Accelleron Industries AG

Latest Results (20.11.2025):

Accelleron Industries AG — Q2 2025 (covering the first half / H1 2025): The company reported strong half‑year results with revenues of USD 608.0 million (up 20.3% YoY; 18.5% organic), robust operational EBITA of USD 154.9 million (up 20.8%) and an operational EBITA margin of 25.5%. Net income rose to USD 114.7 million (+29.5%). Free cash flow and operating cash generation improved materially, while management reaffirmed revenue guidance but trimmed the EBITA margin corridor because of new tariff headwinds.

Revenues and growth

Revenues: USD 608.0m, +20.3% YoY (18.5% organic). Growth was driven by market‑share gains in turbochargers and strong demand in marine retrofit services and data‑center / prime‑power applications.

Profitability

Operational EBITA: USD 154.9m (+20.8%); operational EBITA margin: 25.5% (up 0.1 ppt). Net income: USD 114.7m (+29.5%). Segment margins: High Speed margin ~25.9% (slight -0.1 ppt) and Medium & Low Speed margin ~25.3% (-0.1 ppt reported for one segment, +0.1 ppt for the other).

Cash flow and balance sheet

Net cash provided by operating activities: USD 105.9m (vs USD 42.5m prior). Free cash flow: USD 80.6m (vs USD 30.5m). Free cash flow conversion improved to 70.3% (HY 2024: 34.4%). Net leverage stood at 0.8x.

Segment performance

High Speed: revenues up USD 29.5m (+24.6%, 24.9% organic) to USD 149.2m. Medium & Low Speed: revenues up USD 73.0m (+18.9%, 16.6% organic) to USD 458.8m. Marine business and data‑center turbochargers (TPX44) were notable contributors.

Investments and operations

Planned investments: ~USD 80m targeted for Turin and Brescia sites through 2029 to expand capacity. OMT pursuing second‑generation product development and expanded OMT factory capacity to meet demand.

Guidance and outlook

Management reaffirmed July revenue guidance: constant‑currency growth of 16–19% for 2025. Operational EBITA margin guidance was lowered by 1 percentage point to a new corridor of 24–25%, citing the new 39% US tariff on Swiss goods and related short‑term uncertainty.

Risks and market drivers

Company highlights resilient marine and recovering energy markets and sustained demand for fuel injection and gas‑compression solutions, but flagged geopolitical uncertainty and the US tariff as near‑term headwinds that may affect US business and margins.