Landis+Gyr Group AG ( (LGYRF) ) has released its Q4 earnings. Here is a breakdown of the information Landis+Gyr Group AG presented to its investors.
Landis+Gyr Group AG is a global leader in energy management solutions, specializing in smart grid and infrastructure management to help utilities and consumers reduce energy consumption. The company is known for its innovative software, services, and intelligent sensor technology, playing a significant role in the decarbonization of the energy grid.
In its financial year 2024, Landis+Gyr reported a mixed set of results, with a notable order intake of USD 2.6 billion, reflecting a 33.3% increase year-over-year. Despite this strong order performance, the company faced a decline in net revenue by 10.5% in constant currency, attributed to the non-recurrence of previous demand spikes and tariff-related shipment delays.
Key financial highlights include a record backlog of USD 4.6 billion, although the adjusted EBITDA fell by 25.7% to USD 170.9 million due to lower operating leverage and inventory write-offs. The company also reported a net loss of USD 84.7 million from continuing operations, primarily due to a USD 111 million goodwill impairment. Despite these challenges, the company maintained strong cash flow from operations at USD 78.9 million.
Looking ahead, Landis+Gyr is optimistic about its future, projecting a revenue growth of 5% to 8% for FY 2025 and an improved adjusted EBITDA margin between 10.5% and 12.0%. The company is focused on strategic transformations, including a review of its EMEA operations and plans for a U.S. listing, aiming to capitalize on its robust backlog and innovative solutions.
Overall, Landis+Gyr remains confident in its long-term growth strategy, supported by its strong backlog and commitment to sustainability, as it continues to navigate the evolving energy management landscape.