📊 Financial results Q3 2025
- Turnover: $235.7 million (+13% compared to the previous year); adjusted ("base") $224.5 million (+8%)
- Operating result: $46.1 million (+13%), adjusted $46.6 million (+15%)
- Earnings per share (EPS): $1,19 (+10 %)
- Cash flow from operating activities$51.3 million
- Dividend: 18% increase to $1.60/year - 33rd consecutive year of dividend increase
🚰 Business development
- Water Supply: +14 % sales growth, +8 % adjusted - driven by digital smart water solutions (e.g. BEACON® SaaS, ultrasonic meters)
- Flow measurement: +4 % - growth in water-related markets, declines in non-water-related applications
- Gross margin: 40.7 % (+50 basis points) - structural improvements and price adjustments offset customs costs
🧾 Costs & taxes
- SEA costs: $49.8 million (+$6.5 million), incl. SmartCover integration and share price-related compensation gain
- Tax rate: 26.1 % (previous year: 25.3 %)
🔮 Outlook & strategy
- Growth forecast: Expected average sales growth in the high single-digit range over 5 years
- Gross margin target: Increase in normal margin from 38-40% to 39-42
- SmartCover integration: On track to realize sales and cost synergies
- Investment capability: Strong free cash flow enables innovation and strategic acquisitions