Shares of Andritz, the Austrian engineering group, fell over 10% after its 2026 guidance disappointed investors. The company's forecast indicates a 6% cut to expected adjusted EBITA, with revenue projections also falling short of analyst estimates. This negative outlook stems from challenges in the pulp & paper and metals markets, impacting investor confidence.

Andritz anticipates 2026 revenues between €8.0 billion and €8.3 billion, below J.P. Morgan's €8.6 billion estimate. The company's adjusted EBITA margin is projected at 8.7% to 9.1%. This reflects a softer outlook influenced by cyclical issues in key industry segments. The stock had previously performed well, driven by expectations of a new pulp mill order.

J.P. Morgan, which maintains an "overweight" rating on the stock, cited market uncertainties. The brokerage anticipates potential declines in auto capex and increased competition from China. They also pointed to risks, including volatile cash conversion and delays in large project awards. The analysts set a June 2027 price target of €82.30.