Landi Renzo (LNDR) Q1 2025 earnings summary

Executive summary

• Preliminary consolidated revenues for Q1 2025 reached €65.0 million, with €45.8 million from Green Transportation and €19.2 million from Clean Tech Solutions.

• Adjusted EBITDA was €0 million, split between -€0.2 million for Green Transportation and +€0.2 million for Clean Tech Solutions.

• Net financial position as of March 31, 2025, stood at €105.3 million; adjusted net financial position was €92.6 million.

Financial highlights

• Group net financial position increased to €105.3 million from €94.5 million at year-end 2024.

• Cash and cash equivalents decreased to €25.4 million from €43.1 million at December 31, 2024.

• Overdue commercial debt to third parties totaled €8.7 million, with €2.9 million overdue by 0-60 days.

• Provisions for risks on equity investments amounted to €16.5 million for losses in subsidiaries.

Outlook and guidance

• The 2025 budget and 2024-2028 business plan are being updated; final figures and guidance will be provided after board approval.

• The Group operates in a complex macroeconomic and geopolitical environment, impacting planning.