For Bühler, 2022 was a good year with progress in many areas. We grew, we managed to improve our profitability, and at the same time, strengthened our balance sheet. We continued to launch new solutions, creating value for customers, and through this, enhanced our market positions globally. Yet again, our broad portfolio of processing technologies and services for the human- and animal-nutrition markets, as well as for technical materials and applications, strengthened the development of our company.
The Value Creation Model illustrates how Bühler creates value for customers, employees, bondholders, business partners, and owners by unlocking sustainable business opportunities in the global food, feed, and automotive industries. It shows how we seek to balance humanity, nature, and economy in every decision and how this translates into outcomes for wider society and the environment.
As a Swiss family enterprise with a history of over 160 years, we are driven by a strong sense of purpose, and our strategy is based on deeply held values. Our purpose is to create innovations for a better world. And our values of trust, ownership, and passion are the guiding principles of our behavior.
Based on this, we have set goals for the coming years to improve profitable growth and be a technology leader in our industries, while balancing the needs of humanity, nature, and economy. We see profitable growth as a prerequisite to creating impact for a better world. It enables us to invest in the development of our company, products, and people. In choosing Bühler, our customers benefit in terms of their own business performance, their environmental impact, and from opportunities to offer their employees training at our schools and application centers. They also benefit from our global setup.
Bühler has consciously driven an ecosystem-based approach to innovation for more than 15 years with the goal of forming businesses that contribute to solving some of the burning issues of our times. Through collaboration we can do this faster. Today, our growing global network of academic partners, start-ups, NGOs, customers, and suppliers contribute to delivering pioneering technology and business solutions that tackle issues such as climate change, and food and energy security, and accelerate the transition to more sustainable mobility. Here are some examples of our many partnerships.
Bühler follows international standards of corporate governance. Its corporate governance activities are based on the principles of the Swiss Code of Best Practice – an instrument for clearly defining internal powers and responsibilities and optimally designing the interaction between the Board of Directors, the Executive Board, and the Group Internal Audit.