Bobst
No guidance for the full year Photo: Bobst

Bobst Group has said it expects the first half-twelvemonth loss due to Covid-19 lock-downwards impact. The company has also announced a modify in the group executive committee. The spread of Covid-19 has caused major disruptions in the global supply concatenation and has impacted the international trade and service business concern in recent months. Most machine installations and service interventions scheduled for the second quarter of 2022 could not be performed as planned due to travel bans, which has a pregnant impact on revenue recognition, Bobst said.

The 2022 sales will be fifty-fifty less balanced than in previous years affecting negatively the first half-yr profitability. Bobst Group expects its sales for the start half of 2022 to be more than than CHF 200 one thousand thousand lower than the CHF 737 meg accomplished in the same catamenia in 2019. The operating result (EBIT) for the first half of 2022 is expected to be effectually CHF l to lx million lower than the CHF 15 million achieved in the same catamenia of 2019.

Although countries are reopening borders, there is yet a lot of uncertainty mainly linked to air travel and the overall economical and pandemic situation. Information technology is therefore not possible at this time to give reliable guidance for the Group's full-year revenues and results, it said.

Change in the Grouping Executive Commission

After 9 years of service in Bobst Group's Executive Committee, Philippe Milliet, Head of Business Unit of measurement Sail-fed, decided to take on new mandates and to re-focus his activities on business concern outside of Bobst in the near future.

Constructive 1 July 2020, Jean-Pascal Bobst, Group CEO, will head the Business organisation Unit Sheet-fed ad interim.

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