Bystronic (BYS) H2 2025 earnings summary

Executive summary

• Order intake rose 5% at constant exchange rates to CHF 634.5 million, while net sales declined 2.2% year-over-year at constant exchange rates, reaching CHF 613.2 million.

• Profitability improved significantly, with adjusted EBIT loss reduced by 76.4% versus 2024, driven by restructuring and cost reductions, and adjusted EBIT (excluding one-offs) improving to CHF 47 million.

• Restructuring delivered CHF 60 million in annualized savings, with 600+ FTEs reduced and 85% of savings realized in 2024/25.

• Strategic focus shifted toward Smart Factories, automation, and larger system projects, positioning for future market recovery.

• Strong cash position maintained, with cash and securities at CHF 330.7 million and an equity ratio of 70% at year-end.

Financial highlights

• EBIT improved to CHF -19.8 million from CHF -84.0 million in the prior year, reflecting lower operating costs.

• Net result improved to CHF -28.9 million from CHF -67.6 million year-over-year.

• Operating free cash flow was CHF -18.8 million, impacted by restructuring-related outflows.

• Dividend maintained at CHF 4.00 per class A registered share, with a total payout of CHF 8.3 million proposed.

• Regional sales mix: 50% Europe, 35% North America, 15% APAC plus China.

Outlook and guidance

• No significant improvement in the overall market environment expected for 2026; focus remains on project business and Smart Factories.

• Net sales anticipated to increase in 2026, supported by a higher backlog and contributions from Bystronic Rofin.

• Midterm EBIT margin guidance of 5–7% reiterated.

• Profitability in 2026 depends on timing of net sales recognition from project deliveries.

• Ongoing cost base improvements, but no further large-scale restructuring planned.