Bucher Emhart Glass increased its order intake in the first quarter of 2015 thanks to strong demand in its spare parts and service business.
But it reported that investment in glass forming and inspection machinery was noticeably restrained, in its Quarter 1 2015 financial report.
For the January to March 2015 period it reported an order intake of CHF88.5 million ($95.2 million), up 3.3% from the same period last year. Adjusted for Swiss currency effects, this would be a 14.4% rise.
The group said: “Bucher Emhart Glass increased order intake in the first quarter. Adjusted for currency effects, the growth was even more pronounced.
“This was mainly due to the very good result in the spare parts and service business. The project business with glass-forming and inspection machinery stagnated.
“The division concentrated further on improving profitability, systematically implementing a corresponding programme of measures.”
In its outlook for the rest of 2015, it said it does not consider it likely that there will be any significant change in its markets and it will concentrate on improving profitability.
* Bucher Emhart Glass will speak at the Glassman Europe conference in Lyon on Thursday May 7 at midday. Visit http://www.glassmanevents.com/europe/conference