In 2022, Grains & Food performed solidly, operating in a challenging environment with disrupted value chains. After a strong start to the year and a recovery of markets in the first half, the investment pattern stagnated due to the disruptions created by the war in Ukraine and the developments in China. In addition, the business suffered from disruptions in the grain and energy markets, especially in Europe and Africa. In these demanding circumstances, order intake amounted to CHF 1,663 million, down 6.5%, while turnover improved by 2.6% to CHF 1,696 million. All business areas of Grains & Food contributed to the turnover growth, with Digital Technologies excelling.