LEM Holding soars as it flags outside interest after data center-driven order beat

Lem Holding SA

26/05/2026 09:16

** Shares of LEM Holding LEHN.S jump 18% after the Swiss electrical component maker beat full-year order expectations and said it had drawn attention from "certain interested parties"

** LEM's board is at the early stages of reviewing potential strategic options, but there is no assurance it will result in a transaction, the company says

** "The stock reflects a very pessimistic view on the company's prospects which we do not share and which now also seems to have drawn the concrete interest of outside parties, with an open outcome," Vontobel says

** The company's order intake fell by 8% in its 2025/26 financial year, but beat an AWP consensus cited by the brokerage

** "LEM continues to stabilize and is showing green shoots of demand recovery with data centers emerging as a driver," Vontobel adds, noting a "clear recovery" in Q4 book-to-bill ratio

** The shares are on track for their best day since November 2001 if the gains hold

(Reporting by Simon Ferdinand Eibach)

((Simonferdinand.eibach@thomsonreuters.com))