The spread of Covid-19 had a significant impact on Bobst Group’s 2020 first half-year figures. The overall business and pandemic situation improved as expected in Q3 2020 but constraints linked to the pandemic situation increased again since end of September.
Full year 2020 sales and operating result (EBIT) are influenced by the international travel and quarantine restrictions which have an impact on the Group’s ability to install machines and recognize sales. If borders between countries remain open and air travel will not further deteriorate, the Group expects full year sales of around CHF 1.3 billion. The Group’s operating result (EBIT) should be positive, even before a favorable one-time operating result (EBIT) impact of around CHF 20 million from the sale of real-estate property in North America, concluded in 2020.
The long-term financial targets of at least 8% operating result (EBIT) and a minimum 20% return on capital employed (ROCE) are confirmed.
Bobst Group SA, Mex, Switzerland
Today’s online conference
An online conference for financial analysts and the media will take place today, 5 November, 2020, at 10.30 am. The presentation along with the translations in French and in German of this press release will be available on the Group’s website investors.bobst.com/publications from 06.00 am.
Inquiries
Media and Investor Relations
Stefano Bianchi
Tel. +41 21 621 27 57
E-mail: investors(at)bobst.com
Disclaimer
Forward looking statements are subject to uncertainties and risk. Actual future results may differ materially from those expressed in or implied by the statements. Some of these uncertainties and risks relate to factors that are beyond BOBST’s ability to control or estimate precisely, such as, in particular, future market conditions, currency fluctuations, or behavior of other market participants. Readers are cautioned not to put undue reliance on forward looking statements, which speak only of the date of this communication. BOBST disclaims any intention or obligation to update and revise any forward looking statements constantly, whether as a result of new information, future events or otherwise.