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Press release | 30.07.2026 | Ad hoc
First half-year 2026: Recovery in demand hampered by political uncertainties

Bucher Industries recorded subdued market develop­ment in the first half of 2026. Political uncertainties af­fected the investment climate, particularly in agri­cul­ture-related business, while order intake in the other four divisions developed positively. The strong market position could be successfully maintained in a competitive envi­ron­ment. Order intake and sales were slightly below the level of the prior-year period. The overall lower capacity utilisation and restructuring costs at Bucher Specials weighed on the operating profit margin and the Group’s profit for the year. Bucher Industries is consistently pursuing its cost-saving measures. Due to the subdued market devel­op­ment, the Group is adjusting its outlook for 2026.

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First half-year 2026: Recovery in demand hampered by political uncertainties
Bucher Industries recorded subdued market develop­ment in the first half of 2026. Political uncertainties af­fected the investment climate, particularly in agri­cul­ture-related business, while order intake in the other four divisions developed positively. The strong market position could be successfully maintained in a competitive envi­ron­ment. Order intake and sales were slightly below the level of the prior-year period. The overall lower capacity utilisation and restructuring costs at Bucher Specials weighed on the operating profit margin and the Group’s profit for the year. Bucher Industries is consistently pursuing its cost-saving measures. Due to the subdued market devel­op­ment, the Group is adjusting its outlook for 2026.
First quarter 2026: Modest demand in the first quarter, outlook for 2026 confirmed
Bucher Industries observed modest demand in the first quarter of 2026. After a previously strong pre-order season, Kuhn Group’s order intake declined. Bucher Municipal and Bucher Hydraulics, on the other hand, performed positively. Group sales were lower than in the prior-year period. With the order book remaining solid, Bucher Industries confirms its outlook for 2026, but points to increasing political uncertainties.
2025 business result: Bucher with strong cash flow and a solid financial position in a challenging economic policy environment
In the course of 2025, some of Bucher Industries’ markets stabilised as expected, and a recov­ery was par­tic­u­lar­ly noticeable in Europe. Despite the uncertainties surrounding trade tariffs, order intake was higher than the prior year. However, sales still fell due to the low order book at the beginning of the reporting period. The operating profit margin benefitted from the expected sale of a property not required for operations. The Group’s profit for the year and the earnings per share were slightly above the prior-year levels. Thanks to a strong cash flow, Bucher Industries’ finan­cial position remains extremely solid. This ensures flexibility and estab­lishes a solid base for future growth. The board of directors pro­pos­es a dividend of CHF 11.00 per share. The ongoing share buyback pro­gramme is well advanced and expected to be completed soon. The board of directors also announces a change of the chairman of the board.
Financial year 2025: Bucher with increased order intake despite economic policy uncertainties
In the course of 2025, some of Bucher Industries’ markets stabilised as expected, and a recovery in the markets was particularly noticeable in Europe. Despite the uncertainties surrounding trade tariffs, order intake was higher than the prior year. However, sales still fell due to the low order book at the beginning of the reporting period. The Group expects for 2026 stable sales on a com­pa­ra­ble basis. In 2025, the operating profit included the profit from the sale of a property not required for operations. Excluding this effect, Bucher Industries expects in the reporting period and for 2026 an operating profit margin of around 8%.
Third quarter 2025: Recovery in order intake despite ongoing trade policy uncertainties
Some of Bucher Industries’ markets stabilised as expected over the first nine months of 2025. The positive trend in order intake continued, partly hampered by uncertainties surrounding global trade tariffs. Particularly at Kuhn Group, order intake increased significantly. Due to the weak order book, group sales were still down on the prior-year period. As a result of low capacity utilisation in the USA, Bucher Industries is making selective adjustments to its outlook for 2025.
Successor for division president of Bucher Emhart Glass
Daniel Schippan will become division president of Bucher Emhart Glass and a member of group management at Bucher Industries with effect from 1 January 2026. He succeeds Matthias Kümmerle, who, as previously announced, will become CEO of Bucher Industries after the 2026 annual general meeting.
First half-year 2025: Slight recovery in order intake despite trade policy uncertainties
During the first half of 2025, some markets of Bucher Industries stabilised as expected. Order intake was higher than in the prior-year period, but sales continued to decline. The operating profit margin benefited from the expected sale of a property not required for operations, while the Group’s profit for the period remained stable. Bucher Industries is adjusting its outlook for 2025 slightly due to trade policy uncertainties.

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