Financial Information
Landis+Gyr Group AG, Zug
Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in smart metering, grid edge intelligence and smart infrastructure. With sales of USD 1.8 billion, Landis+Gyr employs approximately 5,700 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.
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Financial Results
2018
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2017
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Key Figures
| Key figures (in USD million) | FY 2018 |
FY 2017 | FY 2016 | FY 2015 |
| Net revenue | 1,765.2 | 1,737.8 | 1,659.2 | 1,573.5 |
| R&D investments | 156.9 | 163.8 | 162.8 | 148.3 |
| Net income/(loss) | 122.2 | 46.4 | (62.1) | (13.5) |
| EBITDA(1) | 251.1 | 141.3 | 150.8 | 160.0 |
| Adjusted EBITDA(2) | 237.9 | 208.2 | 212.0 | 221.0 |
| Employees (FTE) | 5,648 | 5,915 | 5,919 | 6,001 |
Audited figures: Financial year ended per March 31
(1) EBITDA is calculated as net income (loss) excluding interest income and expense, net gain (loss) on foreign exchange related to intercompany loans, net, income tax expense (benefit), amortization of intangible assets, depreciation and impairment of fixed assets and long-term assets. EBITDA is a non-U.S. GAAP financial measure.
(2) Adjusted EBITDA is calculated as EBITDA adjusted for restructuring charges (2017/18: 14.7 million; 2016/17: USD 3.8 million; 2015/2016: USD 5.9 million), exceptional warranty related expenses (2017/18: 2.4 million; 2016/17: USD 6.4 million; 2015/16: USD 44.2 million), warranty normalization adjustments (2017/18: 24.2 million; 2016/17: USD 25.2 million; 2015/16: USD 5.5 million) and special items (2017/18: 25.6 million; 2016/17: USD 25.7 million; 2015/16: USD 5.4 million). Adjusted EBITDA is a non-U.S. GAAP financial measure.