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    LAND   CH0371153492

LANDIS+GYR GROUP AG

(LAND)
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Delayed Swiss Exchange  -  05/19 11:30:34 am EDT
53.10 CHF   -0.28%
05/06Landis+Gyr Plans Acquisition
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05/05TRANSCRIPT : Landis+Gyr Group AG, Q4 2022 Earnings Call, May 05, 2022
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05/05Landis+Gyr Swings To FY22 Profit On Revenue Growth; Board Ups Dividend
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Landis+Gyr : and National Grid Sign Contract for Landmark Grid Modernization Project

07/05/2021 | 10:53am EDT

Cham - Landis+Gyr Technology Inc., a subsidiary of Landis+Gyr Group AG (SIX: LAND), has signed a 20-year contract with National Grid for a state-of-the-art grid modernization project that is set to open the next wave of smart metering capabilities for utilities.

National Grid will be among the first to deploy Landis+Gyr's Revelo meter, the only residential meter to offer high-resolution sensing of streaming waveform data. The feature unlocks the potential to have real-time load disaggregation and decision making at the grid edge.

National Grid will deploy approximately 1.7 million advanced electricity meters and 640,000 smart gas meter modules across its Upstate New York service territory. Landis+Gyr's Gridstream Connect platform will provide networking, edge intelligence at meters and devices, enhanced access to energy usage information and grid analytics.

'National Grid will be one of the first utilities to take the next step toward future grid capabilities with this deployment,' said Prasanna Venkatesan, Landis+Gyr's Executive Vice President of the Americas region. 'With next generation metering capabilities, interoperable networking capabilities and leading-edge applications for consumers, this project will verify the potential grid edge intelligence brings to a cleaner and more resilient energy future.'

Additionally, National Grid plans to utilize interoperable network components that work seamlessly with the Gridstream Connect platform and extend options for building out routing infrastructure.

The next generation of smart grid technology is a game changer for customer control and convenience, enabling advanced meters to communicate over multiple networks, stream high-resolution data and use pattern recognition to make remote decision making possible for real-time management of residential solar, EV charging and other loads.

Contact:

Eva Borowski

Tel: +41 41 935 6396

Email: Eva.Borowski@landisgyr.com

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 more than 5,000 people in over 30 countries across five continents, with the sole mission of helping the world manage energy better.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LANDIS+GYR GROUP AG -0.28% 53.1 Delayed Quote.-13.77%
NATIONAL GRID PLC -3.09% 1207 Delayed Quote.17.52%
All news about LANDIS+GYR GROUP AG
05/06Landis+Gyr Plans Acquisition
CI
05/05TRANSCRIPT : Landis+Gyr Group AG, Q4 2022 Earnings Call, May 05, 2022
CI
05/05Landis+Gyr Swings To FY22 Profit On Revenue Growth; Board Ups Dividend
MT
05/05Landis+Gyr Announces FY 2021 Financial Results
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05/05Landis+Gyr Group AG Announces Resignation of Dave Geary as Member of the Board of Direc..
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05/05Landis+Gyr Group Ag Proposes Dividend
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05/05Landis+Gyr Group Ag Provides Earnings Guidance for Fiscal Year 2022
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05/04Landis+Gyr Applauded by Frost & Sullivan for Offering Customer Value Additions and Tech..
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04/25LANDIS+GYR : Publication of FY 2021 Financial Results – Investor Webcast / Conferenc..
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04/22Landis+Gyr Becomes Part Of Science-based Target Initiative
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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 1 576 M 1 576 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 54,65 $
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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