Carlo Gavazzi Holding AG (GAV) H2 24/25 earnings summary

Executive summary

• Sales and profit declined due to customer excess inventories and challenging market conditions.

• Relocation to a new site in China and opening of an additional plant in Mexico were completed.

• Balance sheet was strengthened despite adverse market trends.

Financial highlights

• Revenue from sale of goods fell 24.2% year-over-year to CHF 130.5 million.

• EBIT dropped 73.5% to CHF 6.7 million; net profit decreased 78.1% to CHF 4.1 million.

• EBITDA declined 61.4% to CHF 12.3 million year-over-year.

• Bookings decreased 19.4% to CHF 108.0 million.

Outlook and guidance

• Global industrial automation markets are showing signs of post-pandemic recovery.

• Building automation and energy efficiency markets expected to improve in the second half of fiscal 2025/26.

• Operational and supply chain structures are being regionalized to manage geopolitical and tariff risks.