Switzerland's Landis+Gyr Group AG (LAND.SW) on Monday confirmed mid-term expectations for higher adjusted earnings per share and revenues through fiscal 2028, as it unveiled new business segments ahead of its Capital Markets Day.
The smart-meter maker said it continues to expect mid-single-digit revenue Compound Annual Growth Rate or CAGR over the next three years, and adjusted earnings per share CAGR to grow at more than five times the rate of revenue.
Adjusted EBITDA CAGR is still expected to grow at twice the rate of revenue.
In 2025, Landis+Gyr reported $1.17 billion in revenue, with order intake of $1.11 billion and a year-end backlog of $3.9 billion.
Further, the firm has split operations into "Connected Platforms" and "Grid Intelligence" business segments following the April 2026 divestment of its EMEA business.
Connected Platforms generated $886 million in revenues, accounting for 76 percent of fiscal 2025 net revenue with $2.2 billion in backlog.
Grid Intelligence contributed $207 million in annual recurring revenue and $1.7 billion in backlog, it said.
For the three years to Fiscal 2028, Grid Intelligence revenue is expected to rise more than 10 percent with low- to mid-single-digit growth for Connected Platforms, Landis+Gyr said.
At its Capital Markets Day at the Nasdaq MarketSite in New York, the firm plans to update on its growth strategy, technology roadmap, and financial framework, including the new alignment of the business.
On the Swiss Stock Exchange, shares of Landis+Gyr were gaining 1.58 percent, changing hands at 51.40 Swiss francs.
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