R&S Group on Thursday released second-half fiscal 2025 results that outperformed analyst expectations on several key profit metrics and reiterated its medium-term financial ambitions.
For the second half, the Swiss transformer manufacturer recorded EBITDA of CHF43 million, above the CHF40 million consensus. The reported EBITDA margin was 20.5%, which the company said equates to a 19.7% margin after adjusting for a one-off gain. Second-half EBIT reached CHF39 million, beating the CHF34 million consensus, and net profit for the period was CHF29 million versus the CHF26 million analysts had forecast.
On a full-year basis, R&S Group posted an adjusted EBITDA margin of 20.5%, exceeding both the consensus estimate of 20.3% and the companys own prior guidance that had targeted slightly above 20%.
The company confirmed previously disclosed operational figures for the period: second-half orders of CHF232 million, group sales of CHF209 million and a backlog of CHF326 million. R&S Group said a positive fourth quarter 2025 supported improved operating margins in the second half. The one-off gain noted in results was attributed to a pre-tax profit on the sale of non-core electrical switches.
R&S Group did not issue explicit guidance for fiscal 2026. Instead, it reaffirmed its medium-term targets, which call for organic growth of 8% to 12% and EBITDA margins in the 19% to 21% range. Market consensus for fiscal 2026 projects sales of CHF443 million and an adjusted EBITDA margin of 19.5%.
The company manufactures and supplies transformers from six production sites located in Switzerland, Italy, Poland and the United Arab Emirates.
Takeaway - R&S Group reported second-half and full-year margins that outpaced analyst expectations, confirmed key order and sales metrics, and kept its medium-term growth and margin objectives intact, while a non-core disposal contributed a one-off gain.