Implenia AG/Fr. IMPN
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Implenia AG
Implenia AG is a construction and real estate services company headquartered in Dietlikon, Switzerland. The company operates primarily in the construction and infrastructure sectors, providing services that include civil engineering, structural construction, and road building. Implenia is involved in the development, planning, and execution of complex construction projects and offers integrated solutions across the entire value chain. It has a strong presence in its home market of Switzerland and significant operations in Germany, Austria, Norway, and Sweden. Implenia was founded in 2006 from the merger of several Swiss construction firms, consolidating its operations to enhance its competitive position in the European construction market. The company's strategic focus highlights its commitment to sustainability and innovation in construction practices.
- Ticker
- Fr. IMPN
- Sector
- Industrials
- Primary listing
- XSWX
- Employees
- 8,531
- Headquarters
- Opfikon, Switzerland
- Website
- www.implenia.com
Implenia AG Metrics
BasicAdvanced
CHF 1.3B
14.94
CHF 4.53
0.41
CHF 1.40
2.07%
Price and volume
Market cap
CHF 1.3B
Beta
0.41
52-week high
CHF 83.30
52-week low
CHF 57.80
Average daily volume
33K
Dividend rate
CHF 1.40
Financial strength
Current ratio
1.253
Quick ratio
1.089
Long term debt to equity
0.933
Total debt to equity
1.044
Dividend payout ratio (TTM)
30.71%
Interest coverage (TTM)
2.07%
Profitability
EBITDA (TTM)
115.75
Gross margin (TTM)
45.22%
Net profit margin (TTM)
2.48%
Operating margin (TTM)
1.78%
Effective tax rate (TTM)
22.86%
Revenue per employee (TTM)
CHF 400,000
Management effectiveness
Return on assets (TTM)
1.16%
Return on equity (TTM)
12.27%
Valuation
Price to earnings (TTM)
14.936
Price to revenue (TTM)
0.369
Price to book
1.68
Price to tangible book (TTM)
3.97
Price to free cash flow (TTM)
10.296
Free cash flow yield (TTM)
9.71%
Free cash flow per share (TTM)
6.566
Dividend yield (TTM)
2.07%
Forward dividend yield
2.07%
Growth
Revenue change (TTM)
-7.85%
Earnings per share change (TTM)
-15.87%
3-year revenue growth (CAGR)
-1.02%
10-year revenue growth (CAGR)
0.14%
3-year earnings per share growth (CAGR)
4.83%
10-year earnings per share growth (CAGR)
5.84%
3-year dividend per share growth (CAGR)
51.83%
10-year dividend per share growth (CAGR)
-2.48%
Bulls say / Bears say
First-half EBIT rose 6% to CHF 60.4 million and the margin improved to 3.4% from 3.1%. Implenia kept its 2026 EBIT target of about CHF 150 million, before growth investment costs. (Implenia)
The order book grew 9.6% to CHF 8.5 billion, and its estimated project margin rose to 7.9% from 7.5%. That gives Implenia a larger and potentially more profitable base of work to deliver. (Implenia)
Data centres are a potentially valuable growth niche: Implenia has about 75% of the Swiss market, and the company aims to triple its Swiss data-centre sales by 2030. The segment's reported margin above 10% could help lift group profitability if that growth is delivered. (The Market)
First-half revenue fell 4.8% to CHF 1.77 billion, with lower contributions from civil engineering projects still in their early phases. This shows that the larger order book may take time to translate into sales. (Implenia)
Free cash flow remained negative at CHF 117.7 million in the first half, while the equity ratio was 23.4%, below the company's 25% medium-term aim. Continued cash outflows could limit financial flexibility if working capital does not improve further. (Implenia)
Real Estate Development EBIT fell to CHF 14 million from CHF 20.8 million a year earlier, reflecting one completed transaction rather than two. This highlights how lumpy property transactions can make part of Implenia's earnings less predictable. (Implenia)
Data summarised monthly by Lightyear AI. Last updated on 17 Oct 2026.
Upcoming events
No upcoming events
Funds containing Implenia AG
AllEURUSDGBP
Fund name | Fund size | Fr. IMPN weighting |
|---|---|---|
Global X European Infrastructure Development$BRIJ | €578M | 0.34% |
Global X European Infrastructure Development£BRIP | €578M | 0.34% |
Xtrackers MSCI Europe Small Cap£XXSC | $3.6B | 0.08% |
Xtrackers MSCI Europe Small Cap€DX2J | $3.6B | 0.08% |
Vanguard ESG Developed Europe All Cap£V3EA | €125M | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.