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Medmix
Medmix (MEDX) investor relations material
Medmix H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary26 Feb, 2026
Executive summary
Gross profit and adjusted EBITDA margin exceeded guidance despite a 4.8% organic and 7.4% reported revenue decline, with gross profit up 1.4% to CHF 161.9 million and gross margin at 36.1% (+310 bps).
Profitability improved with adjusted EBITDA margin rising to 20.0% (+90 bps YoY), driven by efficiency gains, higher Dental volume, and lower OPEX.
Growth and Efficiency program delivered CHF 22.6 million in savings over 2024/2025, with CHF 4.3 million already secured for 2026.
Strategic focus on healthcare, with Dental outpacing market growth and new product launches planned for 2026; industry business unit returned to growth.
Recognized by TIME Magazine as one of the world's best companies in sustainable growth for 2026.
Financial highlights
Revenue declined 7.4% on a reported basis to CHF 448 million, impacted by -2.6% FX effects and a 4.8% organic decline.
Adjusted EBITDA reached CHF 89.7 million (20% margin), above guidance; reported EBITDA CHF 78.3 million (+5.1%), margin 17.5%.
EBIT increased 76.7% to CHF 22.8 million (5.1% margin, +228/240 bps).
Operating net cash flow fell to CHF 40.3 million, mainly due to high 2024 comparables and flat net working capital in 2025.
Free cash flow was CHF 27.1 million, down 31.7% year-over-year.
Outlook and guidance
2026 guidance: flat to low single-digit organic revenue growth, adjusted EBITDA margin around 20%.
Midterm revenue CAGR above 4%, with adjusted EBITDA margin guidance raised to above 21%.
H2 2026 expected to be stronger, driven by new product launches; dual sourcing impact in drug delivery to subside by year-end.
Dividend policy updated: minimum 40% of EPS to be distributed, with higher payout possible based on performance and liquidity.
Drug Delivery: Future growth post dual sourcing
Beauty BU: Strategy for profitable growth
Mid-term EBITDA margin increase: Key drivers
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Next Medmix earnings date
H1 202622 Jul, 2026
Medmix
Next Medmix earnings date
H1 202622 Jul, 2026
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Frequently asked questions
Medmix AG is a Swiss company specializing in high-precision delivery devices for a variety of sectors, including healthcare, consumer, and industrial applications. The company designs and manufactures mixing, dosing, and application systems, with a product portfolio that includes medical injectors, dental applicators, and industrial mixing solutions. Medmix serves industries requiring precise application and delivery technologies, providing products that meet stringent performance and quality standards. The company is headquartered in Zug, Switzerland, and its shares are listed on the SIX Swiss Exchange.
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