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LEM (LEHN) investor relations material
LEM Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2026/27 sales rose 17.7% to CHF 174.557m, while orders received increased 34.4% to CHF 201.7m; book-to-bill was 1.16.
EBIT increased 126.3% to CHF 25.724m, net profit rose 182.9% to CHF 19.216m, and free cash flow reached CHF 19.9m.
Q2 sales increased 23% YoY to CHF 89m; EBIT rose 85% and net profit more than doubled.
Financial highlights
H1 gross profit rose to CHF 70.488m from CHF 58.751m; gross margin improved 80 bps to 40.4%.
Free cash flow increased to CHF 19.9m from CHF 5.6m, supported by stronger cash conversion and disciplined working-capital and capex management.
Q2 sales were CHF 89m, EBIT CHF 13m and net profit CHF 10m, versus CHF 4.8m a year earlier.
Outlook and guidance
FY 2026/27 sales guidance is CHF 310m–330m, with EBIT margin expected in the low-to-mid teens; H2 is expected to be weaker than H1 amid seasonality and supply constraints.
Medium-term ambitions remain 4%–7% annual sales growth at constant exchange rates and a 10%–15% EBIT margin.
H1 R&D spend was 7.2% of sales; next year’s R&D intensity is not expected to move materially from that level.
- Flat reported sales masked 7.2% constant-currency growth as margins declined and bookings normalized.LEHN
H2 2024 - Strong sales and margin expansion fueled by data center demand, with robust outlook maintained.LEHN
Q1 2027 - Profitability improved on stable sales and strong Automation growth; dividend suspended.LEHN
Q4 2026 - Stable sales and improved margins amid currency headwinds; FY guidance raised.LEHN
Q3 2026 - Sales fell 5.3%, but margin recovery and cost discipline improved outlook amid FX headwinds.LEHN
Q2 2026 - Sales fell, but bookings and Automotive growth offset margin and profit declines amid market uncertainty.LEHN
Q1 2026 - Sales fell 29.9% with EBIT margin at 9.1% as weak demand hit all regions and segments.LEHN
Q2 2025 - Sales and profit plunged, but order growth and China stabilization hint at a second-half recovery.LEHN
Q1 2025 - Sales fell 24.4% as only China and Automotive showed recovery; major cost cuts and no dividend.LEHN
H2 2025
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