Landis+Gyr Reports Q1 Revenue Dip and Launches Accelerated Buyback

The results, which reflect the company’s new reporting structure, show a contraction in order intake to $167 million compared to $171.7 million in the same period last year. Despite the revenue slip, the company saw a 280-basis-point expansion in its adjusted gross profit margin, which climbed to 37.4%. This shift resulted in an adjusted gross profit of $87 million, a slight increase from the previous year’s $86.2 million.

CEO Peter Mainz attributed the revenue variance to the timing of project deployments but emphasized that the underlying business pipeline remains robust. Beyond the financial mechanics, the company is preparing for a potential U.S. listing while maintaining its primary presence on the SIX Swiss Exchange. The accelerated buyback program, executed via a fixed-price offer, serves as the primary vehicle for distributing proceeds from the recently closed EMEA deal to shareholders. Management reiterated its full-year guidance for fiscal 2026, signaling confidence in the current trajectory despite the soft start to the fiscal year.