Ongoing Weak Market Dynamics Impact Bystronic's Performance

Bystronic AG has reported a significant decline in order intake for the first nine months of 2024, marking a 25.3% drop compared to the same period in the previous year, at CHF 466.7 million. The challenging market environment led to reduced customer investments across all regions. A slight improvement was observed in Q3 2024, particularly in the APAC and China regions.

Net sales also saw a decrease, falling 28.3% to CHF 488.4 million. In response, Bystronic has initiated further restructuring measures, consolidating its operations and reducing its executive board to four members. This involves cutting approximately 500 positions globally, including 80 dismissals at its Swiss headquarters, and closing a former production site in Italy.