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| 2007: Turnover of CHF 1.744bn - Record year in volume with a positive contribution of all three business areas - Confirmed improvement of 2007 forecasted results - Beginning of 2008: good utilization of the group’s production capacity |
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Stronger deliveries than expected at the very end of 2007 led to a record volume of business during the second half-year. The consolidated turnover for the full year 2007 amounts to CHF 1.744bn, an increase of CHF 140m or +8.7% compared to 2006. This evolution is due to the following elements:
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millions of CHF |
% |
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Increase in volume |
119 |
7.4 |
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Influence of favorable exchange rates |
21 |
1.3 |
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Increase in turnover |
140 |
8.7 |
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The geographical distribution shows a positive evolution in all the four regions of the world. The European, the Asia/Oceania and the African zones have been especially strong.
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2007 |
2006 |
Change |
| millions of CHF |
% |
millions of CHF |
% |
% |
| European Zone |
905 |
51.9 |
836 |
52.1 |
+8.3 |
| American Zone |
439 |
25.2 |
430 |
26.8 |
+2.1 |
| Asia & Oceania Zone |
354 |
20.3 |
306 |
19.1 |
+15.7 |
| Africa Zone |
46 |
2.6 |
32 |
2.0 |
+43.8 |
| Total |
1744 |
100 |
1604 |
100 |
+8.7 | |
All three business areas contributed positively to the good volume performance.
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2007 |
2006 |
Change |
| millions of CHF |
% |
millions of CHF |
% |
% |
| Folding Carton |
769 |
44.1 |
709 |
44.2 |
+8.5 |
| Corrugated Board |
637 |
36.5 |
580 |
36.2 |
+9.8 |
| Flexible Materials |
329 |
18.9 |
306 |
19.1 |
+7.5 |
| Others |
9 |
0.5 |
9 |
0.6 |
- |
| Total |
1744 |
100 |
1604 |
100 |
+8.7 | |
Spare parts and Services increased in volume by 10% compared to the previous year, which allowed to further improve, even in such a strong year of turnover, the percentage of 22.7% of total sales against 22.4% in 2006. Service capacities were strongly utilized for installations of new equipment (included in machine turnover).
The three turnover categories evolve as follows:
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2007 |
2006 |
Change |
| millions of CHF |
% |
millions of CHF |
% |
% |
| Machines |
1348 |
77.3 |
1244 |
77.6 |
+8.4 |
| Spare parts |
320 |
18.3 |
279 |
17.4 |
+10.0 |
| Services |
76 |
4.4 |
81 |
5.0 |
| Total |
1744 |
100 |
1604 |
100 |
+8.7 | |
The full consolidated results will be published on 27 March and will, as already announced, show an increase in the published and underlying net profits compared with 2006 (CHF 103.3m respectively CHF 80.6m).
2008 started with a stronger order backlog than the one at the beginning of last year and generates a good utilization of the Group’s production capacities for the first months of the year.
As a reminder, Bobst Group has announced on 5 December 2007 new increased mid- to long-term financial goals. This, combined with expected strong future cash flow generations, has led the Board of Directors to announce its intention to propose to the Annual General Shareholders’ Meeting on 7 May 2008 a share buy-back program for 10% of the share capital. It is planned to carry out this share buy-back through the issue of put options. The objective is to pay out about CHF 250m in 2008, dividend not included.
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Bobst Group SA, Lausanne/Prilly, February 14, 2008
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Teleconference
A teleconference for financial analysts and the media will take place today, 14 February 2008, at 15.30 CET. The taped recording will be available shortly after the teleconference until close of business on Friday 15 February 2008:
- 0845 245 5205 (UK)
- +44 (0) 1452 55 00 00 (Europe)
- 1866 247 4222 (toll free USA)
- followed by the access code: 31019215#
From 15 February onwards, it will be available on our website www.bobstgroup.com/investors.
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Inquiries
Media Relations: Phone +41 21 621 2622
Investor Relations: Phone +41 21 621 2560 or e-mail to investors@bobstgroup.com
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 Forthcoming Releases in 2008 |
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