Annonce • May 30
Landis+Gyr Group AG to Report First Half, 2027 Results on Oct 29, 2026 Landis+Gyr Group AG announced that they will report first half, 2027 results on Oct 29, 2026 Declared Dividend • May 10
Dividend of CHF1.20 announced Shareholders will receive a dividend of CHF1.20. Ex-date: 30th June 2026 Payment date: 2nd June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (53% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. New Risk • May 08
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 2.4% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Annonce • May 02
everfield Germany GmbH signed a definitive agreement to acquire Rhebo GmbH from Landis+Gyr Group AG (SWX:LAND). everfield Germany GmbH signed a definitive agreement to acquire Rhebo GmbH from Landis+Gyr Group AG (SWX:LAND) on April 30, 2026.
The transaction is subject to customary regulatory approvals and other standard closing conditions. Annonce • Jan 29
Landis+Gyr Group AG to Report Fiscal Year 2026 Final Results on May 29, 2026 Landis+Gyr Group AG announced that they will report fiscal year 2026 final results on May 29, 2026 Reported Earnings • Oct 29
First half 2026 earnings released: EPS: US$0.38 (vs US$1.67 in 1H 2025) First half 2026 results: EPS: US$0.38 (down from US$1.67 in 1H 2025). Revenue: US$535.9m (down 42% from 1H 2025). Net income: US$11.1m (down 77% from 1H 2025). Profit margin: 2.1% (down from 5.2% in 1H 2025). Revenue is expected to decline by 3.9% p.a. on average during the next 3 years, while revenues in the Electronic industry in the United Kingdom are expected to grow by 6.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Annonce • Oct 01
AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR40) entered into a share purchase agreement to acquire EMEA metering business of Landis+Gyr Group AG (SWX:LAND) for an enterprise value of $215 million. AURELIUS Equity Opportunities SE & Co. KGaA (HMSE:AR40) entered into a share purchase agreement to acquire EMEA metering business of Landis+Gyr Group AG (SWX:LAND) for an enterprise value of $215 million on September 29, 2025.
EMEA metering business of Landis+Gyr Group AG generated $600 million in 2024.
The transaction is subject to customary regulatory approvals and other closing conditions. It is expected to close in 2nd quarter of 2026.
Haver & Mailander acted as legal advisor for AURELIUS Equity Opportunities SE & Co. KGaA. ALANTRA Deutschland GmbH acted as financial advisor for AURELIUS Equity Opportunities SE & Co. KGaA. Baker & Mckenzie Partnerschaft Von Rechtsanwälten Wirtschaftsprüfern,Steuerberatern Und Solicitors acted as legal advisor for AURELIUS Equity Opportunities SE & Co. KGaA. EY acted as accountant and financial advisor for AURELIUS Equity Opportunities SE & Co. KGaA. Roland Berger advised AURELIUS for commercial matters. Aon advised AURELIUS for insurance matters. Daniel Hasler, Anna Peter, Richard Stäuber, and Gregor Bühler,of Homburger AG acted as legal advisor for Landis+Gyr Group AG. UBS Switzerland AG acted as financial advisor for Landis+Gyr Group AG. Linklaters acted as legal advisor for Landis+Gyr Group AG. Deloitte acted as accountant and financial advisor for Landis+Gyr Group AG. Buy Or Sell Opportunity • Sep 30
Now 21% undervalued Over the last 90 days, the stock has risen 14% to CHF65.30. The fair value is estimated to be CHF82.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company became loss making. Annonce • Sep 25
Landis+Gyr Group AG to Report Fiscal Year 2026 Results on May 07, 2026 Landis+Gyr Group AG announced that they will report fiscal year 2026 results on May 07, 2026 Buy Or Sell Opportunity • Jun 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to CHF57.30. The fair value is estimated to be CHF47.72, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Meanwhile, the company became loss making. Annonce • Jun 24
Landis+Gyr's Revelo E360 and E660 Cellular Grid Edge Sensors Become First Electrical Meters Certified by Ctia Certification for Smart Connected Infrastructure Landis+Gyr announced the Revelo E360 and E660 Cellular grid sensors are the first electrical meters to achieve IoT Network Certified for Smart Connect Infrastructure™? by CTIA Certification. The certification program empowers manufacturers to validate their devices' suitability for critical infrastructure operations. Developed by CTIA Certification, the program addresses the increasing demand for a set of standards to ensure the safety and reliability of these devices. In addition to ensuring secure operation over public carrier networks, private LTE network operators can benefit from the added level of testing provided by the CTIA Certification program. Landis+Gyr's Revelo Cellular devices deliver all of the grid edge sensing and computing capabilities of the company's RF Mesh IP network meters, while offering the deployment flexibility of omni-carrier connectivity with the best fit public carriers. Upcoming Dividend • Jun 20
