Landis+Gyr Holds Capital Markets Day and Announces Mid-Term Financial Year 2025 Targets
CHAM,
- Introduction of mid-term financial year 2025 targets with mid to high single digit growth, Adjusted EBITDA of between
12% and14% and a confirmation of the progressive dividend policy, while the Company puts a strong focus on cash conversion - Confirmation of strategy based on three pillars Smart Metering, Grid Edge Intelligence and Smart Infrastructure, shifting the portfolio towards the latter ones, increasing analytics offering
- Strong balance sheet enables continued investments in innovation, positioning the Company for longer-term growth, with investment capacity for acquisitions
- Fully integrated "edge-to-cloud" portfolio enabled by Google Cloud provides customers with flexibility and choice, and forms the basis for EV and demand flexibility solutions
Landis+Gyr has signed up to the Science Based Targets initiative and commits to reducing Scope 1 and 2, as well as Scope 3 emissions by42% by 2030
At our last Capital Markets Day in 2021, we announced various initiatives to transform
Going forward, we continue to build on our strong Smart Metering base with leading innovation, while driving profitable growth in the additional two strategic pillars Grid Edge Intelligence and Smart Infrastructure by computing intelligence at the edge, guarding critical infrastructure and empowering cloud-based insights. We are excited about the opportunities ahead as our portfolio expansion empowers people around the globe to manage energy, water and gas more efficiently and drive sustainable efforts forward."
Read the full ad hoc announcement here.
Contact Media
Melissa van Anraad
Head of PR
Phone +41 41 935 6398
Melissa.vanAnraad@landisgyr.com
Investor inquiries: ir@landisgyr.com
Media inquiries: pr@landisgyr.com
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