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Kendrion (KENDR) investor relations material
Kendrion Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed transformation into a pure-play industrial motion technology company by divesting automotive and China operations, focusing on high-growth, high-margin industrial markets.
Achieved long-term financial targets ahead of schedule, including a 15.5% EBITDA margin and 24.6% ROIC, with strong Q4 momentum and a record-high new revenue pipeline.
Returned capital to shareholders via a special dividend and share buyback program.
Robust cash generation enabled significant debt reduction and supported future growth.
Financial highlights
Q4 2025 revenue increased 8% year-over-year to €61.5 million; full-year revenue declined 1% to €245.5 million due to H1 industrial market weakness.
Q4 normalized EBITDA surged 73% to €9.7 million (15.8% margin); full-year normalized EBITDA up 15% to €38.1 million (15.5% margin).
Normalized free cash flow reached €25.6 million, enabling net debt reduction to €30.3 million from €103.4 million.
Paid a €1 per share special dividend and launched a €10 million share buyback program.
Added value margin improved by 250 basis points year-over-year to 58.1% in Q4.
Outlook and guidance
Expects continued positive momentum in 2026, supported by strong demand in robotics, automation, safety, medical, and energy sectors, with AI as an accelerator.
2027 financial targets: EBITDA margin 15–18%, ROIC 23–27%, and annual revenue growth of 5–8%.
Dividend payout policy of at least 50% of normalized net profit; proposed 2025 dividend is €0.70 per share.
Positive momentum in order book and customer pipeline, with secular growth trends in key markets.
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