Business · Companies · 2 hrs ago
LEM lifts first-half sales and profit as orders rise
Swiss electronics maker LEM increased first-half sales by 17.7% to 174.6 million francs in the six months to September.
The company, based in western Switzerland, also said orders rose 34.4% to 201.7 million francs compared with a year earlier.
Demand for equipment used in data centres helped its automation and energy distribution businesses grow, while its rail-related business was the only area to record lower sales.
Operating profit more than doubled to 25.7 million francs, and net profit nearly tripled to 19.2 million francs.
LEM said tighter control of prices, operational improvements and stable general costs more than offset higher purchasing and staff costs and continued price pressure.
For the full 2026/27 financial year, LEM expects sales of 310 million to 330 million francs and an operating margin in the low to mid-teens.
It also kept its medium-term goals of 4% to 7% average annual sales growth at constant exchange rates and an operating margin of 10% to 15%.
LEM reported 17.7% higher sales and more than double the operating profit in the first half of 2026/27.
Sales reached 174.6 million Swiss francs, while orders rose 34.4% to 201.7 million francs.
The company said demand for data-centre applications helped drive growth in Automation and Energy Distribution & High Precision.
Net profit was 19.2 million francs, nearly three times the year-earlier figure.
LEM expects full-year sales of 310 million to 330 million francs and confirmed its medium-term targets.
- Who
- LEM, a Swiss electronics-components manufacturer.
- What
- It reported higher first-half sales, orders and profit.
- When
- The first half of 2026/27, from April to September; results were reported on November 10, 2026.
- Where
- Les-Ouates, Switzerland.
- Why
- Demand for applications including data-centre cooling, ventilation and power-supply systems supported growth. LEM also cited price discipline and operational improvements.
This story does not have two clearly opposing sides.
LEM recorded first-half sales of 174.6 million Swiss francs and orders of 201.7 million francs.
LEM reported its first-half results and gave full-year sales and EBIT margin expectations.
- First-half sales
- 174.6 million Swiss francs, up 17.7%
- Orders
- 201.7 million Swiss francs, up 34.4%
- Operating profit
- 25.7 million Swiss francs; EBIT margin was 14.7%
- Net profit
- 19.2 million Swiss francs
- Full-year 2026/27 sales outlook
- 310 million to 330 million Swiss francs