Switzerland · Delayed Price · Currency is CHF LEM Holding Earnings Call Transcripts
Fiscal Year 2026
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Sales stabilized in constant currencies but declined in CHF, with strong cost reductions and improved free cash flow. Automation led growth, while other segments faced mixed trends amid ongoing pricing pressure in China. Dividend suspended due to uncertainty, but medium-term growth outlook remains positive.
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Sales declined 5% year-over-year due to FX, but operational margins and cash flow improved thanks to cost reductions. Growth in Automotive and Traction offset declines in Renewable and Energy Distribution, while guidance remains cautious amid FX and market volatility.
Fiscal Year 2025
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2024-2025 saw a 24% revenue drop amid global headwinds, with China as the only stable region and automotive showing growth. Major cost-cutting and restructuring are underway, with cautious optimism for 2025-2026 and no dividend proposed for the year.
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Sales fell 30% year-over-year amid broad market weakness and customer destocking, with all segments declining and only China showing stabilization. EBIT margin held at 9% despite lower revenue, and a performance improvement program was launched to address costs and competitiveness.