Brief: Bystronic 9M Order Intake At CHF 466.7 Mln

Bystronic AG

16/10/2024 05:35

Oct 16 (Reuters) - BYSTRONIC AG  BYS.S :
    * ONGOING WEAK MARKET DYNAMICS IMPACT ORDER INTAKE
    * DECLINING ORDER INTAKE IN FIRST NINE MONTHS IN ALL REGIONS
    * MINOR IMPROVEMENT OF ORDER INTAKE IN Q3 2024 OVER BOTH
PREVIOUS
QUARTERS
    * IMPLEMENTATION OF FURTHER RESTRUCTURING PROGRAM MEASURES
    * 9M ORDER INTAKE AT CHF 466.7 MILLION, DOWN 25.3% YOY
    * SALES DECLINED 28.3% IN FIRST NINE MONTHS (-25.9% IN
CONSTANT
EXCHANGE RATES) TO CHF 488.4 MILLION
    * TO ELIMINATE ABOUT 500 POSITIONS WORLDWIDE
    * TO CLOSE AUTOMATION SOLUTIONS PRODUCTION IN ITALY
    * ORDER INTAKE DECLINES IN ALL REGIONS IN FIRST NINE MONTHS

Source text for Eikon:  ID:nEQ5HBmkba 
Further company coverage:  BYS.S 

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