the election in the last quarter with the expected outcome. But I believe the much more important election will be next week. And we are looking forward to these results. If we look to hundreds, We could see an increasing order intake in Q3 compared to the previous year. However, market conditions are still difficult. We see a solid growth in the service business. And we see high interest in the solutions industry needs for the green transition, but actually purchase order and bookings remain slow. On the revenue, we see a slight decrease in the revenue year on year, about 3%. On the earnings side, we have a stable EBITDA and stable margin. Project execution has been very solid, no new surprises from from external sources. So I think we managed...