In a risky and unstable business environment in 2022, Bühler increased its business and increased profits, according to a company statement. While further strengthening its financial position with a strong equity ratio and repaying the first installment of its bond, the company was able to mitigate the consequences of the conflict in Ukraine, strained supply chains, and skyrocketing energy and raw material prices.
The business kept making investments in new collaborations, education, and training. With a sizable order backlog of more than CHF2.1bn and a wealth of market potential, the company’s objective is to maintain its upward trend in 2023.
At the group level, order intake rose 8.7% to CHF3.3n and order backlog was robust at CHF2.1bn. Turnover increased by 10.3% to CHF3.0bn. EBIT improved by 36.0% to CHF199m, reflecting an EBIT margin of 6.7%. Net profit went up 35.7% to CHF154m. With these results, Bühler has largely managed to reach pre-pandemic business levels.
“The impressive dedication of our employees worldwide helped us to be agile, resilient, and creative, even in the face of increasing volatility and uncertainties,” according to Bühler CEO Stefan Scheiber.
To further increase the value offered to customers, Bühler will integrate its Consumer Foods segment into the Grains & Food segment and will strengthen its focus on its service offerings for the whole Group. Building one harmonized food and feed segment will allow for more direct interfaces to customers and increase the efficiency of processes. It will be led by Johannes Wick, CEO of Grains & Food. Germar Wacker, who headed the Consumer Foods segment, will take up new opportunities outside of Bühler. He will support Johannes Wick in the transition and leave the company at the end of Q1 2023. “We thank Germar Wacker for his massive contribution in making the acquisition of the Haas Group a success and wish him all the best for his personal and professional future,” says CEO Stefan Scheiber.
To accelerate the positive development of Bühler’s service business, Samuel Schär, who held the positions of CEO Advanced Materials and Chief Services & Sales Officer, will fully focus on leading the global Services & Sales organization going forward.
Find out more at: https://www.buhlergroup.com/content/buhlergroup/global/en/homepage.html