Springer Nature AG & Co. KGaA (ETR:SPG)
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At close: Jul 2, 2026

Springer Nature AG & Co. KGaA Earnings Call Transcripts

Fiscal Year 2026

  • Q1 2026 saw 6% underlying revenue and 9% AOP growth, led by research and open access. Free cash flow rose to EUR 204 million, leverage dropped to 1.5x, and full-year guidance is reiterated. AI tools and new journal launches support continued outperformance.

Fiscal Year 2025

  • Delivered strong 2025 results with 6% underlying revenue and 9% AOP growth, led by research and open access. 2026 guidance targets 5%-6% revenue growth and further margin expansion, supported by high renewal rates, robust submissions, and ongoing AI-driven efficiencies.

  • Strong nine-month results driven by research and open access growth, with revenue up 5.9% and AOP up 9.9%. Cash flow and leverage improved, supporting confidence in 2025 guidance despite education headwinds and FX impacts.

  • Strong H1 2025 results with 6% underlying revenue and 10% adjusted operating profit growth led to upgraded full-year guidance. Research segment outperformed the market, especially in open access, and significant progress was made in AI and digital initiatives.

  • Q1 2025 saw 6% underlying revenue and 11% AOP growth, led by the research segment and strong open access momentum. Full-year guidance was raised to the upper half of revenue and profit ranges, with margin expansion expected. Cash flow and leverage improved, and AI initiatives advanced.

Fiscal Year 2024