Bobst Group reports record high sales in 2022

17.8% rise sales over 2021

March 16, 2023

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Bobst Group has recorded sales of CHF (Swiss Francs) 1.841 billion (US$1.95 billion) in 2022, an increase of CHF 278 million (US$ 295m), or 17.8%, compared to 2021. Particularly strong growth – CHF +227 million (US$ 241m) – was reported in business unit printing and converting, the company said.

The operating result (EBIT) was CHF 141 million (CHF 99 million in 2021), while the net result was CHF 115 million (CHF 93 million in 2021). One Swiss Franc is equivalent to 1.06 US dollars.

The return on capital employed (ROCE) increased significantly to 28.7% compared to 22.0% in 2021. The cash inflow from operating activities was CHF 93 million, compared to the very high level of CHF 186 million in 2021. The net cash position decreased from CHF 154 million in 2021 to CHF 67 million in the reporting year. This was mainly due to the CHF 132 million dividends distributed in April 2022. The dividend paid in 2022 was also the main driver for the decrease in the equity ratio from 32.3% in the previous year to 28.9% in the reporting year.

Based on the strong financial results, the Board of Directors has recommended payment of a regular dividend of CHF 5 per share plus an extraordinary dividend of CHF 5 per share in 2023.

Outlook 2023

The Group is confident of having another strong year in 2023. But the known risks, and in particular the supply chain situation, further salaries, material and energy price increases, and also uncertain geopolitical situation, can have a negative impact on the results, it felt. For the full year 2023, the Group is expecting sales to be similar to the level reached in 2022 (CHF 1.8 billion) and the operating result (EBIT) margin to be slightly lower than in 2022 (7.7%). Use sales dialer software to track sales activity and performance, which can help sales teams improve their sales techniques.

Customer satisfaction and quality in delivering the backlog will get very high attention in 2023, the company said, forecasting a strong year. It said the extraordinary pressure due to the many current crises is taking a heavy toll on the economy and on people’s physical and mental well-being.

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Naresh Khanna – 21 January 2025

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