Upcoming dividend of CHF1.15 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 01 July 2025. The company is not currently making a profit and its cash payout ratio is 85%. Trailing yield: 2.1%. Lower than top quartile of British dividend payers (5.6%). Higher than average of industry peers (1.4%). Annonce • May 29
Landis+Gyr Group AG, Annual General Meeting, Jun 25, 2025 Landis+Gyr Group AG, Annual General Meeting, Jun 25, 2025, at 14:00 W. Europe Standard Time. Location: steinhausen Switzerland Declared Dividend • May 12
Dividend of CHF1.15 announced Shareholders will receive a dividend of CHF1.15. Ex-date: 27th June 2025 Payment date: 1st July 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (85% cash payout ratio). The dividend has decreased over the past 76 years, indicating a lack of growth and stability in payments. Reported Earnings • May 04
Full year 2025 earnings released: US$2.97 loss per share (vs US$3.79 profit in FY 2024) Full year 2025 results: US$2.97 loss per share (down from US$3.79 profit in FY 2024). Revenue: US$1.73b (down 12% from FY 2024). Net loss: US$85.8m (down 179% from profit in FY 2024). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Annonce • May 02
Landis+Gyr Group Ag Provides Earnings Guidance for the Year 2025 Landis+Gyr Group AG provided earnings guidance for the year 2025. For the year, the company expects net revenue growth of between 5% and 8%. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF44.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Electronic industry in the United Kingdom. Total loss to shareholders of 9.4% over the past three years. Annonce • Apr 02
Landis+Gyr Completes AMI Upgrade with TEPCO Power Grid Paving the Way for Installation of a Wi-SUN Network Landis+Gyr announced completion of upgrades to the utility's Advanced Metering Infrastructure (AMI) for electric metering that enable smart meters to act as a communication hub connecting gas and water meters, EV chargers, battery storage and solar panel inverters to the AMI network. TEPCO PG and Landis+Gyr have worked closely to bring these major upgrades to the system, including the full migration of the system onto new virtualized IT infrastructure without disrupting services to numerous retail utilities. These retail utilities receive meter readings every 30 minutes from TEPCO PG to accurately forecast energy demands. The firmware upgrades will allow DERMS providers and asset owners to meter other assets, including distributed energy resources (DERs) across TEPCO PG's distribution network. Additionally, it will allow DER MS providers and asset owners to control such assets through TEPCO PG's AMI while maintaining security and privacy. The new system employs standards-based open technology called Wi-SUN Enhanced HAN, which allows device and communication module providers to participate in the ecosystem with minimum investment. This is one of the first commercial applications of this standard globally. Moving forward, Landis+Gyr will continue to work with TEPCO PG to transition to a next generation AMI system. The companies intend to collaborate closely on a system-wide upgrade to a Wi-SUN FAN and cellular-based network, resulting in a standards-based, open technology. The project will add more bandwidth and flexibility to the system, unleashing the full capability of Wi-SUN and increase interoperability with other technologies, while lowering costs and encouraging innovation. The expanded product ecosystem that results will accelerate the path toward a smart energy future while enhancing the largest AMI/IoT platform in the world. Annonce • Mar 14
Landis+Gyr Group AG Announces CFO Changes Landis+Gyr Group AG announced that the Board of Directors has appointed Davinder Athwal as new Group Chief Financial Officer (CFO) and a member of the Group Executive Management effective April 1, 2025. He succeeds Elodie Carr-Cingari who is leaving the company to pursue a new professional opportunity outside of Landis+Gyr as announced in October 2024. Davinder Athwal brings over 25 years of global financial leadership experience, with a proven track record of driving growth, enhancing operational efficiency, and optimizing strategic capital allocation across publicly listed and private enterprises. He will join Landis+Gyr from Phenom People Inc., a U.S. based global provider of Software as a Service (SaaS) solutions to large enterprises. Prior to that, he held CFO positions at Output Services Group, Avantax, and UGI International, where he spearheaded profitability initiatives, capital efficiency improvements, and business transformations in complex, multinational environments. A Certified Public Accountant (CPA), Davinder Athwal holds a bachelor’s degree in accounting & finance from the Kingston University (London) and a master’s degree in finance from the Long Island University (New York). Annonce • Mar 11
