Aebi Schmidt Holding AG AEBI
Aebi Schmidt Holdings AG is a leading global manufacturer of specialty vehicles. We are headquartered in Switzerland and employ around 5,700 people. We operate in 17 countries through our own sales and service organizations, with more than 70 locations worldwide, including over a dozen production facilities and a dense network of upfitting and service centers. Through established partnerships with dealers, we are represented in more than 90 additional countries globally. Our core offerings include solutions and equipment for snow removal and de-icing, street and runway sweepers, truck and recreational vehicle ("RV") chassis, as well as truck bodies and vehicle upfitting for a wide range of commercial fleets and vocations. Furthermore, we produce specialty vehicles and equipment for municipal and airport maintenance services as well as for the cultivation of steep and challenging terrain.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $1.53B | $1.09B | $1.02B | — |
| Cost of revenue | $1.22B | $857.7M | $808.9M | — |
| Gross profit | $304.1M | $228.2M | $206.7M | — |
| R&D | $26.5M | $19.6M | $17.1M | — |
| SG&A | $180.6M | $124.7M | $117.1M | — |
| Total operating expenses | $231.0M | $159.7M | $147.6M | — |
| Operating income | $73.1M | $68.5M | $59.0M | — |
| Interest expense | $41.8M | $34.1M | $38.0M | — |
| Pre-tax income | $11.2M | $41.7M | $17.3M | — |
| Income tax | $1.5M | $10.9M | $6.1M | — |
| Net income | $9.7M | $30.7M | $11.2M | — |
| EPS, basic | 0.17 | 0.76 | 0.28 | — |
| EPS, diluted | 0.17 | 0.76 | 0.28 | — |
| Shares, diluted (wtd. avg.) | $58.8M | $40.4M | $40.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $98.5M | $65.2M | $42.7M | $56.5M |
| Receivables | $310.8M | $174.0M | — | — |
| Inventory | $346.4M | $231.4M | — | — |
| Total current assets | $877.7M | $518.2M | — | — |
| Property, plant and equipment | $167.9M | $68.6M | — | — |
| Goodwill | $403.1M | $221.2M | $221.2M | — |
| Other intangibles | $334.7M | $175.3M | — | — |
| Total assets | $2.01B | $1.09B | — | — |
| Accounts payable | $234.6M | $93.6M | — | — |
| Short-term debt | $46.9M | $23.3M | — | — |
| Total current liabilities | $461.3M | $267.2M | — | — |
| Long-term debt | $548.0M | $376.6M | — | — |
| Total liabilities | $1.19B | $722.9M | — | — |
| Retained earnings | $57.6M | $61.2M | — | — |
| Total equity | $814.9M | $365.1M | $338.0M | $329.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | $9.0M | $68.8M | $30.1M | — |
| Depreciation and amortisation | $44.2M | $26.4M | $27.2M | — |
| Stock-based compensation | $7.2M | $0 | $0 | — |
| Capital expenditure | $14.2M | $13.6M | $11.7M | — |
| Investing cash flow | $5.8M | -$9.1M | -$21.6M | — |
| Financing cash flow | $16.3M | -$35.4M | -$22.4M | — |
| Dividends paid | $13.4M | $3.2M | $2.1M | — |
| Buybacks | — | $257.0K | $1.1M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-014249.
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