EN - March 27, 2020 - Landis+Gyr update on current market conditions and COVID-19
(WorldNews Switzerland)

Media Release Landis+Gyr update on current market conditions and COVID-19 Zug -March 27, 2020 - Landis+Gyr (LAND.SW) today provided the following comments on current market conditions and COVID-19. On January 27, 2020, Landis+Gyr announced that, with the continuing regulatory delays in the U.S., it expected the results for the financial year 2019 (ending 31 March 2020) to be around the lower end of the guidance range provided for net revenue (1-4% revenue growth in constant currency), adjusted EBITDA (USD 240-255 million) and free cash flow (excluding M&A) (USD 120-135 million). Landis+Gyr has started to experience some impacts related to COVID-19 and some further weakness in demand in...