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Landis+Gyr Group (LAND) investor relations material
Landis+Gyr Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong commercial momentum in H1 FY 2025 with USD 595 million order intake, a book-to-bill ratio of 1.1, and a record USD 3,980 million backlog, supporting long-term growth and sector leadership.
Completed divestment agreement for EMEA business at USD 215 million (13.4x EBITDA), enabling a USD 175 million share buyback and a more focused Americas and APAC strategy.
Strategic transformation led to a higher-margin, lower-capital-intensity business profile, centered on Grid Edge intelligence and technology platforms, with a US listing targeted for H2 2026.
Sustainability leadership advanced, earning EcoVadis Platinum Medal and launching ESG roadmaps for FY 2025-2027.
Financial highlights
Net revenue for H1 FY 2025 was USD 535.9 million, down 16.2% year-over-year but up 10.9% sequentially from H2 FY24.
Adjusted EBITDA was USD 69.2 million (12.9% margin), down 37.8% year-over-year; adjusted gross profit margin was 33.9%.
Net income from continuing operations was USD 11.8 million; net loss attributable to shareholders was USD (189.4) million due to a USD (200.4) million loss from discontinued operations.
Net debt at period end was USD 209.3 million, with a net debt to Adjusted EBITDA ratio of 1.4x.
Cash flow from operating activities was USD 23.1 million; free cash flow (excluding M&A) was USD 10.2 million.
Outlook and guidance
FY 2025 net revenue growth expected at 5%-8%, with strong H2 top-line performance anticipated.
Adjusted EBITDA margin guidance raised to 13.0%-14.5% of revenue, up from 10.5%-12.0%, including USD 10-15 million in temporary dis-synergies.
Financial year expected to be back-end loaded due to strategic focus on Americas and APAC.
US listing targeted for H2 2026, with a transitional dual listing period.
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