Landis+Gyr Announces Commercial Availability of Revelo Cellular Grid Sensing Platform Landis+Gyr announced the commercial availability of the Revelo Cellular grid sensor, a versatile and powerful option for utilities seeking to add grid edge computing and sensing capabilities in an advanced meter. Available in a variety of residential and commercial forms, Revelo Cellular brings enhanced deployment flexibility with multiple carrier models using LTE-M communications. Utilities can deploy the solution using public cellular carriers, private LTE or by using Landis+Gyr's omni-carrier bundled service. As with the market-leading Mesh IP network version, Revelo Cellular provides a wide range of advanced grid sensing capabilities not available in standard AMI meters. This includes streaming high resolution current and voltage data, advanced power quality metrics and detection of grid anomalies to an integrated edge intelligence card and onboard Gridstream Connect App operating system for real-time processing. Other features include: Micro arc sensing for early detection of hot socket conditions; Anterix Active and IoT Network Ready certifications; Wi-Fi-certified and internet-enabled open application ecosystem. Revelo supports multiple use cases for flexible grid management, including transportation electrification, distributed energy resource management and circuit-level capacity management. Built-in edge computing capabilities enable it to run a variety of software applications to monitor grid health, manage DERs and EV chargers, and support real-time load disaggregation. New Risk • Mar 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (7.0% average weekly change). Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CHF50.10, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Electronic industry in the United Kingdom. Total loss to shareholders of 12% over the past three years. Annonce • Jan 09
Landis+Gyr Announces That Chair of the Board of Directors Andreas Umbach Will Not Stand for Re-Election Landis+Gyr Group AG announced that Andreas Umbach, Chair of the Board of Directors of Landis+Gyr Group AG since 2017, has informed the Board that he will not stand for re-election as a member and Chair of the Board of Directors in the next Annual General Meeting, scheduled to be held on June 25, 2025. Reported Earnings • Nov 01
First half 2025 earnings released: EPS: US$1.67 (vs US$1.43 in 1H 2024) First half 2025 results: EPS: US$1.67 (up from US$1.43 in 1H 2024). Revenue: US$925.6m (down 4.6% from 1H 2024). Net income: US$48.2m (up 17% from 1H 2024). Profit margin: 5.2% (up from 4.2% in 1H 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annonce • Oct 30
Landis+Gyr Group AG to Report First Half, 2026 Results on Oct 28, 2025 Landis+Gyr Group AG announced that they will report first half, 2026 results on Oct 28, 2025 Annonce • Aug 28
Landis+Gyr Group AG to Report Fiscal Year 2024 Results on May 28, 2025 Landis+Gyr Group AG announced that they will report fiscal year 2024 results on May 28, 2025 Annonce • Jul 31
Landis+Gyr Group AG to Report Fiscal Year 2025 Results on May 08, 2025 Landis+Gyr Group AG announced that they will report fiscal year 2025 results on May 08, 2025 Annonce • Jul 05
SEO Management AG acquired 5% stake in Landis+Gyr Group AG (SWX:LAND) from Kirkbi Invest A/S. SEO Management AG acquired 5% stake in Landis+Gyr Group AG (SWX:LAND) from Kirkbi Invest A/S on July 4, 2024. With this acquisition, SEO Management becomes the second largest shareholder of Landis+Gyr. Landis+Gyr intends to propose to its shareholders in a virtual Extraordinary General Meeting (EGM) to elect Fabian Rauch, SEO's Co-Founder and Managing Partner, as a new member of the Board of Directors of Landis+Gyr Group AG. Peter Bason, KIRKBI's representative on the Board of Directors of Landis+Gyr Group AG, has informed the Company that he intends to resign from the Board with effect of mentioned EGM.SEO Management AG completed the acquisition of 5% stake in Landis+Gyr Group AG (SWX:LAND) from Kirkbi Invest A/S on July 4, 2024. Declared Dividend • May 10
Dividend of CHF2.25 announced Shareholders will receive a dividend of CHF2.25. Ex-date: 27th June 2024 Payment date: 1st July 2024 Dividend yield will be 3.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. EPS is expected to grow by 47% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 09
Full year 2024 earnings released: EPS: US$3.81 (vs US$7.35 in FY 2023) Full year 2024 results: EPS: US$3.81 (down from US$7.35 in FY 2023). Revenue: US$1.96b (up 17% from FY 2023). Net income: US$110.0m (down 48% from FY 2023). Profit margin: 5.6% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 27
