Investing.com -- Lem Holding, listed as LEHN, on Tuesday reported a 24.4% decrease in sales for the fiscal year 2024/25.
The company’s sales fell to CHF 306.9 million, down from CHF 405.8 million in the 2023/24 fiscal year. The decline was slightly less, 23.5%, when calculated at constant exchange rates.
Despite the overall decrease, the company noted a slight uptick in Q4 2024/25 sales, which were 2.3% higher than those in Q3 of the same fiscal year.
Bookings for the year totaled CHF 262.2 million, marking a 7.8% increase from the previous year’s level of CHF 243.3 million. This increase was particularly significant in China and in the automotive sector.
However, the company’s gross profit margin saw a slight decrease, moving from 46.6% to 43.2%. In addition, earnings before interest and taxes (EBIT) fell by 76.7% to CHF 18.9 million, down from CHF 81.1 million. This resulted in an EBIT margin of 6.1%.
Lem Holding’s free cash flow for the fiscal year amounted to CHF 14.0 million, a decrease from CHF 42.8 million in the previous year.
In light of these results, the company’s board of directors has proposed not to pay a dividend for the 2024/25 financial year.
Despite the challenges faced in the 2024/25 fiscal year, Lem Holding has reported encouraging signs of stabilization in the current year.
The company highlighted a strong rebound in China and in automotive bookings as positive indicators for the future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.