One of the first great heroes of Austrian Alpine ski racing, Anderl Molterer was unfortunate to have raced in the shadow of his teammate, [Toni Sailer], one of the greatest ski racers of all-time. At Cortina in 1956, when Sailer won all three Alpine events, Molterer won a silver medal in giant slalom and a bronze in downhill. He competed again at the 1960 Winter Olympics and at the World Championships in 1954 and 1958, winning a slalom bronze medal at Åre in 1954. Molterer trained as a carpenter but was named to the Austrian National Team in 1950. His best season was 1952-53 when he won 19 different races, including the slalom and combined at the Arlberg-Kandahar race, and combined events at Wengen, Kitzbühel, and Zermatt. During his career he won nine different races at the Hahnenkamm. He was also a nine-time Austrian champion.
After the Squaw Valley Olympics Molterer settled in the United States, helping form the International Professional Ski Racing Associaton (IPSRA), and working as a ski instructor for celebrities and a model for ski equipment. In 1966 he helped found the Red Lodge International Summer Ski Racing Camp in Montana, and in 1970 opened Molterer Sports in Aspen, Colorado.