The globally active Zug-based specialist for energy management Landis+Gyr has confirmed its forecast for the current financial year with sales growth of six to 10 per cent and an adjusted operating profit margin before taxes of between five and eight per cent. Due to a "record-high order backlog", the corporate group is also raising its medium-term financial targets for the 2025 financial year, according to a statement.
The provider of smart consumption metering for electricity, gas, heating, cooling and water is aiming for sales growth in the mid to high single-digit range. The target for adjusted operating income before interest, taxes, depreciation and amortization (EBITDA) is 12 to 14 per cent.
The need to save CO2 worldwide and the current energy crisis have contributed to Landis+Gyr’s positive order situation. “Our solutions to solve these challenges position us in the sweet spot of the energy transition as an ESG-centric industry leader, driving sustainable impact by empowering utilities and end consumers to manage energy better,” commented Werner Liebherr, Landis+Gyr`s Chief Executive Officer, in the statement.
The company has also signed a long-term contract with a private energy supply company in the USA. Subject to official approval, Landis+Gyr will modernize the utility's metering software. The contract includes meter data management software, software-as-a-service and services to support the 500,000 legacy electricity meters. The project also envisages the delivery of 500,000 next-generation smart meters over the next 20 years.
