Bühler has reported its 2022 financial results. At the group level, order intake rose 8.7% to CHF 3.3 billion and order backlog was robust at CHF 2.1 billion. Turnover increased by 10.3% to CHF 3 billion. EBIT improved by 36% to CHF 199 million, reflecting an EBIT margin of 6.7% (prior year: 5.4%). Net profit went up 35.7% to CHF 154 million (prior year: CHF 113 million). With these results, Bühler has largely managed to reach pre-pandemic business levels.
“The impressive dedication of our employees worldwide helped us to be agile, resilient, and creative, even in the face of increasing volatility and uncertainties,” said Bühler CEO Stefan Scheiber.
All regions contributed to Bühler’s turnover growth, with the Americas, Middle East, Africa, and India standing out. Regional growth rates and turnover shares were as follows: Asia 6% growth to 32% of the total share of turnover; Europe 3% growth to 30%; North America 17% growth to 17% and South America 26% growth to 5%; Middle East Africa and India 24% growth to 16%. With these successes in important markets, Bühler’s global distribution of turnover is very robust and balanced.
In 2022, Bühler’s financial position improved further, with the equity ratio increasing by 2.6% to 49.8% (prior year: 47.2%). An important milestone was the repayment of the first tranche of the corporate bond of CHF 180 million in December. In 2017, Bühler raised capital on the financial markets for the first time in the form of a CHF 420 million dual tranche bond to invest in its growth and innovation capabilities. The second tranche of the bond of CHF 240 million is due in 2026.
2022 also marked an important milestone for Bühler in terms of sustainability as it announced the next level of targets with more tangible goals and action plans. Bühler has developed a pathway to achieve a 60% reduction of greenhouse gas emissions in its operations by 2031 and has committed to having solutions ready to multiply by 2025 that reduce energy, waste, and water by 50% in the value chains of its customers.
To keep the pace of innovation high, expenses for research and development (R&D) remained stable at CHF 141 million representing 4.7% of group turnover in line with the Bühler strategy to be the technology leader of the selected industry segments. Continuing its innovation promise to sustainably transform value chains, Bühler launched some 40 new products, including six new core products, in 2022.
“Overall, we are convinced that Bühler is well prepared to take another positive step in developing the business successfully in 2023, even in a very dynamic market environment,” said Scheiber.
The full annual report can be accessed here.
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