#share buyback #Switzerland #energy technology #Landis+Gyr #Cham

Landis+Gyr Q1 FY 2026 Trading Update

On July 28, 2026, Landis+Gyr Group AG, a prominent player in energy technology focusing on intelligent innovations for the grid, shared its trading update for the first quarter of FY 2026, which ran from April 1 to June 30, 2026. This announcement marked the first presentation of financial results according to a new reporting segmentation introduced recently by the company, adjusting comparative figures to align with this new structure.

Financial Highlights

In the trading update, financiers observed noteworthy figures:

• - Order Intake: $167.0 million, a decrease of 2.7% from $171.7 million in Q1 FY 2025.
• - Net Revenue: $232.3 million, reflecting a decrease of 6.8% compared to $249.1 million during the same period last year.
• - Adjusted Gross Profit Margin: Improved to 37.4%, up 280 basis points from 34.6% a previous year.
• - Adjusted Gross Profit: Steadily increased to $87.0 million from $86.2 million, an uptick of 1.0%.

Peter Mainz, the Chief Executive Officer, remarked that the company’s performance met expectations with robust pipeline activity, despite the net revenue decline attributed to timing in deployment expectations. He emphasized the positive strides in profitability, aligning with their new segment framework.

Strategic Developments

An exciting aspect of this update is Landis+Gyr's decision to accelerate its share buyback program following the successful completion of the EMEA transaction. The company aims to implement a fixed-price offer as a means of adding value for its shareholders. Alongside this move, the management is also preparing for a U.S. listing, while firmly maintaining its commitments in Switzerland. They reiterated guidance for FY 2026, showcasing confidence in their operational strategies.

About Landis+Gyr

For those unfamiliar, Landis+Gyr is a global leader in energy technology, recognized for its dedication to connecting devices, data, and decision-making across power grids. Serving over 2,000 utilities worldwide, the company transforms traditional equipment into intelligent, interconnected sensors, providing utilities with essential real-time insights into grid functionality. This not only aids in anticipating demand but also enhances operational efficiency, leading to energy solutions that are more reliable, sustainable, and accessible.

To stay updated with Landis+Gyr's journey, or delve deeper into their services, visit www.landisgyr.com.