This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
Bobst Group expects to achieve sales of CHF 763 million in H1 2018 compared to CHF 643 million in the same period in 2017. The H1 2018 results will not develop in line with sales, but are expected to be 10-15% below the levels in first half of 2017, when the Group achieved CHF 40 million operating profit (EBIT) and CHF 28 million net result.
Based on strong sales growth and a good overall market situation, the Group has accelerated some measures to:
Invest in quality upgrades on some new products launched in recent years;
Launch a range of digital printing products;
Strengthen its activities in Internet-of-Things (IoT);
Increase its sales and service network, and capabilities in growing markets.
"All these measures, combined with an unfavorable product mix in Business Unit Web-fed and higher than expected restructuring efforts at one of our German entities, have a significant negative impact on the Group's 2018 profitability," said Stefano Bianchi, Media and Investor Relations, Bobst.
Print Page
Email to a Friend