First half 2024 earnings released: EPS: US$1.43 (vs US$6.58 in 1H 2023) First half 2024 results: EPS: US$1.43 (down from US$6.58 in 1H 2023). Revenue: US$970.5m (up 33% from 1H 2023). Net income: US$41.2m (down 78% from 1H 2023). Profit margin: 4.2% (down from 26% in 1H 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Oct 26
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 75% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 104% Cash payout ratio: 324% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Annonce • Oct 11
Landis+Gyr Group AG to Report Q2, 2025 Results on Oct 30, 2024 Landis+Gyr Group AG announced that they will report Q2, 2025 results on Oct 30, 2024 Annonce • Oct 05
Landis+Gyr Group AG (SWX:LAND) acquired Thundergrid. Landis+Gyr Group AG (SWX:LAND) acquired Thundergrid on October 4, 2023. Thundergrid’s commercial independence including current management and team structure will be retained to drive the company’s vision and strategy in New Zealand.Landis+Gyr Group AG (SWX:LAND) completed the acquisition of Thundergrid on October 4, 2023. Annonce • Aug 12
Landis+Gyr Group AG to Report Fiscal Year 2024 Final Results on May 31, 2024 Landis+Gyr Group AG announced that they will report fiscal year 2024 final results on May 31, 2024 Buying Opportunity • Jul 26
Now 21% undervalued Over the last 90 days, the stock is up 2.4%. The fair value is estimated to be CHF95.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is forecast to decline by 8.7% per annum over the same time period. Annonce • Jul 01
Landis+Gyr Group AG, Annual General Meeting, Jun 25, 2024 Landis+Gyr Group AG, Annual General Meeting, Jun 25, 2024. Buying Opportunity • Jun 22
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be CHF98.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is forecast to decline by 9.1% per annum over the same time period. Upcoming Dividend • Jun 19
Upcoming dividend of CHF2.20 per share at 2.6% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (1.4%). Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: US$7.35 (vs US$2.59 in FY 2022) Full year 2023 results: EPS: US$7.35 (up from US$2.59 in FY 2022). Revenue: US$1.68b (up 15% from FY 2022). Net income: US$212.1m (up 184% from FY 2022). Profit margin: 13% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • May 26
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be CHF101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is forecast to decline by 8.3% per annum over the same time period. Reported Earnings • May 03
Full year 2023 earnings released: EPS: US$7.21 (vs US$2.59 in FY 2022) Full year 2023 results: EPS: US$7.21 (up from US$2.59 in FY 2022). Revenue: US$1.68b (up 15% from FY 2022). Net income: US$207.9m (up 178% from FY 2022). Profit margin: 12% (up from 5.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 20
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CHF91.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings is forecast to decline by 22% per annum over the same time period. Annonce • Jan 18
Landis+Gyr Group AG to Report First Half, 2024 Results on Oct 25, 2023 Landis+Gyr Group AG announced that they will report first half, 2024 results on Oct 25, 2023 Buying Opportunity • Dec 29
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be CHF82.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is forecast to decline by 26% per annum over the same time period. Annonce • Nov 19
Landis+Gyr Group AG to Report Fiscal Year 2023 Final Results on May 26, 2023 Landis+Gyr Group AG announced that they will report fiscal year 2023 final results on May 26, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Laureen Tolson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 30
Landis+Gyr Group AG, Annual General Meeting, Jun 22, 2023 Landis+Gyr Group AG, Annual General Meeting, Jun 22, 2023. Agenda: Annual General Meeting. Reported Earnings • Oct 27
First half 2023 earnings released: EPS: US$6.47 (vs US$1.21 in 1H 2022) First half 2023 results: EPS: US$6.47 (up from US$1.21 in 1H 2022). Revenue: US$728.7m (up 4.0% from 1H 2022). Net income: US$186.5m (up 434% from 1H 2022). Profit margin: 26% (up from 5.0% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 12% per year. Buying Opportunity • Aug 02
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be CHF77.48, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings is also forecast to grow by 3.3% per annum over the same time period. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Laureen Tolson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director Laureen Tolson was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 21
Upcoming dividend of CHF2.15 per share Eligible shareholders must have bought the stock before 28 June 2022. Payment date: 30 June 2022. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.1%). Higher than average of industry peers (1.6%). Reported Earnings • May 09
