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| 2009: Turnover of CHF 1.055 billion - Important consolidated losses for 2009 confirmed - Beginning of 2010: backlog level better than beginning 2009 - Transformation program on track according to plan |
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2009 started with a weak backlog. During the first half-year, the order entries remained at the very low level experienced since September 2008. During the second half-year, a slight increase in order intake was noticed. The consolidated turnover for the full year 2009 amounts to CHF 1.055 billion, a decrease of CHF 578 million or -35.4% compared to 2008. This evolution is due to the following elements:
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In million CHF |
% |
| Decrease in volume |
-566 |
-34.7 |
| Increase due to the change in scope of consolidation |
25 |
1.5 |
| Exchange rate variance |
-37 |
-2.2 |
| Decrease in turnover |
-578 |
-35.4 | |
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The geographical distribution shows a general decrease in all zones, Europe and the Americas being the most affected by the crisis.
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SALES
In million CHF |
2009 |
2008 |
Variance |
| Europe |
559 |
53.0% |
921 |
56.4% |
-39.3% |
| Americas |
251 |
23.8% |
399 |
24.4% |
-37.1% |
| Asia & Oceania |
217 |
20.6% |
274 |
16.8% |
-20.8% |
| Africa |
28 |
2.6% |
39 |
2.4% |
-28.2% |
| Total |
1'055 |
100.0% |
1'633 |
100.0% |
-35.4% | |
The turnover shown by business area emphasizes the difficult year for the Group’s three business areas.
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SALES
In million CHF |
2009 |
2008 |
Variance |
| Folding Carton |
459 |
43.5% |
629 |
38.5% |
-27.0% |
| Corrugated Board |
326 |
30.9% |
596 |
36.5% |
-45.3% |
| Flexible Materials |
266 |
25.2% |
400 |
24.5% |
-33.5% |
| Others |
4 |
0.4% |
8 |
0.5% |
-50.0% |
| Total |
1'055 |
100.0% |
1'633 |
100.0% |
-35.4% | |
Spare parts and Services also show a decrease compared with the previous year. Machines represent 67.4% of the total turnover (2008: 75.5%), whereas Spare parts & Services represent 32.6% (2008: 24.5%).
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SALES
In million CHF |
2009 |
2008 |
Variance |
| Machines |
711 |
67.4% |
1'233 |
75.5% |
-42.3% |
| Services |
67 |
6.3% |
73 |
4.5% |
-8.2% |
| Spare parts |
277 |
26.3% |
327 |
20.0% |
-15.3% |
| Total |
1'055 |
100.0% |
1'633 |
100.0% |
-35.4% | |
The consolidated net result will be published on 30 March and will, as already announced, show a significant loss. The important volume decrease, the low capacity utilization and the restructuring costs negatively influenced the 2009 results.
2010 started with a slightly stronger backlog than the one at the beginning of 2009, which generates a better utilization of the Group production capacities for the first months of the year. At the present level of order intake, the Group should reach a turnover of about CHF 1.25 billion in 2010.
The present economic situation still requires flexibility and rapid reactions to the evolution of the demand while trying to maintain, as much as reasonably possible, the Group’s key competences and values. The Group transformation program is progressing according to plan.
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Bobst Group SA, Lausanne/Prilly, 11 February 2010
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Teleconference
A teleconference for financial analysts and the media will take place today, 11 February 2010, at 15.30 CET. The taped recording will be available shortly after the teleconference until close of business on Friday 12 February 2010:
- 0800 358 7735 (UK)
- +44 20 7111 1244 (Europe)
- 1866 932 5017 (toll free USA)
followed by the access code: 1160542#
From 12 February onwards, the recording will be available on our website www.bobstgroup.com/investors.
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Inquiries
Investor Relations: Phone +41 21 621 2560 or e-mail to investors@bobstgroup.com
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 Forthcoming Releases in 2010 |
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