The media information page contains press releases with the latest news from the divisions and the Group. You will also find ad hoc announcements, publications, presentations and pictures.
Bucher Industries was confronted with lower capacity utilisation and the growing repercussions of the COVID-19 pandemic during the first quarter of 2020. Order intake and sales were down. Production had to be temporarily halted at various locations and difficulties arose in the supply chain. Measures were implemented to safeguard liquidity and profitability.
At today’s annual general meeting (AGM) of Bucher Industries AG, the shareholders agreed to all the proposals put forward by the board of directors. The dividend is CHF 8.00 per registered share. The AGM was held without the physical attendance of shareholders. A total of 72.01% of the votes were represented by the independent proxy holder.
The annual general meeting of Bucher Industries on 24 April 2020 will be held without the physical attendance of shareholders in accordance with the Federal Council Ordinance on Measures to Combat the Coronavirus (COVID-19 Ordinance 2). The exercise of voting rights may be delegated to the independent proxy holder by written or electronic proxy.
Due to the current development with the spread of the COVID-19 virus and the related directives of the French Government, Bucher Industries has decided to temporarily shut down production sites in France.
The financial year 2019 was defined by a challenging market environment, with demand still very high but slowing. Sales were up again slightly on the excellent previous year. The Group’s operating profit margin was 9.2%. Profit for the year was CHF 228 million. The board of directors proposes a dividend of CHF 8.00 per registered share.
For Bucher Industries, 2019 was a year defined by a challenging market environment. Demand declined overall, albeit from a very high level. Thanks to the exceptionally strong order book at the beginning of the reporting period and a significant increase at Bucher Emhart Glass, sales rose again slightly over the very strong previous year. The Group expects operating profit for the reporting period to fall just slightly short of the good result achieved in 2018. The Group’s profit for the year is expected to be on a par with that of the previous year.
Bucher Municipal, a division of Bucher Industries, is acquiring 100% of the leading French distributor of municipal vehicles Eurovoirie SAS. This allows the division to directly market its entire product portfolio of municipal vehicles to French customers and to better service them.
Developments in Bucher Industries' markets were very mixed in the first nine months of 2019. Demand declined on balance, albeit from a high level. This led to lower order intake. Sales, on the other hand, continued to rise, thanks to a very strong order book at the start of the year.
Bucher Industries’ market environment was positive overall in the first half of 2019, but with declining demand, albeit from a high level. Accordingly, order intake declined slightly, while sales continued to rise. The operating profit margin fell slightly short of the strong margin achieved in the prior-year period. This interim report was prepared for the first time in accordance with the accounting standards of Swiss GAAP FER instead of IFRS. For the purpose of comparability, the prior-year figures were restated accordingly.