Last year was very successful for the group (14% increase compared to 2020). But in H1 2022, sales increased further, from CHF 667 million to CHF 773 million. Today, the Swiss franc is slightly more expensive than the dollar and even than the euro
“The increase of consolidated sales was due to higher backlog at the beginning of the year and record high sales for spare parts and services due to very high level of activity at our customers’ plants,” reports Stefano Bianchi, BOBST Group Media and Investor Relations.
“Less travel restrictions caused by the pandemic situation allowed the Group to install more machines and to perform more service interventions than in the same period in 2021.
“Meanwhile, BOBST Group continued to record strong order entries in the first half of 2022, 8% higher compared to the first half year 2021. Order backlog is 40% higher than in previous year.
“The operating result (EBIT) increased to CHF 29 million, compared to CHF 15 million in 2021. The net result reached CHF 22 million, up from CHF 5 million in the previous year.
“Net cash decreased from CHF 154 million at the beginning of the year to a net debt position of CHF 3 million at the end of June 2022.
“Sales and results for the first half-year were according to expectations.
“As announced on 25 February, the Group expects sales of CHF 1.7 to 1.8 billion and an operating result (EBIT) margin of 7% to 8% for the full year 2022.
“Based on the Group’s current assessment it is still possible to reach these targets if some improvements in the supply chain occur in the second half of the year.”