Buhler Technology Group reports 12 percent growth in 2011
Company reports sales of CHF 2.131 billion (US$2.35 billion) in fiscal 2011
Buhler Technology Group announced its fiscal 2011 results, earning sales of CHF 2.131 billion (US$2.35 billion) and growth of nearly 12 percent.
The petfood production technologies company increased order intake by more than 3 percent to CHF 2.233 billion (US$2.46 billion) as a result of the company’s strong presence in emerging markets. The company’s earnings before interest and tax increased more than 7 percent to CHF 218 million (US$240.1 million) and net profits increased 3 percent to CHF 163 million (US$179.52 million). Adjusted for exchange rates, Buhler’s two food divisions increased sales volumes by about 20 percent.
During 2011, Buhler’s spending on research and development was CHF 89 million (US$98.02 million), 4.2 percent of sales, with a focus on nutrition, safe foods and energy efficiency.
For current fiscal 2012, the Executive Board expects a moderate increase in volumes due to the uncertain economic situation.