Landis+Gyr Group AG ( (CH:LAND) ) just unveiled an update.
Landis+Gyr reported strong fiscal year 2024 results with a record order intake of USD 2.6 billion and an order backlog of USD 4.6 billion, despite a decline in net sales due to one-time sales in 2023 and delivery delays. The company is undergoing a strategic transformation, including a review of its EMEA operations and a US listing, and expects sales growth of 5% to 8% in fiscal year 2025, supported by its robust order pipeline and Grid-Edge solutions.
More about Landis+Gyr Group AG
Landis+Gyr Group AG is a global leader in integrated energy management solutions, focusing on providing advanced Grid-Edge technology to address increasing energy demand. The company operates across various regions, including the Americas, EMEA, and Asia Pacific, and has recently exited the EV charging station business to focus on its core offerings.
YTD Price Performance: 1.02%
Average Trading Volume: 546
Technical Sentiment Signal: Hold
Current Market Cap: $1.84B
See more data about LAND stock on TipRanks’ Stock Analysis page.