Continued growth in the first nine months of 2021
Key figures - continuing operations
1 at constant exchange rates
Zurich, October 15, 2021 - For the last six consecutive quarters, Bystronic increased the order intake of the continuing operations based on positive momentum in the industry and strong business development. In the first nine months of 2021, order intake grew by 61.3% to CHF 864.3 million and net sales by 15.9% to CHF 656.8 million. All regions and product categories performed well and contributed to growth. In line with the Strategy 2025, Bystronic grew sales from the service business overproportionally. Increased demand on procurement markets and limited shipping capacities impacted the performance in the third quarter.
Under the assumption that global supply chain constraints do not further accentuate, Bystronic expects sales growth for its continuing operations of around 15% in the 2021 financial year, with an EBIT margin of 8 to 9%.
With the divestments of FoamPartner as part of the Chemical Specialities business unit at the end of March 2021 and the Mammut business unit as of June 30, 2021, Bystronic has successfully completed its transformation. FoamPartner contributed sales of CHF 76.3 million in the first quarter of 2021 and Mammut CHF 107.3 million for the first half of 2021.
Bystronic (SIX: BYS) is a leading global technology company in the field of sheet metal processing. The focus is on the automation of the complete material and data flow of the cutting and bending process chain. The intelligent networking of laser cutting systems and press brakes based on innovative automation, software and service solutions is key to achieving the comprehensive digitalization of the sheet metal processing industry.
Bystronic's operational headquarters are located in Niederönz, Switzerland. Additional development and production sites are located in Sulgen (Switzerland), Gotha (Germany), Cazzago San Martino and San Giuliano Milanese (Italy), Tianjin and Shenzhen (China), and Hoffman Estates (USA). We are active with our own sales and service companies in more than 30 countries and are represented by agents in numerous other countries.
This communication contains forward-looking statements, which are subject to uncertainty and risks. Actual future results may differ materially from those expressed in or implied by these statements. Some of these uncertainties and risks relate to factors that are beyond Bystronic's ability to control or predict precisely, such as, in particular, future market conditions, currency fluctuations, or the behavior of other market participants. Readers are cautioned not to put undue reliance on forward-looking statements, since these relate only to the date of this communication. Bystronic disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other factors.
File: Continued growth in the first nine months of 2021