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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.
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