UZWIL, SWITZERLAND – Bühler’s Advanced Materials business reported revenue of CHF 649 million (US$ 663.3 million) in 2019, down 8% year-over-year.
Advanced Materials absorbed a decline of 32.2 % in order intake to CHF 488 million.
Total company revenue of CHF 3.3 billion was stable, while orders decreased 4.6% to CHF 3.1 billion.
“We are pleased with the 2019 achievements, as they confirm our strategic setup with the three businesses, which leveled out market volatility,” said CEO Stefan Scheiber. “With our broad portfolio, global position, and innovation strength, we are ready to tackle the challenges of an ongoing volatile global economy.”
In 2019, the firm’s automotive and consumer electronics underwent downward trends.
Bühler’s net liquidity was CHF 449 million, up 0.3 %.
While Asia and Europe drove growth in 2018, in 2019 North America and Middle East & Africa took over this role. Bühler recorded a standstill in China due to market saturation in the automotive segment and tariff conflicts. Asia made up 34 %, Europe 30%, Americas 22 %, and Middle East & Africa 14 %.
Ed.: CHF 1 = US$1.02