Landis+Gyr Reports Strong Q4 Results and Annual Performance for 2025

Landis+Gyr Group AG (SIX: LAND), a prominent global provider of integrated energy management solutions, recently shared their unaudited financial results for the fourth quarter and the entire fiscal year of 2025, concluding on March 31, 2026. Key segments involved in these results include the Americas and Asia Pacific, while certain EMEA segments are listed as discontinued operations following a strategic decision to refocus the business.

Q4 2025 Financial Highlights

During the fourth quarter, Landis+Gyr experienced a remarkable business performance, with net revenue seeing a robust increase of 24.8%, culminating in USD 352.4 million. The adjusted gross margin stood at an impressive 36.7%, along with a healthy order intake of USD 346.3 million, resulting in a book-to-bill ratio of 1.0x.

Overall Performance for FY 2025

The fiscal year 2025 proved to be noteworthy for the company, with a very solid order intake amounting to USD 1.1 billion, leading to a book-to-bill ratio of 0.95x and a stable backlog of USD 3.9 billion. Net revenues for the year hit USD 1,166.2 million, reflecting a growth of 4.2%, primarily fueled by a 7.8% rise in the Americas region.

The adjusted EBITDA reached USD 167.5 million, marking a 10.9% increase and aligning with a margin of 14.4%, representing a 90 basis point improvement compared to the previous year. The net profit from continued operations was reported at USD 41.2 million, or USD 1.43 per share, while a net loss of USD 166.6 million included the impairment relating to the EMEA divestment.

Further, the operational cash flow amounted to USD 98.3 million, demonstrating a 24.6% rise, which subsequently lowered the net debt to adjusted EBITDA ratio to 0.9x. Notably, the return of capital to shareholders during FY 2025 reached approximately USD 70 million, with a proposed dividend of CHF 1.20 per share, marking a 4.3% increment.

Strategic Developments and Future Outlook

The completion of the EMEA business sale in April 2026 is seen as a significant strategic landmark for Landis+Gyr, further refining its global operations and focus. Looking ahead to FY 2026, the company anticipates net revenues in the range of USD 1,075 to 1,125 million, with an expected adjusted EBITDA margin fluctuating between 14.5% and 15.5%.

The company aims for a compound annual growth rate (CAGR) in the mid-single digits by 2028, with adjusted EBITDA projected to grow at approximately twice that rate. Peter Mainz, the CEO, emphasized the successful execution of both strategic transformation goals and operational targets throughout FY 2025, adding that the improved EBITDA margin now stands 450 basis points higher than in 2024. The continuous success of their Grid-Edge technology shows promising momentum reflected in solid order intake, making the foundation for sustainable value creation strong as they move into FY 2026.

CFO Davinder Athwal remarked on the results being indicative of the strict execution and ongoing progress in reinforcing organizational and cost structures. He also expressed an intention to increase shareholder returns, expecting the positive trends to persist, albeit potential quarterly fluctuations due to project transitions. The continuing growth trajectory, aided by adherence to a solid order backlog, sets up Landis+Gyr for a robust FY 2026 and beyond.

In conclusion, Landis+Gyr's performance in fiscal year 2025 has not only met its operational targets but also provided a platform for future growth through strategic realignment and an emphasis on cash flow generation. The company’s initiatives are already apparent, making it an influential player in integrated energy management solutions.

For additional details, you can explore further on Landis+Gyr’s website.