Full year 2022 earnings released: EPS: US$2.75 (vs US$13.61 loss in FY 2021) Full year 2022 results: EPS: US$2.75 (up from US$13.61 loss in FY 2021). Revenue: US$1.46b (up 7.8% from FY 2021). Net income: US$79.4m (up US$471.8m from FY 2021). Profit margin: 5.4% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 8.3% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
First half 2022 earnings released: EPS US$1.21 (vs US$0.071 loss in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: US$700.9m (up 12% from 1H 2021). Net income: US$34.9m (up US$37.0m from 1H 2021). Profit margin: 5.0% (up from net loss in 1H 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jun 22
Upcoming dividend of CHF2.10 per share Eligible shareholders must have bought the stock before 28 June 2021. Payment date: 30 June 2021. Trailing yield: 6.1%. Within top quartile of British dividend payers (4.0%). Higher than average of industry peers (1.0%). Reported Earnings • Jun 01
Full year 2021 earnings released: US$13.61 loss per share (vs US$3.90 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: US$1.36b (down 20% from FY 2020). Net loss: US$392.4m (down 445% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • May 06
Full year 2021 earnings released: US$13.61 loss per share (vs US$3.90 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: US$1.36b (down 20% from FY 2020). Net loss: US$392.4m (down 445% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 02
Member of Extended Executive Management has left the company On the 31st of March, Jonathan Elmer's tenure as Member of Extended Executive Management ended after less than a year in the role. We don't have any record of a personal shareholding under Jonathan's name. Jonathan is the only executive to leave the company over the last 12 months. Is New 90 Day High Low • Feb 10
New 90-day low: CHF61.29 The company is down 4.0% from its price of CHF63.62 on 11 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF50.21 per share. Annonce • Jan 28
Landis+Gyr Group AG (SWX:LAND) executed an agreement to acquire Rhebo GmbH. Landis+Gyr Group AG (SWX:LAND) executed an agreement to acquire Rhebo GmbH on January 27, 2021. As per the transaction, Klaus Mochalski, co-founder and CEO of Rhebo GmbH and its management team will be joining Landis+Gyr Group AG. The transaction is not expected to have a material impact on Landis+Gyr Group AG's financial results in the near-term. Annonce • Jan 26
Landis+Gyr secures major contract with partner EDF to deliver 650,000 SMETS2 Meters Landis+Gyr announced that it has secured an additional major contract through its partnership with EDF. The agreement builds on the existing relationship between the two companies, and will see Landis+Gyr provide a further 650,000 SMETS2 gas and electricity meters by June 2025, following the initial order of 500,000 meters. As one of the UK's energy suppliers with approximately 5 million accounts, EDF has played an integral role in the nationwide deployment of smart meters. Since installing the UK's first SMETS2 meter in 2018, Landis+Gyr has partnered with most of the UK's Large Energy Suppliers to provide a range of tailored solutions to support these companies in their rollout of smart technology. This year it has also worked with smaller businesses and independent suppliers to open up the SMETS2 market to more providers through innovative new contract models. The SMETS2 rollout is paving the way for a smart grid and intelligent power distribution system which will fundamentally transform the way the power grid operates, supporting the systematic decarbonisation of the UK economy. A smarter grid will radically transform UK electricity infrastructure, helping to facilitate the deployment of more renewable energy resources to the grid, including offshore wind. Additionally, as individuals and businesses look to the possibility of a truly Green Recovery, smart meters provide an immediate and affordable solution that can truly make a positive economic and environmental difference to residential and commercial properties alike. Annonce • Jan 13
Landis+Gyr and PayGo Announce Billing and Payments Partner Agreement Landis+Gyr and PayGo have signed a partner agreement that authorizes Landis+Gyr to provide PayGo's prepay, digital billing and payment services to its advanced metering customers. Landis+Gyr is now able to offer PayGo to existing and future AMI customers as a premium prepay, digital billing and payment service. Prepayment systems for utility services have proven to deliver benefits for both the customer and utility, giving the customer greater control over their energy usage leading to improved energy efficiency. These programs also reduce the need for security deposits and fees, while lowering debt and improving customer satisfaction. PayGo's software platform is built on a comprehensive billing and communications engine that allows the application to serve all of the utility's digital payment programs. Accessing data from advanced meters and other utility assets, it provides both prepay and postpay options for utility services. Is New 90 Day High Low • Jan 09
