Bobst figures show recovery underway

Bobst has published its 2020 financial results in full showing the impact from the pandemic but with signs of improvements in the second half of the year and a net profit of CHF 17.3 million.

Jean-Pascal Bobst, CEO of the Bobst Group

Nonetheless, sales fell 16.2 percent from CHF 1.636 billion in 2019 to CHF 1.372 billion in 2020, while the EBIT earnings before interest and taxes operating result was CHF 44 million, down from CHF 81 million in 2019. In any other year, the fact that net profit fell from CHF 52.6 million in 2019 to just CHF 17 million would be cause for alarm, but should instead be seen as a positive sign of the way that Bobst’s management has responded to the pandemic.

The company managed to turn its net debt position of CHF 59 million in 2019 into a net cash position of CHF 4 million in 2020 thanks to an inflow of CHF 160 million of outstanding cash. Overall, new orders were 4 percent lower than in 2019, but set against a first half drop of 21 percent, shows that orders have picked up significantly in the second half. 

Naturally the Printing and Converting business suffered the most, both in terms of new sales and customers’ use of their machines. But the Services and Performance business seems to have coped well, with Bobst’s parts supply chain proving effective, combined with the advantages of remote servicing where applicable.

Not surprisingly, Bobst won’t be offering a dividend this year. However, Bobst says that it is currently expecting full year sales and operating result (EBIT) to be similar or slightly higher to the previous year if the pandemic situation does not deteriorate. This is despite Bobst’s assumption that the pandemic will still affect the economic conditions for the next two years, with the board suggesting that new opportunities in servicing machines and its reorganisation plan will make the difference.

You can find further information, including the results in full, from

…with a little help from my friends

If you value independent journalism then please consider making a donation to help support Printing and Manufacturing Journal. There’s no advertising or other income attached to this site as my aim is to provide impartial and in-depth information to all readers. However, it takes time to carry out interviews and check facts so if this site is of interest to you then please support my work. You can find more information about me here.





Syndicate content

You can license the articles from Printing and Manufacturing Journal to reproduce in other publications. I generally charge around £150 per article but I’m open to discussing this for each title, particularly for publishers that want to use multiple stories. I can provide high res versions of images for print publications.

I’m used to working with overseas publishers and am registered for VAT with the UK’s HMRC tax authority but obviously won’t charge VAT to companies outside the UK. You can find further details and a licensing form from this page, or just contact me directly here.

Support this site

If you find the stories here useful then please consider making a donation to help fund Printing and Manufacturing Journal, either as a one-off or a repeat payment. Journalism is only really useful if it’s truly independent and this is the only such news source serving the print/ manufacturing sectors.

However, there are costs involved in travelling to cover events, as well as maintaining this site, not to mention the time that it takes to carry out research, check facts and interview people. So if you value this work, then please help to maintain it and keep it free to read.


Never miss a story – subscribe to Printing and Manufacturing Journal to receive an email notification every time an article is published here. It’s completely free of charge and you can cancel the subscription at any point without any hassle. There’s no need to provide any information other than an email address and subscribers details are not for sale so there’s no risk of any further marketing spam.

Related stories


Leave a Reply

Your email address will not be published. Required fields are marked *