Bystronic Half-Year Report 2023
Increased sales and enhanced profitability
In the first half of 2023, Bystronic achieved solid sales growth. We further reduced the order backlog and benefited from the improved availability of components in the supply chain. Sales improved significantly over the prior year at constant exchange rates. We also improved our profitability.
Smart factory solutions are trending
In recent years, automation solutions have become increasingly important to our customers. In addition to the automation of individual systems, Bystronic has developed an industry-leading software solution. Following the successful market launch of the BySoft Software Suite, Bystronic can now offer its customers a comprehensive portfolio for automated and digital manufacturing.
We are currently implementing smart factory projects with selected customers in Europe and the USA. These systems link laser cutting machines, bending cells and automation solutions with the help of BySoft Software Suite. The result is a completely automated and digital production environment with significantly higher productivity. In the future, we expect continued high demand for smart factory solutions and anticipate up to 50 customer projects annually.
Our enhanced profitability was attributed to volume effects, operating cost reduction measures and improvements in the procurement and transportation markets. These led to the doubling of our operating result.
For the full year 2023, we continue to expect weaker order intake in our machine business due to the economic slowdown, but anticipate a growing service business, and a higher operating result with a slight decline in sales.
One Bystronic Team
Thanks to the outstanding commitment of our employees, we have made considerable progress operationally and strategically. We thank them for their excellent work. We also want to thank our business partners and shareholders for their valued support and the trust they place in us.
Zurich, July 21, 2023
Dr. Heinz O. Baumgartner
Chairman of the Board of Directors
CEO Bystronic Group