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PRESS RELEASE
ANDRITZ announces increased financial targets
ANDRITZ AG holds Capital Markets Day 2024 in Leipzig, announcing new financial targets to be achieved by 2026, including revenue exceeding 10 billion EUR, EBITA margin surpassing 9%, and net income margin above 6%. The company will also continue to focus on its successful M&A strategy, with a particular emphasis on service and digitalization. -
PRESS RELEASE
ANDRITZ to supply equipment for major pumped storage project in Greece
ANDRITZ has been awarded a contract to supply electromechanical equipment for the new Amfilochia Pumped Storage Complex in Greece, the largest grid energy storage investment in the country. The project will contribute to Greece's clean energy transition by providing a total installed capacity of 680 MW for generation and 730 MW for pumping, with an estimated annual production of approximately 816 GWh of clean electrical energy. The advanced pumped storage plant will play a crucial role in balancing fluctuations in power generation from wind and solar plants, ensuring stable operation of the Greek power grid and supporting the growing share of renewable energy sources. ANDRITZ, a global market leader in Hydropower and other business areas, is proud to contribute to a sustainable energy future through state-of-the-art equipment and expertise.
