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    LAND   CH0371153492

LANDIS+GYR GROUP AG

(LAND)
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Delayed Swiss Exchange  -  05/20 11:30:39 am EDT
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Landis+Gyr : Invests R$ 2 million in Environmental Stress Simulation Laboratory and Expands its AMI Equipment Testing Capacity in Brazil

12/09/2021 | 09:52am EDT

This investment represents an important evolution in Landis+Gyr's commitment to product quality and reliability.

CURTIBA, Brazil - December 9, 2021 - Landis+Gyr (SIX: LAND) announced an investment of R$ 2 million in its Brazil product testing facilities to expand the capacity to test and simulate environmental adversities in environmental stress screening laboratory. The main objective is to maintain long-term product performance in harsh conditions and increase the value of AMI (Advanced Metering Infrastructure) devices.

With this investment in Brazil, Landis+Gyr will be able to test products in its own laboratory using an environmental stress screening methodology to anticipate the occurrence of defects caused by various forms of environmental stress, such as transport, unusual installations, and storage. This new level of testing will help mitigate possible failures that would cause anomalies in the field.

"By improving and expanding our testing capacity, Landis+Gyr reinforces its commitment to equipment and device quality," said Oscar Villalobos, Vice President and Country Manager for South America at Landis+Gyr. "We are testing beyond regulatory requirements to ensure increased benefits for our customers and high field reliability. This investment reinforces our commitment to the electricity distribution market in Brazil and our regional leadership in AMI technology in South America."

About Landis+Gyr

Landis+Gyr is a leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios, we deliver innovative and flexible solutions to help utilities solve their complex challenges in Smart Metering, Grid Edge Intelligence and Smart Infrastructure. With sales of USD 1.4 billion in FY 2020, Landis+Gyr employs around 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

Media Contact

Landis+Gyr

Dan Jacobson | Regional Contact North America

Senior Marketing Communications Manager

Dan.Jacobson@landisgyr.com

Disclaimer

Landis&Gyr Group AG published this content on 09 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 14:51:07 UTC.


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Financials (USD)
Sales 2022 1 482 M - -
Net income 2022 87,1 M - -
Net Debt 2022 86,0 M - -
P/E ratio 2022 20,7x
Yield 2022 4,07%
Capitalization 1 577 M 1 577 M -
EV / Sales 2022 1,12x
EV / Sales 2023 1,05x
Nbr of Employees 6 500
Free-Float 88,9%
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Number of Analysts 6
Last Close Price 54,69 $
Average target price 66,48 $
Spread / Average Target 21,6%
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Managers and Directors
Werner Lieberherr Chief Executive Officer
Elodie Cingari Chief Financial Officer & Executive Vice President
Andreas Vicente Umbach Executive Chairman
Eric A. Elzvik Lead Independent Director
Andreas Stanley Spreiter Independent Director
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