Bystronic AG

Latest Results (25.12.2025):

Bystronic AG — results for Q4/2024 and full-year 2024 (reporting period Jan–Dec 2024): the company reported a sharp revenue decline and a swing to a large operating loss driven by weak demand and significant restructuring and impairment charges announced in September 2024. Full-year net sales fell to CHF 648.3m (–30.3% vs 2023), EBIT was a loss of CHF –84.0m (versus +CHF 54.4m in 2023) and the net result was CHF –67.6m. Management recorded CHF 36.6m of restructuring and impairment costs and implemented a wide organizational re‑shape including >600 job reductions and site consolidations.

Top line and demand

Full-year net sales: CHF 648.3m (2023: CHF 930.1m), a 30.3% decline. Order intake fell to CHF 625.4m (2023: CHF 794.0m). Backlog at 12/31/2024: CHF 239.2m (12/31/2023: CHF 252.9m).

Profitability (EBIT and net result)

Operating result (EBIT) swung to a loss of CHF –84.0m in 2024 (2023: +CHF 54.4m). Adjusted EBIT excluding restructuring/impairment was CHF –47.4m. Net result: CHF –67.6m (2023: +CHF 41.9m). Major drivers were lower sales mix and one‑time restructuring/impairment charges.

Restructuring and one‑offs

Restructuring and impairment charges totaled CHF 36.6m (CHF 22.6m restructuring costs and CHF 14.0m impairments). Personnel-related restructuring costs were CHF 17.3m. Measures announced 11 Sept 2024 include a move to divisional structure, >600 position cuts, closure of automation production in Italy and relocation of some China production.

Cash, liquidity and cash flow

Cash and cash equivalents fell to CHF 123.0m (12/31/2023: CHF 224.6m). Company invested CHF 200.0m in marketable securities during 2024; securities on the balance sheet rose to CHF 200.0m (from CHF 124.3m). Operating free cash flow was minimal at CHF 1.2m; reported free cash flow was CHF –74.6m (mainly due to securities purchases).

Balance sheet and equity

Total assets: CHF 921.1m (2023: CHF 1,024.1m). Total equity decreased to CHF 637.3m (2023: CHF 730.6m). Short‑ and long‑term provisions increased (reflecting restructuring), and deferred tax items moved materially; deferred tax assets from loss carryforwards rose to CHF 12.7m.

Operational metrics

Average full‑time equivalents fell to 3,268 (2023: 3,573). Material expenses fell roughly in line with sales; inventories decreased to CHF 200.8m (from CHF 237.9m), with CHF 7.9m of inventory impairments related to restructuring.

Per‑share metrics and shareholder returns

Earnings per share — class A: CHF –32.67 (2023: +20.28); class B: CHF –6.53 (2023: +4.06). Dividends of CHF 24.8m were paid in the year.

Management commentary and next steps

Management highlights the restructuring to reduce cost base and simplify IT/administration (Center of Excellence expansion in Krakow) to restore competitiveness and margins. The company expects ongoing cost measures and site consolidations to drive future efficiency gains; near‑term financials reflect the one‑time costs and weaker market demand.