Bystronic AG provided earnings guidance for the year 2023 and 2024. As previously communicated, order intake and sales in the machine business are expected to decline due to the economic slowdown, while the service business continues to grow. Overall, Bystronic expects a higher operating result with a slight decline in sales.

For 2024, Bystronic anticipates an unchanged market environment and an order intake in line with that of the previous quarters. In addition, the order backlog is set to decrease further by the beginning of the year. Bystronic has initiated numerous cost reduction measures. Overall, allowing for the strength of the Swiss franc, Bystronic expects declining sales and a lower operating result than in 2023.