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Press release 19.03.2020

2020 annual general meeting – coronavirus

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.

Contact

Investor Relations
Manuela Suter and Ivan Kühne
+41 43 815 80 50
ir@bucherindustries.com

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Key figures Group

CHF million

Change in

2019

2018

%

%1)

%2)

Order intake

3’008.0

3’205.9

−‍6.2

−‍3.6

−‍5.6

Net sales

3’106.0

3’064.5

1.4

4.0

1.8

Order book

1’018.7

1’136.8

−‍10.4

−‍7.8

−‍7.9

Operating profit before depreciation and amortisation (EBITDA)

368.3

374.1

−‍1.6

as % of net sales

11.9%

12.2%

Operating profit (EBIT)

284.6

292.2

−‍2.6

as % of net sales

9.2%

9.5%

Net financial result

−‍3.1

−‍0.6

−‍416.7

Income tax expense

−‍53.5

−‍65.7

18.6

as % of profit before tax

19.0%

22.5%

Profit for the year

228.0

225.9

0.9

as % of net sales

7.3%

7.4%

Earnings per share in CHF

21.92

21.80

0.6

Capital expenditure

125.2

102.7

21.9

Operating free cash flow

162.7

100.7

61.6

Research and development costs

−‍127.5

−‍118.5

−‍7.6

Net cash/debt

214.6

159.3

34.7

Total assets

2’545.1

2’543.2

0.1

Equity

1’392.9

1’296.0

7.5

Equity ratio

54.7%

51.0%

Return on equity (ROE)

17.0%

17.8%

Net operating assets (NOA) average

1’214.1

1’155.5

5.1

Return on net operating assets (RONOA) after tax

19.0%

19.6%

Number of employees at 31 December

13’107

13’054

0.4

−‍0.6

Average number of employees

13’280

12’636

5.1

2.6

Net sales per employee

CHF 1’000

234

243

−‍3.7

−‍1.2

−‍0.8

1)Adjusted for currency effects

2)Adjusted for currency, acquisition and divestment effects

Composition and calculation of additional performance measures that are not defined by Swiss GAAP FER.

Annual general meeting

The 36th ordinary annual general meeting of Bucher Industries AG will be held on 24 April 2020 at the premises of Bucher Management AG, Flughafenstrasse 90, 8058 Zurich and will start at 3.30 p.m. It will be held without the physical attendance of shareholders. The exercise of voting rights may be delegated to the independent proxy holder by written or electronic proxy.

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