Who Owns Andritz Company?

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Who Owns Andritz AG?

Understanding a company's ownership is key to its strategic direction and market influence. Significant changes in shareholding can dramatically alter a company's path. ANDRITZ AG, a global technology group, showcases how ownership shifts shape its journey and market standing.

Founded in 1852, ANDRITZ has evolved into a leading supplier of plants and services for various industries, including hydropower and pulp & paper. The company's focus on sustainable technologies and digitalization highlights its commitment to growth.

As of 2024, ANDRITZ AG is a publicly traded entity headquartered in Graz, Austria, with a workforce of approximately 30,000 employees globally. The company reported revenues of EUR 8.31 billion in 2024 and aims for EUR 9 billion to EUR 10 billion by 2027, with a target comparable EBITA margin exceeding 9%. This analysis will explore the evolution of ANDRITZ's ownership, from its early stakes to its current major stakeholders and public shareholders, including insights into its product offerings like the Andritz BCG Matrix.

The origins of the company trace back to 1852 when Josef Körösi established an iron foundry in Andritz, near Graz, Austria. Initially, the focus was on metal goods, but it quickly expanded to include larger capital equipment like cranes and water turbines.

Founding and Early Operations

Josef Körösi founded the company in 1852, beginning with an iron foundry. Production quickly diversified from simple metal goods to more complex capital equipment.

Transition to Stock Corporation

In 1900, the company transitioned into a stock corporation, becoming 'Maschinenfabrik Andritz Actiengesellschaft'. This marked a significant step in its formal structure and integration into larger business groups.

Acquisition by Creditanstalt

By 1950, Creditanstalt-Bankverein, a prominent Austrian bank, acquired a majority stake. This was the eighth ownership change within the company's first century of operation.

Cooperation with Escher Wyss

A crucial partnership began in 1949 with the Escher Wyss Group of Switzerland. This collaboration initially focused on water turbines and later expanded to include complete paper machines.

Foundation for Future Growth

These early ownership shifts and strategic alliances were instrumental. They set the stage for the company's evolution from a licensee to a global leader in high-tech production systems.

Early Ownership Details

Specific details regarding Josef Körösi's initial equity distribution or early angel investors are not widely documented. The company's early history is characterized by its operational growth and subsequent corporate restructuring.

The company's journey from its founding in 1852 by Josef Körösi as an iron foundry in Andritz, Austria, to its transformation into a stock corporation in 1900, marks a significant period of early development. The acquisition of a majority interest by Creditanstalt-Bankverein in 1950 represented a key ownership change, occurring alongside a vital cooperation with the Escher Wyss Group that began in 1949. This partnership, initially focused on water turbines and later encompassing paper machines, was foundational in shifting the company's trajectory towards becoming an independent, international supplier of advanced production systems, a strategic direction that began to solidify from 1987 onwards. Understanding this early Andritz ownership history is crucial for grasping its subsequent growth and market position.

Key Milestones in Early Andritz Ownership

The initial phase of the company's existence saw a transition from a sole proprietorship to a more formalized corporate structure. These early changes in Andritz company ownership laid the groundwork for its future expansion and international reach.

• Founding by Josef Körösi in 1852.
• Expansion into capital goods production.
• Transformation into 'Maschinenfabrik Andritz Actiengesellschaft' in 1900.
• Majority acquisition by Creditanstalt-Bankverein in 1950.
• Strategic cooperation with Escher Wyss Group initiated in 1949.
• The company's early history reflects a dynamic period of ownership changes and strategic partnerships, influencing its path towards becoming a global technology leader. This period is key to understanding Andritz company history ownership changes.

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The ownership journey of ANDRITZ AG has seen significant transformations, notably from the late 20th century onwards. A key development was AGIV AG's acquisition of a majority stake in 1987, setting the stage for its international expansion. The company's public debut on the Vienna Stock Exchange in 2001 marked a new era, facilitating capital growth and strategic acquisitions.

