Landis+Gyr Group AG/€LAND

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About Landis+Gyr Group AG

Landis+Gyr Group AG is a technology company that specializes in energy management solutions, primarily focusing on advanced metering infrastructure. It provides utilities and consumers with tools for energy measurement and analytics to enhance efficiency and reduce emissions. Founded in 1896, the company has a long history in the metering industry and is headquartered in Zug, Switzerland. It operates globally, serving customers in over 30 countries with a robust portfolio of smart meters and grid management systems. Landis+Gyr's strategic positioning highlights its commitment to innovation in smart grid technologies and its strong presence in multiple international markets.
Ticker
€LAND
Sector
Digital Hardware
Primary listing
XGAT
Employees
6,053
Headquarters
Cham, Switzerland

LAND Metrics

BasicAdvanced
€1.5B
-
-€5.14
0.84
€1.31
2.50%

Bulls say / Bears say

Backlog remains a major source of revenue visibility: it was about $3.8 billion in Q1, with Grid Intelligence representing roughly 47%, and the trailing 12-month book-to-bill ratio was 1.0x. This suggests demand is keeping pace with deliveries despite quarterly timing swings. (PR Newswire, PR Newswire)
Profitability is improving as the mix shifts towards software and services. Q1 adjusted gross margin reached a record 37.4%, up 280 basis points year on year, while FY2026 adjusted EBITDA margin guidance is 14.5% to 15.5%. (PR Newswire, PR Newswire)
Cash generation and capital returns provide a potential support for the shares. FY2025 operating cash flow rose 24.6% to $98.3 million, leverage was 0.9 times adjusted EBITDA, and the company is accelerating its buyback after completing the EMEA sale. (PR Newswire, PR Newswire)
Revenue fell 6.8% year on year in Q1 FY2026 because project deployments were delayed. Management also expects an approximately $60 million gap between a completed Revelo rollout and the ramp-up of a new contract, creating near-term execution risk. (PR Newswire, PR Newswire)
Reported earnings remain weak despite better adjusted measures: FY2025 ended with a $166.6 million net loss, including a non-cash impairment linked to the EMEA divestment. This can make headline earnings and valuation harder for investors to interpret while the restructuring is completed. (PR Newswire)
The refocused group is less geographically diversified. FY2025 APAC order intake fell 60% and committed backlog fell 13.6%, while the EMEA business and its 2,800 employees were sold; this raises concentration risk if Americas deployments disappoint. (MarketScreener, Morningstar)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

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