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Investing.com -- Shares of Accelleron Industries AG (SIX:ACLN) fell more than 3% on Wednesday after the Swiss turbocharger maker reported a sharp rise in first-half profit but lowered its full-year margin outlook due to new U.S. tariffs on Swiss goods.
The company cut its EBITA margin outlook to 24% to 25%, down from a previous forecast of 25% to 26%.
The company said revenues for the first six months of 2025 rose 20.3% to $608 million, while operational EBITA increased 20.8% to $154.9 million.
Net income climbed 29.5% to $114.7 million. Free cash flow conversion improved to 70.3%, compared with 34.4% a year earlier.
In its Medium & Low Speed segment, revenues rose 18.9% to $458.8 million. Accelleron said demand was strong for marine retrofits and upgrades, while orders for fuel injection systems remained high.
The company also reported renewed activity in medium-speed power generation projects and above-average demand for turbochargers in diesel-electric locomotives. Segment operational EBITA rose 19.7% to $116.2 million.
The High Speed segment posted revenues of $149.2 million, up 24.6%. The company cited demand in U.S. data center backup and prime power solutions, while gas compression was in line with expectations.
Operational EBITA increased 24.4% to $38.7 million, though the margin eased by 0.1 percentage points to 25.9%.
Chief executive Daniel Bischofberger said the company faces “multiple unknowns” following the new 39% tariff on Swiss goods but will adjust pricing, reconfigure value chains and improve efficiencies to protect its U.S. business.
Accelleron reaffirmed its 2025 revenue guidance, expecting constant-currency growth of 16% to 19%.