|In 2020, Bühler proved to be a reliable partner to all its stakeholders and showed robust business performance in 2020. Protection of the health of employees, securing supply chains for customers, and keeping the innovation rate high were the top priorities. Despite adverse conditions, Bühler fulfilled all customer contracts and delivery agreements without interruptions. And the company launched major innovations for key markets. The Group gained additional financial strength, with equity ratio reaching 44.2% (+1.4 percentage points) and net liquidity soaring to CHF 749 million (+66.8%). Turnover was CHF 2.7 billion (-17.0%), with order intake amounting to CHF 2.6 billion (-16.7%). “With high agility we adapted quickly to the new situation to ensure continuity on all levels,” says CEO Stefan Scheiber. “In light of our global set-up and innovation power, we are looking into the future with bounded optimism.”|
|Bühler assured the health of its employees and its daily operations throughout the year. Supply chains proved remarkably solid, as Bühler was able to absorb the pandemic’s waves thanks to its global network of 33 factories, 100 service stations, and digital tools such as remote customer trials or commissioning, to bring much needed food capacities online worldwide. “We have seen a sharp rise in customer demand for digital solutions, but also for sustainable solutions, such as CO2-reduced emissions, nutritious and healthy food, high-end deposition technologies, and clean mobility,” says Stefan Scheiber.
Increased financial strength
Turnover was CHF 2.7 billion, down 17.0% from CHF 3.3 billion. The 2020 figures are impacted by the development of currency exchange rates, specifically of the Chinese yuan, euro, and US dollar against the Swiss franc. Adjusted for the impact of the foreign exchange rates, the reduction of the top line versus last year was 13%.
Robust business performances
Summing up, the highlights from the businesses were strong growth of the Value Nutrition business due to high interest in meat alternatives from plant-based proteins; the build-up of large food parks such as in Egypt where Bühler built complete industrial infrastructures comprising of mills, biscuit, wafer, chocolate, and pasta lines; and the strong growth of Bühler Leybold Optics’ optical coating solutions, addressing the high demand for computer chips.
Success in China mitigated low volumes in other regions
Continuation of innovation roadmap
All innovation efforts of Bühler are aligned to the company’s commitment to lower energy use, water consumption, and waste in the value chains of its food, feed, and mobility customers by 50% until 2025. These sustainability goals have been anchored in the new Destination25 strategy, which was developed and agreed in 2020 and is valid until 2025. Furthermore, Bühler intensified its initiatives to provide training and education programs for customers and partners, as well as for employees worldwide. The global apprentice program was further developed, and the successes of the top apprentice talents at the 2020 SwissSkills competitions – with eight medals in four key disciplines – were lighthouses for the nearly 600 apprentices the company employs, coaches, and develops globally.
Outlook: bounded optimism
For more information on the annual announcement, please visit Bühler’s annual report 2020 web page.
For more pictures of Bühler executives and the full annual report 2020, please visit Bühler’s media download section.
Mar 16th, 2021