Switzerland's LEM FY sales fall 6.3%; starts strategic review

Lem Holding SA

26/05/2026 05:43

Overview

Switzerland electrical measurement firm's FY sales fell 6.3% on FX, stable at constant currency

Full-year EBIT rose 29.2% and net profit increased 24.5%

Company initiated review of strategic options; proposes no dividend for FY 2025/26

Outlook

LEM sees sequential improvement in bookings, driven by data center-related demand in Automation

Company remains cautious about business development due to uncertain global macro-economic environment

LEM targets mid-term annual sales growth of 4-7% at constant exchange rates, EBIT margin 10-15%

Result Drivers

AUTOMATION GROWTH - Automation business posted 10.2% growth at constant currency, driven by demand in data center cooling and high-voltage infrastructure

EFFICIENCY GAINS - Profitability improved due to strategic pricing, supply chain productivity gains, and SG&A cost reductions under 'Fit for Growth' program

DATA CENTER DEMAND - Strong bookings in Automation and Energy Distribution & High Precision driven by rising demand from data center-related customers

Company press release: ID:nEQcccdzca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
CHF 9.9 mln
FY EBIT
CHF 24.4 mln
FY EBIT Margin
8.5%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Lem Holding SA is CHF360.00, about 9.8% above its May 22 closing price of CHF328.00

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)