Bobst Half-Year Report 2023

• Sales improved by 5% compared to H12022.
• Operating result (EBIT) increased to CHF 46.8 million from CHF 28.6 million in 2022..
• Net result was CHF 41.3 million compared with CHF 21.6 million in 2022.
• Order entries decreased by 22% and backlog decreased by 5% compared to previous year.
• Good second half of the year expected but supply chain related risks may impact results.

During the first half of 2023, consolidated sales amounted to CHF 814.6 million, representing an increase of CHF 42.1 million, or 5.4%, compared with the same period in 2022. Volume and price variances had a positive impact of CHF 66.2 million, or 8.6%.

The increase of consolidated sales was due to the high machine backlog beginning of the year and the absence of travel restrictions and lockdowns caused by the pandemic situation in previous years. This allowed the Group to install more machines and to perform more service interventions than in the same period in 2022.

The operating result (EBIT) reached CHF 46.8 million compared with CHF 28.6 million for the same period in 2022. The improvement in operating result (EBIT) is due to higher sales, improved margins and a better absorption of costs, due to less events negatively impacting the operational performance of the Group. Additional price increases for materials, parts and electricity limited the overall improvement.