Landis+Gyr Reports Q1 FY 2026 Update and Boosts Share Buyback

Landis+Gyr Group AG, an energy technology leader, has released a trading update for Q1 FY 2026. The report highlights the company’s performance from April 1 to June 30, 2026, showcasing the first results under a new reporting structure. The order intake reached USD 167 million, a slight decrease of 2.7% compared to USD 171.7 million in Q1 FY 2025. The net revenue also saw a 6.8% decline, totaling USD 232.3 million. However, the adjusted gross profit margin improved by 280 basis points to 37.4%, with an adjusted gross profit of USD 87 million.

Chief Executive Officer Peter Mainz stated that despite timing challenges affecting net revenue, the company successfully enhanced profitability. Following the EMEA transaction, Landis+Gyr plans to expedite its share buyback program using a fixed-price offer, aiming to return proceeds to shareholders. Additionally, the company is advancing its preparations for a U.S. listing while remaining committed to its Swiss listing. The FY2026 guidance is reaffirmed.