Bachem Holding AGStrategic agreement for large-volume peptide supply secures a major anchor customer, boosting demand.

Bachem Holding AG refined its full-year 2026 sales growth guidance to 35-40% in local currencies, down from a prior range of 35-45%, citing improved visibility into its detailed production schedule. The company reported 4% sales growth in the first half of 2026, or 7.3% in local currencies, with no contribution yet from its new Building K facility, which produced its first commercial GMP material during the period and is expected to drive significant second-half growth. Bachem also signed a strategic agreement with a partner for large-volume peptide supply at its Sislerfeld site, committing to an investment of more than 500 million Swiss francs and securing a major anchor customer. The EBITDA margin diluted by 370 basis points to 25.4% in the first half, mainly due to higher costs in COGS from hiring, maintenance, and capacity optimization, while the company maintained a strong financial position with a 62% equity ratio, a leverage ratio of 0.8 times, and customer prepayments of 455 million Swiss francs. CapEx guidance for 2026 was reduced to 350-400 million Swiss francs due to a delay in the Sislerfeld project, and the company expects to be free cash flow positive in 2029.
Bachem Holding AGStrategic agreement for large-volume peptide supply secures a major anchor customer, boosting demand.
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