Germany · Delayed Price · Currency is EUR PFISTERER Holding SE Earnings Call Transcripts
Fiscal Year 2025
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2025 saw robust revenue, profit, and order growth, driven by electrification trends and grid upgrades. Outlook remains strong with double-digit growth expected, major CapEx planned, and continued margin expansion, despite temporary cost pressures and regional risks.
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Order intake and revenue grew strongly across all regions and segments, with gross margin and EBITDA margins improving year-over-year. The company reduced net debt, executed a successful IPO, and advanced its HVDC product line, while managing risks from a factory fire through insurance.
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Order intake surged 44.7% and revenues grew 9.5% year-over-year in H1 2025, with all regions and segments contributing, especially the Middle East. Gross margin improved to 42.1%, net debt dropped after the IPO, and management expects continued growth, supported by robust market demand and expansion projects.
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Order intake and order book surged by over 35% and 44% year-over-year, with stable revenues and a 3.7 percentage point gross margin improvement. Adjusted EBITDA margin rose to 20.9% despite one-off IPO and relocation costs, and double-digit growth is expected for 2025.