LEM Reports Significant Sales Decline in Q1 2024/25 with Signs of Stabilization in China

Geneva, 26 July 2024 – LEM HOLDING SA (SIX: LEHN) announced a 27.9% decline in sales for the first quarter of 2024/25, reaching CHF 81.0 million compared to CHF 112.3 million in the previous year. The company saw significant declines in EMEA, Rest of Asia, and the Americas, while China experienced a 20.3% drop but indicated signs of stabilization.

Bookings also decreased to CHF 65.1 million from CHF 81.0 million, with the book-to-bill ratio at 0.80. EBIT fell by 71.4% to CHF 7.5 million, with a margin of 9.3%. Net profit dropped to CHF 4.8 million, leading to a net profit margin of 5.9%.

By business segment, Automation sales fell 31.1%, Automotive dropped 27.2%, and Renewable Energy declined 32.9%. Despite these setbacks, LEM won new projects and expects sales to improve in the second half of the financial year, with Q2 2024/25 projected to be on a similar level to Q1.