Sales and profits down on same period last year
Bobst Group recorded first half-year sales of CHF 736.8 million for the first six months of 2019, compared to the high CHF 762.5 million in the first half of 2018. The operating result (EBIT) decreased to CHF 14.8 million compared to CHF 35.2 million in 2018. The net result reached CHF 7.4 million, down from CHF 24.9 million in previous year.
The Group says that it is facing signs of a slowdown and an increased pressure on prices. Order entries decreased by 15% and the order backlog is 9% lower than in previous year. The 2019 full year profit guidance is therefore reduced. The Group expects to achieve an operating result (EBIT) margin of less than 5% for the full year 2019 (compared to 6-7% as announced in March of this year).