Klingelnberg Ltd

Latest Results (26.12.2025):

Klingelnberg Ltd — Q4 2023/24 (financial year ended 31 March 2024): The KLINGELNBERG Group reported a resilient FY 2023/24 with a new all‑time high in order intake, a modest decline in sales, improved operating profit and stronger cash generation. Order intake reached EUR 311.4m, net sales were EUR 303.5m (‑1.8% y/y), EBIT rose to EUR 25.1m (8.3% margin), and net profit was EUR 17.2m. Management proposed raising the dividend to CHF 0.50 per share and expects slight sales growth and an EBIT margin above 8.0% in 2024/25.

Key figures

Order intake: EUR 311.4m (+3.7%, record); Net sales: EUR 303.5m (‑1.8%); Order backlog: EUR 267.5m (+~3.0%); EBIT: EUR 25.1m (+EUR 1.3m); Net profit: EUR 17.2m (down from EUR 20.8m); Basic EPS: EUR 1.95.

Profitability

EBIT margin improved to 8.3% (from 7.7%), driven by margin maintenance and cost management despite inflationary pressures; however net profit fell year‑on‑year, reflecting non‑operating items or tax/financial effects.

Cash flow & balance sheet

Cash flow from operations strengthened to EUR 23.5m (vs EUR 15.7m prior), free cash flow turned positive at EUR 16.2m (vs ‑1.9m), investments moderated to EUR 8.3m, net debt reduced to EUR 27.3m and equity ratio rose to 47.5%.

Orders, backlog & operational drivers

Record order intake and a healthy backlog (~EUR 267.5m) reflect demand momentum; sales were slightly down primarily due to shipment delays outside management control. Growth was notable in wind‑energy and e‑mobility related business, with strong performance in Asia.

Regional mix & headcount

Geographic sales split: Asia 55.5%, EMEA 31.1% (strong Asia contribution); workforce increased to 1,313 FTE (+84 y/y), supporting international expansion and service footprint.

Shareholder returns & outlook

Board proposes dividend increase to CHF 0.50/share (+25%). Management guidance for 2024/25: slight sales increase and an EBIT margin expected to remain above 8.0% despite macro uncertainties.