16/03/2020 | Technology

Bühler’s new Consumer Foods segment “outperformed expectations”

Bühler has released its financial overview for 2019, outlining how the company has coped with ongoing global market volatility. Turnover was stable at CHF 3.3 bn while order intake decreased by 4.6 % to CHF 3.1 bn. Net profit grew by 7.2  % to CHF 202 m, from the previous year’s CHF 188 m. Bühler further reported an increase in its investments in innovation to a “record high.” The company’s geographic performance remains balanced: With regard to turnover, Asia makes up 34  %, Europe 30 %, Americas 22  % and Middle East & Africa 14  %.

In 2019, Bühler delivered good performance at group level, increasing its earnings before interest and taxes (EBIT) margin to 7.6 % (previous year: 7.1 %). Order intake for Grains & Food continued to grow at 5.2  % to CHF 1.8 bn, as Consumer Foods declined slightly by 1.7 % to CHF 775 m. Regarding turnover, Grains & Food demonstrated robustness at 0.9 % growth to CHF 1.8 bn and Consumer Foods was able to grow its turnover by 2.5 % to CHF 774 m.

The company’s newly-formed Consumer Foods segment, which was created after the acquisition of the Haas Group, made a material contribution to the group’s results. “The new Consumer Foods segment clearly outperformed our expectations,” states Chief Financial Officer Mark Macus.