Landis+Gyr Group AG, Zug
Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering the broadest portfolio of products and services to address complex industry challenges, the company delivers comprehensive solutions for the foundation of a smarter grid, including smart metering, distribution network sensing and automation tools, load control, analytics and energy storage. Landis+Gyr operates in over 30 countries across five continents. With sales of approximately USD 1.7 billion, the company employs c. 6,000 people with the sole mission of helping the world manage energy better.
Half Year Results 2017/18
|Key figures (in USD million)||2016/17||2015/16||Δ%|
|Adjusted EBITDA (unaudited)(2)||212.0||221.0||(4.1%)|
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 (2016/17: USD 3.8 million; 2015/2016: USD 5.9 million), exceptional warranty related expenses (2016/2017: USD 6.4 million; 2015/16: USD 44.2 million), warranty normalization adjustments (2016/17: USD 25.2 million; 2015/2016: USD 5.5 million) and special items (2016/17: USD 25.7 million; 2015/2016: USD 5.4 million). Adjusted EBITDA is a non-U.S. GAAP financial measure.