Landis+Gyr Group Ltd

LAND

Equity

ISIN CH0371153492 / Valor 37115349

SIX Swiss Exchange (2024-09-18)

CHF 75.40-0.79%

Landis+Gyr Group Ltd
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Landis+Gyr Group Ltd is a leading provider of advanced metering infrastructure (AMI) solutions, playing a crucial role in addressing global challenges such as climate change by developing state-of-the-art technologies that enable energy efficiency gains and the integration of renewable resources into the supply network. In addition to its focus on sustainability, the company adheres to global labor standards and guidelines to ensure equal employment opportunities without discrimination. Landis+Gyr's commitment to integrity is evident in its Company Code of Business Ethics and Conduct, which sets high standards for all employees, agents, contractors, and intermediaries. The company is currently working towards defining its environmental, social, and governance (ESG) targets to align with the United Nations Sustainable Development Goals.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

In the first half of 2023, Landis+Gyr Group Ltd reported a significant increase in net revenue, reaching USD 970.5 million, compared to USD 728.7 million in the same period of 2022. This growth reflects the company's strong market position and successful execution of its strategic initiatives.

EBITDA Improvement

Landis+Gyr Group Ltd's reported EBITDA for H1 2023 was USD 99.8 million, a notable improvement from USD 51.0 million in H1 2022. The adjusted EBITDA also saw a substantial increase, reaching USD 108.1 million, up from USD 47.8 million in the previous year.

Net Income

For the first half of 2023, Landis+Gyr Group Ltd achieved a net income of USD 41.2 million, a decrease from the USD 186.5 million reported in H1 2022. Despite the decline, the company maintained a positive earnings trajectory, demonstrating resilience in a challenging economic environment.

Free Cash Flow

Landis+Gyr Group Ltd reported a free cash flow (excluding M&A) of USD 5.1 million for H1 2023, a significant improvement from the negative USD 38.9 million recorded in H1 2022. This positive cash flow indicates better operational efficiency and financial management.

Dividend Announcement

In line with its commitment to returning value to shareholders, Landis+Gyr Group Ltd declared a dividend of CHF 2.25 per share for FY 2023, up from CHF 2.20 per share in FY 2022. This increase reflects the company's confidence in its financial stability and future growth prospects.

Summarized from source with an LLMView Source

Key figures

19.2%1Y

18.8%3Y

-17.5%5Y

Performance

25.5%1Y

26.7%3Y

31.9%5Y

Volatility