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Investing.com -- Bystronic reported order intake of CHF309 million for the first half of 2025, slightly higher compared to CHF304 million in the same period last year. This figure was roughly in line with analyst expectations of CHF307-314 million.
Revenue reached CHF305 million, representing a 3.5% year-over-year increase in constant currency terms, also broadly matching market forecasts.
The company posted an operating loss (EBIT) of CHF7.9 million, which was better than analyst expectations and a significant improvement from the CHF23 million loss recorded in the first half of 2024. This resulted in an EBIT margin of -2.6%, reflecting the company’s lower cost base.
Net income came in at a loss of CHF12.9 million, slightly below UBS estimates but beating the company-collected consensus.
Order intake showed some regional variations. The agricultural segment in the US was sluggish due to low corn prices, while Southern Europe developed positively. Central Europe remained more restrained. In Asia, the situation stabilized and even improved in China, though from low levels.
Sequentially, order income declined slightly from CHF321 million in the second half of 2024. Operating free cash flow remained negative at CHF23 million, compared to negative CHF27 million in the first half of 2024. Net cash decreased to CHF306 million from CHF324 million at the end of fiscal year 2024.
Looking ahead, Bystronic expects the market situation to remain difficult. If markets recover, the company anticipates order intake in the second half of 2025 to increase slightly compared to the first half. With market stabilization, Bystronic projects slightly lower sales but improved EBIT for the full year 2025.
For the medium term, the company targets an adjusted EBIT margin of 5-7% at sales of CHF800 million.
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