Buhler shows improvement
April 01, 2002
by Chrystal Shannon
UZWIL, SWITZERLAND — The Buhler Group achieved consolidated sales of 1.43 billion Swiss francs (CHF) (U.S.$860,000) in fiscal 2001, despite the difficult market environment. This translates into a growth of 5.7%.
Based on the same exchange rates as last year, pre-year sales were exceeded by 8.1%. Order bookings also increased, by just under 1% to CHF 1.42 billion, a stronger performance than the industry as a whole.Sales were increased in Europe, Asia/Oceania and the Middle East. They diminished slightly in the Americas, Africa and the countries of the CIS.Corporate management expects the operating result (EBIT) for 2001 to be doubled over the previous year, CHF 17.7 million. The complete annual report for 2001 will be published on June 11, 2002. For the current fiscal year, Buhler is aiming at further increasing sales and improving its result margins, despite a tense economic situation and political uncertainties in the Middle East. However, as a result of the slight decline in business in the automotive engineering industry, the Die Casting Division is unlikely to achieve its sales levels of the past year.