Bucher Emhart Glass recorded a drop in order intake and sales by more than a third in the first quarter of the year.
30% drop in order intake and sales from its high levels in the same period of 2019.
In its first quarter financial report, the Swiss engineering company reported sales of CHF 84 million ($86.9 million) compared to CHF 130 million ($134.5 million) in the same period of 2019.
This is a 30.1% drop after currency, acquisition and divestment effects are taken into account.
The glass forming and inspection specialist said it was due to postponements in connection with the switch to the new ERP product management system and the repercussions of the pandemic.
It had temporary production shutdowns in China, Malaysia and partly in the USA, while travel restrictions made it difficult or impossible to install the systems at customers’ sites.
But its order book continued to grow, rising by 12.2% from the previous year to CHF 253 million ($261.8 million) compared to CHF244 million ($252.5 million) the year before.
In a financial note - which commented on all five of the group’s divisions - Bucher Industries, said: “The ongoing COVID-19 crisis has significantly increased the uncertainty and is likely to have an increasingly negative impact on demand for the products and services of Bucher Industries.”
The group has expanded its committed credit facilities by CHF 140 million to CHF 300 million.
14.05.2020, Bucher Emhart Glass
此网站新闻材料的版权属于公司或第三方的新闻提供者，其所有权利保留。所有新闻材料对其访问者只能限于其本人使用，并且使用此材料的风险由其使用者独自自行承担。严禁对新闻材料进行再次发布和其它商业利用. 作为商业贸易的用途。如果新闻材料由第三方提供，当应用此新闻材料时，每个使用者都同意遵守，并且受此特定的项目的约束。Glass Global并不代表及认可新闻材料中所包含的内容及新闻中的外部网站的内容的准确性及可靠性。
Should the content or the design of these sites violate third parties rights or legal prescriptions, we kindly ask you to send us a respective message without invoice or cost. We guarantee that passages where the claim is considered as justified will be removed immediately, without any necessity to involve any lawyer into this issue. We will reject any claim caused by submission of a honorary note in this regard without any prior contact and confirmation of the issueby us and we reserve the right ssue counter claim ourselves because of violation of aforesaid conditions.