New 90-day high: CHF74.34 The company is up 40% from its price of CHF53.10 on 09 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF59.27 per share. Is New 90 Day High Low • Dec 19
New 90-day high: CHF69.45 The company is up 30% from its price of CHF53.45 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF59.73 per share. Upcoming Dividend • Nov 19
Upcoming Dividend of CHF2.00 Per Share Will be paid on the 30th of November to those who are registered shareholders by the 26th of November. The trailing yield of 5.9% is in the top quartile of British dividend payers (5.0%), and it is higher than industry peers (1.1%). Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 15% share price gain to US$63.62, the stock is trading at a trailing P/E ratio of 49x, up from the previous P/E ratio of 42.5x. This compares to an average P/E of 34x in the Electronic industry in the United Kingdom. Total returns to shareholders over the past three years are 2.7%. Is New 90 Day High Low • Nov 09
New 90-day high: CHF61.25 The company is up 3.0% from its price of CHF59.25 on 11 August 2020. The British market is down 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF54.41 per share. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 20% share price gain to US$61.25, the stock is trading at a trailing P/E ratio of 45.2x, up from the previous P/E ratio of 37.7x. This compares to an average P/E of 31x in the Electronic industry in the United Kingdom. Total return to shareholders over the past three years is a loss of 1.1%. Reported Earnings • Oct 13
First half earnings released Over the last 12 months the company has reported total profits of US$39.9m, down 70% from the prior year. Total revenue was US$1.46b over the last 12 months, down 18% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 13
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 6.8% at US$623.5m. Revenue is forecast to grow 1.2% over the next year, while the growth in Electronic industry in the United Kingdom is expected to stay flat. Annonce • Oct 07
Landis+Gyr Expands Calvin Capital Partnership to Deliver SMETS2 Meters to Independent Suppliers Landis+Gyr announced an extension to its existing partnership with Calvin Capital, a wholly-owned subsidiary of Calisen plc. The contract will see Landis+Gyr provide a flexible volume of SMETS2 smart meters to support the roll-out obligations of independent UK energy suppliers which use Calvin Capital as their Meter Asset Provider. Under an innovative new mechanism, between 400,000 and 2 million meters will be supplied, with the option for incremental expansions of volumes. As the market-leading manufacturer of smart meters, Landis+Gyr already provides a range of tailored solutions to the UK's 'Big Six' utilities. The expanding partnership with Calvin Capital reflects the changing dynamics of the UK's energy supply sector. As smaller suppliers have increased market share in recent years, their role within the smart meter rollout has become more important. The contract will enable Calvin Capital to procure Landis+Gyr smart meters collectively for these smaller suppliers, reducing their procurement challenges. The SMETS2 rollout paves the way for a smart grid and intelligent power distribution system which will fundamentally transform the way the power grid operates, supporting the systematic decarbonisation of the UK economy. A total of 53 million smart electricity and gas meters are to be deployed before 2025, as part of the country's plans to upgrade its electricity infrastructure. Including the contract with Calvin Capital, 21 million meters have now been awarded to or delivered by Landis+Gyr. Landis+Gyr structured the innovative contract with Calvin Capital to cater to smaller, independent gas and electricity meter suppliers. Benefits to Calvin Capital's customers include: High security – the new SMETS2 meters maintain and extend the higher standard of security for householder data. Renewable energy support – SMETS2 meters will facilitate the connection of all types of home renewable and microgeneration technology onto the grid, supporting a cleaner, greener UK. Interoperability – SMETS2 meters enable seamless switching between energy suppliers by connecting with the Data Communications Company. Is New 90 Day High Low • Sep 23
New 90-day low: CHF51.05 The company is down 14% from its price of CHF59.60 on 25 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF56.34 per share. 
