Latest news with #PeterMainz
Cision Canada
02-05-2025
- Business
- Cision Canada
Landis+Gyr Announces FY 2024 Financial Results
, May 2, 2025 /CNW/ -- Landis+Gyr Group AG (SIX: LAND), a leading global provider of integrated energy management solutions, today announced unaudited financial results for financial year 2024 (April 1, 2024 – March 31, 2025). Exceptional order intake of USD 2.6 billion (up 33.3% YoY) driven by contract wins in all regions, corresponding to a book-to-bill ratio of 1.5 Record committed backlog of USD 4.6 billion (up 22.9% YoY) FY 2024 net revenue of USD 1,729.3 million (down 10.5% in constant currency) due to non-recurrence of 2023 pent-up demand realization, tariffs impacting timing of shipments in March and softness in EMEA in the first half Adjusted EBITDA of USD 170.9 million, down 25.7% YoY, due to lower operating leverage and inventory write-off of USD 20 million; strong expense management resulted in a margin of 9.9%; Adjusted EBITDA margin of 10.4% when excluding one-off effects Net loss from continuing operations of USD (84.7) million or USD (2.97) per share (diluted) due to a non-cash goodwill impairment of USD 111.0 million Cash flow from operating activities of USD 78.9 million, down 34.9% on lower profitability and higher working capital To preserve balance sheet strength, a reduced distribution of CHF 1.15 per share is proposed to the Annual General Meeting Guidance for FY 2025 with net revenue growth of between 5% and 8% and Adjusted EBITDA margin in the range between 10.5% and 12.0% Strategic transformation with review of EMEA and U.S. listing progressing according to plan "Financial year 2024 has underscored the strength and resilience of Landis+Gyr's business model and technology, demonstrated by our record order intake of USD 2.6 billion and an unprecedented backlog of USD 4.6 billion. This success was driven by our team delivering key wins in the Americas and Asia Pacific, alongside a notably solid performance in EMEA. We remain confident in our long-term growth trajectory supported by the record-high backlog and pipeline, both propelled by the adoption of our innovative grid-edge solutions. With the new management team fully in place, we are continuing to make progress with our strategic transformation, marked by our completed exit from EV charging. We are encouraged to see customers beyond North America embracing grid edge technology to address the challenge of increasing energy demand," said Peter Mainz, Chief Executive Officer of Landis+Gyr. Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: "FY 2024 was a transition year for Landis+Gyr. We are excited about our future and expect 5% to 8% growth in revenue and an improvement in our margins in FY 2025. We are confident in our ability to manage tariff-related costs and at present expect them to have a minimal impact in 2025. Our solid balance sheet positions Landis+Gyr robustly for sustained investment and long-term profitable growth." Read the full ad hoc announcement here. Media Contact Fabio Franceschi Phone +41 41 935 6123 [email protected] Investor Contact Christian Waelti Phone +41 41 935 6331 [email protected] About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided 9 million tons of CO 2 in FY 2024, Landis+Gyr manages energy better – since 1896. With sales of USD 1.7 billion in FY 2024, Landis+Gyr employs around 6,300 talented people across five continents. For more information, please visit our website
Yahoo
25-03-2025
- Business
- Yahoo
SPAN and Landis+Gyr, Leaders in the Energy Management Sector, Announce Expanded Partnership to Provide Electric Utilities with SPAN® Edge Intelligent Service Point™
Landis+Gyr, a leading global provider of integrated energy management solutions for over 3,500 utilities across the globe, is now offering SPAN Edge to its utility customers to unlock electrification at the grid edge. SAN FRANCISCO, March 25, 2025--(BUSINESS WIRE)--Today, SPAN and Landis+Gyr (SIX: LAND) announced their strategic partnership to commercialize the category-defining SPAN Edge product, an "at-the-meter" solution for utilities. SPAN Edge, together with Landis+Gyr AMI solutions, reimagines the grid-edge as an Intelligent Service Point that can transform homes into predictable, shapable distribution assets. SPAN Edge enables homeowners to add EV chargers, heat pumps, batteries, and more, while providing utilities with unprecedented orchestration at the grid-edge. It unlocks reliable, flexible load shaping benefits beyond traditional virtual power plants (VPPs) and non-wires alternatives (NWAs). SPAN Edge is the newest offering in the company's product line expansion, and the first purpose-built for utility needs. With components that are designed to be installed by a technician in less than 15 minutes, this product is a faster and lower cost solution to address load growth and distribution network challenges while delivering a superior end-customer experience. With 129 years of experience, Landis+Gyr is the go-to provider of grid optimization to utilities nationwide. Recognizing the utility customer's dynamic role in an electrified and modernized world, Landis+Gyr is committed to helping utilities decarbonize the grid while simultaneously meeting growing energy demand. "As a utility industry leader and innovator in grid management, Landis+Gyr is a valued partner to SPAN," said Arch Rao, founder and Chief Executive Officer of SPAN. "With their extensive footprint of AMI devices, Landis+Gyr is uniquely positioned to bring SPAN Edge to market and we are excited to jointly enable an electric future that is clean, affordable, and reliable. Our partnership is a win across the board – not only for our two companies, but also for utilities and their customers nationwide." Peter Mainz, Chief Executive Officer of Landis+Gyr, highlighted the significance of this important milestone: "Landis+Gyr is committed to innovation, and our expanded partnership with SPAN unlocks groundbreaking grid edge capabilities, transforming how utilities manage energy distribution. By integrating SPAN Edge with our industry-leading Revelo® grid sensor—featuring advanced grid edge intelligence—and the edge-to-enterprise capabilities of Landis+Gyr DERMS, Powered by OATI, we are enabling a smarter, more resilient grid that seamlessly adapts to growing electrification demands, delivering lasting benefits to utilities and their customers." Learn more about the new SPAN Edge product at and to see our partnership in action, visit Landis+Gyr and SPAN in Booth 2708 at the DISTRIBUTECH conference in Dallas, TX from March 25-27, 2025. About SPAN SPAN's mission is to enable electrification for all and provide energy management for every home. SPAN designs products that remove barriers to electrification, providing a holistic approach to managing increasing demands on household energy. Powering your home with clean energy should be a simple and delightful experience that is technology-forward and human-centered. For more information, go to About Landis+Gyr Landis+Gyr is a leading global provider of integrated energy management solutions. We measure and analyze energy utilization to generate empowering analytics for smart grid and infrastructure management, enabling utilities and consumers to reduce energy consumption. Our innovative and proven portfolio of software, services and intelligent sensor technology is a key driver to decarbonize the grid. Having avoided around 9 million tons of CO2 in FY 2023, Landis+Gyr manages energy better – since 1896. With sales of USD 2.0 billion in FY 2023, Landis+Gyr employs around 6,900 talented people across five continents. For more information, please visit our website View source version on Contacts Jess Leader press@ Dan Jacobson | Regional Contact North America Senior Marketing Communications +1 320-307-7486 Sign in to access your portfolio
