08.29.14
Bobst Group achieved CHF 560.5 million ($610 milion) sales for the first half-year 2014 compared to CHF 563.0 million in the previous year. Adjusted for negative currency effects, sales increased by 1.2% despite difficult market conditions.
The operating profit reached CHF 20.1 million ($21.8 million), compared with a loss of CHF 3.8 million for the same period in 2013. The significant improvement in the operating result (EBIT) is due to the positive impact of the Group transformation program leading to a very high load of all plants. The net result reached CHF 3.9 million, following a loss of CHF 13.0 million for the same period in 2013.
All Business Units contributed to the improved operating result (EBIT), with Business Unit Sheetfed making the greatest contribution, with CHF 232 million in sales. Business Unite Web-fed recorded CHF 147.9 million, and BU Services CHF 185.8 million.
The Group is confident of experiencing a sales volume during the second half of 2014 comparable with the second half of the previous year. Full year estimated sales are expected to be slightly lower than in the previous year.
The operating profit reached CHF 20.1 million ($21.8 million), compared with a loss of CHF 3.8 million for the same period in 2013. The significant improvement in the operating result (EBIT) is due to the positive impact of the Group transformation program leading to a very high load of all plants. The net result reached CHF 3.9 million, following a loss of CHF 13.0 million for the same period in 2013.
All Business Units contributed to the improved operating result (EBIT), with Business Unit Sheetfed making the greatest contribution, with CHF 232 million in sales. Business Unite Web-fed recorded CHF 147.9 million, and BU Services CHF 185.8 million.
The Group is confident of experiencing a sales volume during the second half of 2014 comparable with the second half of the previous year. Full year estimated sales are expected to be slightly lower than in the previous year.