Andritz Bundle
Who Owns ANDRITZ AG?
Understanding ANDRITZ AG's ownership is key to its strategy and stability. Its 2001 IPO on the Vienna Stock Exchange was a major step, fueling global growth through acquisitions.
Founded in 1852, ANDRITZ AG began as an iron foundry in Graz, Austria. Today, it's a global leader in sectors like hydropower and pulp & paper, with operations in over 40 countries.
As of March 31, 2025, ANDRITZ AG had a market capitalization of $7.28 billion, with 97.6 million shares outstanding. The company's ownership structure has evolved significantly since its founding, particularly after its public listing.
The ownership of ANDRITZ AG is primarily distributed among public shareholders following its 2001 IPO. This public listing allowed for broad participation from individual and institutional investors. The company's strategic decisions and future direction are influenced by this diverse shareholder base, as well as the composition of its Board of Directors. Examining the Andritz PESTEL Analysis can provide further context on the external factors influencing the company's operations and ownership dynamics.
Who Founded Andritz?
The origins of Andritz ownership trace back to 1852 when Josef Körösi, a Hungarian ironmonger, founded a small iron foundry in Andritz, Austria. While specific initial ownership details are scarce due to the historical period, Körösi's entrepreneurial spirit established the company's foundation. The business quickly expanded its production to include significant capital goods like water turbines and pumps.
| Year | Ownership Event | Key Stakeholder/Structure |
| 1852 | Founding | Josef Körösi (Sole Proprietor) |
| By 1900 | Transition to Stock Corporation | Integrated into the Gutmann group |
| 1950 | Majority Interest Acquired | Creditanstalt-Bankverein (Austrian Bank) |
Founder's Vision
Josef Körösi's initial venture focused on iron casting, but he soon diversified into capital goods. This early expansion demonstrated a forward-thinking approach to industrial production.
Corporate Restructuring
By the turn of the 20th century, the company evolved into a stock corporation named 'Maschinenfabrik Andritz Actiengesellschaft'. This marked a significant shift in its corporate structure.
Banking Sector Influence
In 1950, Creditanstalt-Bankverein, a prominent Austrian bank, took a majority stake. This acquisition represented a key moment in the company's ownership history.
Early Ownership Changes
The company experienced eight ownership changes within its first century. This indicates a dynamic period of growth and potential investment opportunities.
Foundation of Andritz AG
The early stages of Andritz AG were shaped by its founder's industrial ambitions and subsequent integration into larger corporate groups. This laid the groundwork for its future development.
Transition to Public Entity
The transformation into a stock corporation by 1900 was a crucial step towards a more formalized ownership structure. This paved the way for broader investment possibilities.
The initial ownership of the company was solely with its founder, Josef Körösi, who established the business in 1852. By 1900, the company had transitioned into a stock corporation, 'Maschinenfabrik Andritz Actiengesellschaft', and became part of the Gutmann group. A significant shift in Andritz ownership occurred in 1950 when Creditanstalt-Bankverein acquired a majority interest, marking a pivotal moment in its early financial history and demonstrating external confidence in its potential. Understanding the Revenue Streams & Business Model of Andritz provides further context to these ownership developments.
Key Milestones in Early Ownership
The early history of Andritz AG is characterized by foundational entrepreneurship and significant corporate restructuring. These events shaped the company's trajectory and its approach to ownership.
- Founding by Josef Körösi in 1852.
- Expansion into capital goods production.
- Transition to a stock corporation by 1900.
- Integration into the Gutmann group.
- Acquisition of majority interest by Creditanstalt-Bankverein in 1950.
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How Has Andritz’s Ownership Changed Over Time?
The ownership journey of ANDRITZ AG saw a significant shift with its Initial Public Offering (IPO) on the Vienna Stock Exchange on June 25, 2001. This event marked the company's transition to a publicly traded entity, with the successful sale of two million new shares to a diverse range of national and international investors, thereby expanding its shareholder base considerably.
| Shareholder Group | Approximate Ownership (as of July 16, 2025) | Approximate Ownership (as of December 31, 2024) |
|---|---|---|
| Custos Privatstiftung (direct & indirect) & Wolfgang Leitner | ~31.5% | ~31.5% |
| Custos Vermögensverwaltungs GmbH | N/A | 30.72% |
| Cerberus Vermögensverwaltung GmbH | N/A | 0.77% |
| ANDRITZ AG (Treasury Shares) | >5% | >5% |
| Free Float (Institutional & Private Investors) | 62.3% | 62.3% |
As of July 16, 2025, the ownership landscape of ANDRITZ AG reflects a broad distribution, with retail investors holding the largest portion at 35%, followed closely by institutional investors at 33%. Custos Privatstiftung, in conjunction with Wolfgang Leitner, maintains a significant stake of approximately 31.5%. The company also holds over 5% of its shares as treasury stock. The remaining 62.3% represents the free float, comprising shares held by various national and international institutional investors and private shareholders. Key institutional stakeholders include The Vanguard Group, Inc., BlackRock, Inc., Lombard Odier Asset Management (Europe) Ltd., Boston Partners Global Investors, Inc., and Goldman Sachs Asset Management, L.P. This dispersed ownership, where the top 11 shareholders collectively own 51%, indicates a balanced influence on the company's strategic direction and governance.
Key Stakeholders in ANDRITZ AG
Understanding who owns ANDRITZ is crucial for grasping its corporate structure. The company's ownership has evolved significantly since its public listing.
- Retail investors are the largest shareholder group as of July 2025.
