Andritz AG (OTCPK:ADRZF) Q2 2024 Results Conference Call July 25, 2024 2:30 AM ET
Company Participants
Matthias Pfeifenberger - Head of Investor Relations
Joachim Schönbeck - President and Chief Executive Officer
Norbert Nettesheim - Chief Financial Officer
Conference Call Participants
Sven Weier - UBS
Akash Gupta - JPMorgan
Peter Rothenaicher - Baader Bank AG
Daniel Lion - Erste Group
Lars Vom-Cleff - Deutsche Bank
Matthias Pfeifenberger
Good morning. A warm welcome to the Capital Markets from Andritz. I'm here with our CEO, Dr. Schönbeck; and our CFO, Mr. Nettesheim.
Let me quickly run you through the agenda for today. We'll start with the overview of the financial performance by Dr. Schönbeck, then switch to the financials, and then finish up with an overview on the segments and the outlook followed by the Q&A. For the Q&A, I would like to ask you to register with your full name, so you can ask questions.
And now I'd like to hand over to Dr. Schönbeck for his opening remarks.
Joachim Schönbeck
Good morning, ladies and gentlemen. Thank you very much for attending our webcast for our half year's results and your interest in our company. I would say the message we want to deliver today is basically that we have a stable development despite a quite challenging economic environment. We can confirm the guidance for 2024, but let's go to the details. On the -- if you look at the numbers, the order intake dropped in half -- in the first half year compared to the last year.
However, we cannot say that we are unhappy with the order intake that we could collect, looking where the markets have been in the first half year and what the general trend in the economy was.
We had continuing absence of large capital investments, both