Switzerland's Accelleron H1 revenue rises 21% on data center demand
Switzerland's Accelleron H1 revenue rises 21% on data center demand
Overview
Switzerland turbocharging tech firm's H1 2026 revenue grew 21%, driven by marine and data centers
Operational EBITA for H1 2026 rose 22.5% yr/yr, net income up 32% yr/yr
Company raised full-year 2026 organic revenue growth guidance to 14–17%
Outlook
Accelleron raises 2026 organic revenue growth guidance to 14–17% from 9–14%
Company confirms 2026 Operational EBITA margin guidance at 25–26%
Accelleron expects robust demand in core markets but sees upgrade growth leveling off
Result Drivers
MARINE NEW BUILDS - Co said merchant marine new builds continued to drive revenue growth in Medium & Low Speed segment
DATA CENTER DEMAND - Expansion of U.S. data centers led to increased demand for prime power applications, per CEO Daniel Bischofberger
SERVICE AGREEMENTS - More vessels under full-cover service agreements and fuel efficiency upgrades supported service revenue growth
Company press release: ID:nEQc72RwKa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $737.30 mln |
|
H1 Net Income |
| $150.80 mln |
|
H1 Basic EPS |
| $1.53 |
|
H1 EBITA |
| $189.70 mln |
|
H1 EBITA Margin |
| 25.70% |
|
H1 Free Cash Flow |
| $88.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Accelleron Industries AG is CHF76.50, about 1.7% below its August 26 closing price of CHF77.85
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 34 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)