- Institutional investors represent a substantial portion of Andritz stock ownership.
- Custos Privatstiftung and Wolfgang Leitner collectively hold a significant stake.
- No single entity possesses outright control over the company.
- The free float allows for broad market participation in Andritz ownership.
The distribution of shares in ANDRITZ AG, as of July 16, 2025, shows a notable presence of retail investors, who collectively own 35% of the company's stock. Institutional investors follow with a 33% stake, highlighting their significant role in the Andritz AG shareholders structure. Custos Privatstiftung, along with Wolfgang Leitner, maintains a substantial holding of approximately 31.5%. The company itself holds treasury shares exceeding 5% of its capital. This diversified ownership pattern, where the top 11 shareholders collectively own 51%, suggests a balanced distribution of influence and a lack of concentrated control, which can impact strategic decisions and overall corporate governance. This broad ownership base is typical for a publicly traded company and allows for diverse perspectives in shaping its future. For a deeper understanding of its market position, exploring the Competitors Landscape of Andritz can provide valuable context.
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Who Sits on Andritz’s Board?
The Board of Directors, also known as the Supervisory Board at ANDRITZ AG, is instrumental in guiding the company's strategic direction and overseeing its management. As of March 2025, Wolfgang Leitner chairs this board, also holding a significant ownership stake through Custos Privatstiftung. Elisabeth Stadler serves as the Deputy Chairwoman, elected in 2024. The board comprises six shareholder representatives and three from the Works Council, with a notable increase in female representation to 33% in 2024, and a proposal to reach 50% on the capital side at the 2025 Annual General Meeting.
| Board Member | Role | Affiliation/Notes |
|---|---|---|
| Wolfgang Leitner | Chairman | Significant shareholder via Custos Privatstiftung |
| Elisabeth Stadler | Deputy Chairwoman | Elected 2024 |
| Alexander Isola | Member | |
| Wolfgang Bernhard | Member | |
| Regina Prehofer | Member | Chairs the Audit Committee |
| Barbara Steger | Member |
ANDRITZ operates under a standard one-share-one-vote principle, as evidenced by its listing on the Vienna Stock Exchange with no-par value bearer shares. While Custos Privatstiftung, co-founded by Wolfgang Leitner, maintains a substantial holding, no single entity or individual wields disproportionate influence through special voting rights or dual-class share structures. The company's free float is distributed among a mix of institutional and retail investors, with the top 11 shareholders collectively owning 51% of the company. This distribution indicates that major corporate decisions typically require a broader consensus among key stakeholders rather than being dictated by a single dominant party. The company's commitment to transparent and responsible corporate governance is further underscored by its adherence to the Austrian Corporate Governance Code. Understanding the Marketing Strategy of Andritz can provide further insight into how the company engages with its diverse shareholder base.
Key Aspects of ANDRITZ's Ownership and Governance
ANDRITZ AG's corporate structure emphasizes a balanced approach to ownership and control, ensuring broad stakeholder representation.
- One-share-one-vote principle ensures equal voting rights for all shareholders.
- Custos Privatstiftung, linked to Wolfgang Leitner, is a significant but not controlling shareholder.
- The top 11 shareholders hold 51% of the company's shares, indicating a moderately concentrated ownership.
- Adherence to the Austrian Corporate Governance Code promotes transparency and accountability.
- Efforts are being made to increase female representation on the Supervisory Board.
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What Recent Changes Have Shaped Andritz’s Ownership Landscape?
Over the last few years, ANDRITZ AG has experienced significant leadership changes that shape its strategic direction, influencing investor sentiment and the company's overall trajectory. These transitions, while not direct ownership shifts, are crucial for understanding the company's evolving corporate structure and its approach to market challenges.
| Leadership Role | Name | Effective Date |
|---|---|---|
| President and CEO | Joachim Schönbeck | April 2022 |
| Responsibility for Pulp & Paper Business Area | Jarno Nymark | October 2023 |
| Chief Financial Officer (CFO) | Vanessa Hellwing | March 2025 |
Financially, ANDRITZ demonstrated resilience in 2024, reporting an order intake of EUR 8.28 billion and revenue of EUR 8.31 billion, a slight decrease from the previous year's record. The company's strategic emphasis on its Service business has yielded consistent growth, reaching 41% of total revenue in 2024, up from 38% in 2023, which has positively impacted profitability. The first quarter of 2025 saw a robust order intake increase of nearly 20% compared to the same period in 2024, primarily fueled by substantial projects in renewables and pulp. However, revenue saw a 6.6% decline, and net income fell by 14% year-on-year. In February 2025, ANDRITZ bolstered its environmental technologies segment through the acquisition of LDX Solutions, further diversifying its portfolio.
Ownership Trends
Retail investors collectively hold the largest share of ANDRITZ stock, representing 35% as of July 2025. This indicates widespread public interest in the company's performance and future prospects.
Foundational Stability
Despite the natural progression of founder dilution over two decades of public trading, Custos Privatstiftung and Wolfgang Leitner continue to hold significant stakes. This underscores a foundational stability in the company's major shareholding structure.
2025 Outlook
The company anticipates a broadly stable development in revenue and operational profitability for 2025. Revenue is projected to be between EUR 8.0 billion and EUR 8.3 billion, supported by a strong backlog and growth in services and green technologies.
Strategic Acquisitions
The acquisition of LDX Solutions in February 2025 highlights ANDRITZ's commitment to expanding its environmental technologies portfolio. This move aligns with industry trends favoring sustainable solutions and enhances the company's market position.
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