Bystronic Boosts Profit Amid Sales Dip; Plans Cost Optimization

• Bystronic AG saw a slight decline in sales to CHF 930 million due to the strong Swiss franc, but improved profitability with an EBIT margin increase to 5.8%
• The company plans a cost optimization program to further improve profitability
• Despite a significant decline in order intake, a high order backlog at the beginning of the year supported sales performance
• A dividend of CHF 12 per class A registered share has been proposed
• The company anticipates a challenging market environment in 2024, with expected declining sales and lower profitability
• The planned cost optimization program is expected to result in CHF 50 million in savings over the next two years, with around 210 positions being eliminated.

The next important date, Quarterly report, at Bystronic Namen-Akt (A) is on 29.02.2024.

Bystronic Namen-Akt (A)

-0,18 %

+1,81 %

-14,02 %

-10,13 %

-34,85 %

-58,51 %

-43,08 %

+69,19 %

ISIN:CH0244017502WKN:A117LR

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