Landis+Gyr Group AG
SIX:LAND
Landis+Gyr Group AG
Landis+Gyr Group AG stands at the forefront of innovation in energy management solutions, spearheading its industry with an illustrious history that dates back over a century. Established in 1896, the Swiss company has evolved from a modest provider of electrical meters to a global powerhouse in integrated energy management. Today, Landis+Gyr offers a comprehensive suite of products and services, including advanced metering infrastructure, grid edge intelligence, and smart infrastructure solutions. Its business model thrives on enabling utilities to manage resources efficiently and sustainably by providing cutting-edge technology that monitors and optimizes energy usage through data-driven insights. By leveraging its extensive expertise, Landis+Gyr effectively addresses the modern energy challenges of its clients across the globe, supporting their transition towards more intelligent and sustainable operations.
The company’s revenue generation is rooted in its ability to create value through a combination of hardware, software, and services. By manufacturing and selling smart meters, Landis+Gyr provides utilities with the tools to gain precise consumption data, which leads to more accurate billing and better demand forecasting. However, the true brilliance of Landis+Gyr’s model lies in its strategic pivot towards recurring revenue streams, such as software solutions and managed services. These offerings enable utilities to integrate and analyze data seamlessly, yielding operational efficiency and grid reliability improvements, which are critical in the age of digital transformation. Through long-term service contracts and data-driven offerings, Landis+Gyr ensures a stable and sustainable financial pipeline while carving a niche as a trusted partner in energy management for utilities worldwide.
Landis+Gyr Group AG stands at the forefront of innovation in energy management solutions, spearheading its industry with an illustrious history that dates back over a century. Established in 1896, the Swiss company has evolved from a modest provider of electrical meters to a global powerhouse in integrated energy management. Today, Landis+Gyr offers a comprehensive suite of products and services, including advanced metering infrastructure, grid edge intelligence, and smart infrastructure solutions. Its business model thrives on enabling utilities to manage resources efficiently and sustainably by providing cutting-edge technology that monitors and optimizes energy usage through data-driven insights. By leveraging its extensive expertise, Landis+Gyr effectively addresses the modern energy challenges of its clients across the globe, supporting their transition towards more intelligent and sustainable operations.
The company’s revenue generation is rooted in its ability to create value through a combination of hardware, software, and services. By manufacturing and selling smart meters, Landis+Gyr provides utilities with the tools to gain precise consumption data, which leads to more accurate billing and better demand forecasting. However, the true brilliance of Landis+Gyr’s model lies in its strategic pivot towards recurring revenue streams, such as software solutions and managed services. These offerings enable utilities to integrate and analyze data seamlessly, yielding operational efficiency and grid reliability improvements, which are critical in the age of digital transformation. Through long-term service contracts and data-driven offerings, Landis+Gyr ensures a stable and sustainable financial pipeline while carving a niche as a trusted partner in energy management for utilities worldwide.
Revenue Guidance: Landis+Gyr reaffirmed its net revenue growth guidance of 5% to 8% for fiscal year 2025, expecting a strong second half driven by record backlog and commercial momentum.
Margin Upgrade: The company raised its adjusted EBITDA margin guidance to 13%–14.5% from the previous 10.5%–12%, reflecting a higher-margin, more focused Americas-based business.
EMEA Divestment: The divestment of the EMEA business was completed at a 13.4x EBITDA multiple, with proceeds to be returned to shareholders via a $175 million share buyback program starting immediately.
Record Backlog: Order backlog reached a record near $4 billion, up 30% over 12 months, with 43% recurring revenue from software and services.
Tariff Impact: Tariffs caused a temporary net cost of about $5 million in early H1, but are expected to have minimal impact going forward.
Order Intake: H1 order intake was $595 million, with a book-to-bill ratio of 1.1, driven by multiple smaller wins rather than one-off large contracts.
Balance Sheet: Net debt stands at $209.3 million, with leverage at 1.4x, providing flexibility for future growth.
APAC Weakness: Both Americas and APAC revenues declined YoY due to project timing, but operational efficiency and margin improvements were achieved QoQ.
