UZWIL, SWITZERLAND – Bühler reported 2020 sales at the company's Advanced Materials unit shrank 31.7% to CHF443 million ($497.6 million) on weakness in automotive, while orders fell 7.2% to CHF453 million.

Overall net sales fell 17% year-over-year to CHF2.7 billion ($3.03 billion) on a 16.7% drop in orders. Adjusted for currency exchange impacts, sales were down 13%.

Cash from operations jumped 211% to CHF 470 million. EBIT fell 41% to CHF 146 million, and the EBIT margin dropped 220 basis points to 5.4%.

“With high agility we adapted quickly to the new situation to ensure continuity on all levels,” said Stefan Scheiber, CEO, Bühler. “In light of our global set-up and innovation power, we are looking into the future with bounded optimism.”

“Protecting our liquidity had the highest priority over the course of last year,” said Mark Macus, CFO. “Our target was to remain a very solid and strong partner for all our stakeholders, and we achieved this even in a challenging year like 2020.”

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1 CHF = 1.12326 USD

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