bystronic reported on friday higher net income and sales during the first half of 2023 with price increases and cost cuts allowing it to offset unfavorable exchange rates and weaker demand the swiss metalprocessing company reported net income for the first half of 198 million swiss francs 228 million compared with chf7 million in the yearearlier period on sales that grew to chf4683 million from chf4532 million supply constraints continue to affect the electronic components and control modules and their availability is only gradually improving the company said earnings before interest and taxes grew to chf253 million from chf105 million the necessary price increases and costsaving measures are taking effect allowing us to significantly enhance our profitability chief executive alex waser said order intake fell by 22 compared with the first half of 2022 to chf4209 million for 2023 bystronic expects higher operating income but a slight decline in sales it also estimates a weaker order intake in its machine business but a growing service business