Landis+Gyr posts lower Q1 FY2026 revenue, boosts share buyback

Landis+Gyr Group AG reported that net revenue for Q1 FY2026 fell 6.8% year‑on‑year to $232.3 million, while adjusted gross profit rose to $87.0 million, lifting the adjusted gross‑profit margin to 37.4%. Order intake slipped 2.7% to $167.0 million and the order backlog decreased by $48 million to $3.82 billion.

The results follow the sale of the company’s Europe‑Middle East‑Africa (EMEA) business to private‑equity firm Aurelius for $215 million. Landis+Gyr is now concentrating on North America, Asia and Oceania and is preparing for a U.S. listing while maintaining its Swiss exchange listing. A new segment structure was introduced, separating "Connected Platforms" from "Grid Intelligence".

Chief Executive Officer Peter Mainz said the pipeline remains strong and the company will accelerate its share‑buyback program through a fixed‑price offer to return proceeds to shareholders.