As of December 31, 2024, ANDRITZ AG exhibits a balanced shareholder distribution. Custos Privatstiftung and Wolfgang Leitner, a member of the Supervisory Board, collectively hold approximately 31.5% of the share capital, with 30.7% attributed to Custos Vermögensverwaltungs GmbH and 0.8% to Cerberus Vermögensverwaltung GmbH. The company itself retains about 6.2% as treasury shares. The remaining free float, representing roughly 62.3% of shares, is distributed among national and international institutional investors, predominantly from the UK and Ireland, Europe, and North America, alongside private shareholders. This diverse ownership base, with institutional investors accounting for around 48.2%, has been instrumental in supporting ANDRITZ's expansion through strategic investments and global reach, reflecting a transition from private to public ownership and a broad investor appeal.

ANDRITZ AG Shareholder Breakdown (as of Dec 31, 2024)

Understanding who owns ANDRITZ provides insight into its strategic direction and stability.

• Custos Privatstiftung & Wolfgang Leitner: 31.5%
• Custos Vermögensverwaltungs GmbH: 30.7%
• Cerberus Vermögensverwaltung GmbH: 0.8%
• Treasury Shares: 6.2%
• Free Float (Institutional & Private Investors): 62.3%
• Institutional Investors (UK/Ireland, Europe, North America): Approximately 48.2% of total shares

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As of December 31, 2024, ANDRITZ AG's Executive Board comprised five members. The company adheres strictly to the Austrian Corporate Governance Code, prioritizing transparency and responsible management for its shareholders. The Supervisory Board, responsible for overseeing the Executive Board, includes six shareholder representatives and three from the Works Council.

The voting structure for ANDRITZ AG's no-par value bearer shares generally follows a one-share-one-vote principle, with no stated limitations on voting rights or share transfers. This structure ensures that Andritz ownership is directly tied to shareholding. With the exception of Wolfgang Leitner, all Supervisory Board members elected by the Annual General Meeting are considered independent, meaning they do not hold a shareholding exceeding 10%.

Andritz AG's Governance and Shareholder Influence

ANDRITZ AG's governance framework is designed to ensure accountability and shareholder representation. The composition of its boards reflects a commitment to balanced oversight and strategic direction.

• The Executive Board consists of five members as of December 31, 2024.
• The Supervisory Board has a total of nine members, with six representing shareholders and three from the Works Council.
• A significant aspect of Andritz company board of directors ownership is the independence of most Supervisory Board members from major shareholdings.
• The company's commitment to the Austrian Corporate Governance Code underscores its focus on transparent operations and shareholder rights.
• Understanding Andritz stock ownership is key to grasping the dynamics of its corporate governance.

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In recent years, the ownership trends of ANDRITZ AG have been shaped by strategic acquisitions and active share management. The company has focused on strengthening its business areas through targeted purchases, while also adjusting its share capital. These movements reflect a dynamic approach to growth and shareholder value.

The company's financial performance in 2024 indicated resilience, with a strong order intake in Q4 and revenue reaching EUR 8.31 billion. The first half of 2025 saw a significant 22.9% increase in order intake to EUR 4.7 billion, primarily driven by Hydropower and Metals, although revenue experienced an 8.4% decrease to EUR 3.65 billion. The outlook for 2025 anticipates stable revenue and operational profitability, with a target revenue range of EUR 8.0 billion to EUR 8.3 billion.

Strategic Acquisitions Drive Growth

Recent acquisitions like LDX Solutions, Salico, and ATN Engineering in 2025, along with Pulpeye and Procemex in 2024, highlight the company's commitment to expanding its technological capabilities and market reach.

Shareholder Value Initiatives

The implementation of a share buyback program and the sale of treasury shares demonstrate active management of the company's share capital, aiming to enhance shareholder returns.

Leadership Evolution

Key leadership changes, including the appointment of a new CEO and planned executive board transitions, signal a strategic evolution in the company's management structure.

Financial Outlook and Performance

Despite market fluctuations, the company reported satisfactory financial results in 2024 and projects stable revenue and profitability for 2025, indicating a robust operational framework. Understanding the Target Market of Andritz is crucial to appreciating these financial trends.

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