Leer en español
Читать на русском
The first company had CHF 1.841 billion in sales (up 17.8% from 2021) and EBIT of CHF 141 million (7.7% of sales) /currently CHF 1 = EUR 1/. The second company’s revenue was EUR 1.186 billion (up 6.3%), and EBIT was EUR 22 million (about 2% of sales)
“BOBST Group reports record high sales and strong financial results in 2022,” informs Stefano Bianchi, Media and Investor Relations, BOBST.
“The group reached sales of CHF 1.841 billion in 2022, an increase of CHF 278 million, or 17.8%, compared to 2021, with a particularly strong growth (CHF +227 million) for Business Unit Printing & Converting. The operating result (EBIT) was CHF 141 million (CHF 99 million in 2021), while the net result was CHF 115 million (CHF 93 million in 2021). The return on capital employed (ROCE) increased significantly to 28.7% compared to 22.0% in 2021.
“Achieving such great results was only possible thanks to highly committed employees and great support from most suppliers and customers. We recognize that customer satisfaction suffered from lead times for new equipment becoming too long. The year-end backlog for both machines and services is nearly 20% higher than at the end of 2021.
“The cash inflow from operating activities was CHF 93 million, compared to the very high level of CHF 186 million in 2021. The net cash position decreased from CHF 154 million in 2021 to CHF 67 million in the reporting year. This was mainly due to the CHF 132 million dividends distributed in April 2022. The dividend paid in 2022 was also the main driver for the decrease in the equity ratio from 32.3% in the previous year to 28.9% in the reporting year.
“The group is confident of having another strong year in 2023, but the known risks, and in particular the supply chain situation, further salary, material and energy price increases, but also the uncertain geopolitical situation, can have a negative impact on the group’s results. For the full year 2023 the group is currently expecting sales to be similar to the level reached in 2022 (CHF 1.8 billion) and operating result (EBIT) margin to be slightly lower than in 2022 (7.7%).”
“It became clear from the third quarter in particular that we were able to make the right strategy adjustments very quickly in response to the changed market environment,” states Dr Andreas Pleßke, CEO at Koenig & Bauer. “In addition, we intensified our already successful P24x efficiency enhancement programme.”
Despite a challenging environment characterised by supply-chain constraints and an associated increase in material and energy costs, which it was not possible to pass on to customers in full, the EBIT of EUR 22 million exceeded the company’s own forecast of EUR 15-20 million. It was additionally spurred by the accelerated implementation of the P24x efficiency improvement programme. At EUR 1.186 billion, the group revenue reached the upper end of the projected range of EUR 1.160 – 1.190 billion. The operating EBIT margin therefore came to 2%.
Order intake amounted to EUR 1.3 billion at the end of 2022 (previous year: EUR 1.29 billion), thus meeting expectations. The order backlog was valued at around €950 million at the end of 2022, equivalent to an increase of roughly €807 million compared to the previous year.
For the current year 2023, Koenig & Bauer expects revenue of around EUR 1.3 billion, accompanied by an EBIT margin of roughly 3%.
gofro.expert
