Tecan Group announces intent to repurchase up to CHF 120 million worth of shares, supporting continued sales outlook for the year.
Tecan Group AG Announces Share Buyback Program
Tecan Group AG, a leading provider of laboratory instruments and solutions, has launched a CHF 120 million share buyback program in August 2025. This initiative represents approximately 10% of its issued share capital and aims to enhance shareholder value by reducing the share count, boosting earnings per share (EPS), and signalling confidence in the company's long-term prospects.
The buyback program was authorized by the Board of Directors on August 11, 2025, and is scheduled to commence on August 13, 2025, with completion expected no later than August 12, 2027. The repurchased shares will be used for general corporate purposes, including treasury operations and financing potential acquisitions. It is worth noting that the buyback will not impair Tecan's capacity to invest in organic growth and mergers and acquisitions (M&A), a core part of its capital deployment strategy.
Tecan Group AG's financial position is robust, with a strong liquidity position of CHF 140.3 million as of June 30, 2025, and a balanced capital allocation approach between buybacks, organic growth, and acquisitions. The buyback aligns with ongoing efforts in product innovation and expanding market presence, supporting the company's strategic goals.
The decline in net profit for the first half of the year was primarily due to a fall in sales, negative foreign exchange effects, and the translation of US dollar-denominated assets into Swiss francs. Despite this, Tecan Group AG reiterates its outlook for an adjusted EBITDA margin of 17.5% to 18.5% of sales for the full year. Operating profit stood at CHF 23.143 million, down from CHF 25.974 million a year ago.
In terms of financial performance, if higher reciprocal tariff levels announced on July 31, 2025, remain effective from August 7, 2025, through year-end, the estimated gross impact on EBITDA for 2025 would be in the low teens of million Swiss francs for Tecan Group AG. The company has initiated a number of mitigation measures, which are expected to absorb an annualized negative impact in the low to mid-single-digit million Swiss franc range.
Tecan Group AG expects sales in local currencies to be within a range of a low single-digit percentage decline to low single-digit percentage growth for fiscal 2025. Net profit per share was CHF 1.41, compared with CHF 1.75 per share a year ago. Sales moved down to CHF 439.475 million from CHF 467.157 million in 2024. Excluding items, earnings were CHF 33.7 million, compared with CHF 36.5 million last year. The company posted a net profit of CHF 17.923 million for the six-month period to June 30, 2025, less than CHF 22.460 million in the same period last year.
| Aspect | Details | |-------------------|-------------------------------------------------------| | Program Size | CHF 120 million (approx. 10% of issued capital) | | Authorization | Board-approved August 11, 2025 | | Start / End Date | August 13, 2025 – August 12, 2027 | | Purpose | Enhance EPS, signal confidence, reduce share count, treasury use, finance acquisitions | | Financial Position| Strong liquidity (CHF 140.3 million as of mid-2025), robust balance sheet | | Strategic Goals | Support organic growth, M&A, and innovation while maintaining investment-grade rating |
This strategic share buyback reflects confidence in Tecan’s intrinsic value and growth prospects, complementing its broader financial and operational strategy without adversely affecting its investment plans or financial stability.
- In alignment with its strategic goals, Tecan Group AG's share buyback program, worth CHF 120 million, aims to increase earnings per share (EPS) and signal confidence in its long-term prospects, while also being used for treasury operations and potential acquisitions.
- The technology-driven business, Tecan Group AG, has launched a share buyback program, part of a broader financial and operational strategy, that demonstrates their confidence in the company's future, without jeopardizing their investment plans or financial stability.
