Landis+Gyr Group AG Reports Q2 Revenue Decline to $269.2 Million
Landis+Gyr Group AG has released its second-quarter financial results, reporting revenue of $269.2 million, which represents a 5.9% decrease compared to the same period last year. Despite the top-line decline, the company maintained an adjusted gross margin of 38.0% and recorded a quarterly order intake of $170.3 million. Following the performance of the first six months of the fiscal year, Landis+Gyr is updating its financial guidance for FY2026. The results reflect ongoing adjustments in the company's revenue streams as it navigates current market conditions.
Tickers: $LDGYY
Topics: guidance update order intake quarterly earnings revenue decline