Accelleron Industries AG

Latest Results (04.04.2026):

Accelleron Industries AG — full‑year 2025 (FY 2025): The company reported strong topline and profit growth for FY 2025 with revenues of USD 1,263 million (+23.5% YoY; +21.6% cc), operational EBITA of USD 321 million (+22.6%) and an operational EBITA margin of 25.4% (down 0.2 ppt). Net income rose to USD 244 million (+35.8%), free cash‑flow conversion was 88%, and management proposed a CHF 1.50 per‑share dividend (up 20%) alongside a CHF 100 million, two‑year share buyback program.

Key financials

Revenues USD 1,263m; Op. EBITA USD 321m; Op. EBITA margin 25.4%; Net income USD 244m; YoY growth broadly driven by volume, pricing and energy (data‑center/backup) demand.

Profitability & cash flow

Net income up 35.8% with an effective tax rate of 19.5% (2024: 20.6%). Free cash flow improved to USD 214m (conversion ~88% of net income). Net capex increased (~50%) to support capacity expansion (noted investments in Swiss, Chinese and Italian sites).

Capital allocation

Proposed dividend CHF 1.50/share (subject to AGM). Launch of a CHF 100m share buyback program over two years. Capital allocation framework prioritizes organic investment (~5–7% of revenues p.a.), disciplined M&A and returning excess cash to shareholders.

Segment performance

Medium & Low Speed: Revenues USD 930m (+20.2% YoY), Op. EBITA USD 239m, margin ~25.8%. High Speed: Revenues USD 334m (+33.9% YoY), Op. EBITA USD 82m, margin ~24.5%. Growth driven by marine (new‑build and service) and energy (data‑center prime/backup and gas compression).

M&A, products & digital

Successful integration of True North Marine; >22,000 turbochargers produced in 2025. Digital offering (LOREKA 360°, OptiNav AI, Tekomar XPERT, OptiHull) expanded—OptiNav AI COFCO trial reported ~3.5% fuel savings (327 t fuel saved; ~1,030 t CO₂ avoided across trial).

One‑offs and tax/finance items

Acquisition‑related amortization ~USD 5.8m; non‑operational/one‑off costs ~USD 7.7m (including M&A costs ~USD 4.5m). Interest and pension items partly offset; finance/FX effects noted. Overall bridge from op. EBITA to net income disclosed in the report.

Outlook & market context

Management says 2026 outlook only marginally affected by IMO Net Zero Framework postponement; marine fundamentals remain solid (tight shipyard capacity, retrofit demand) while energy markets (backup/prime power) are an additional growth driver. Company plans continued capacity investment and selective M&A.