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Press release 08.05.2019

Bucher Municipal strengthens its presence in Asia by acquiring Zynkon

Bucher Municipal, a division of Bucher Industries, is acquiring 100% of the Chinese sewage tanker manufacturer Zynkon. This allows the division to access the growing Chinese market for sewage cleaning vehicles and to strengthen its presence in Asia.

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Corporate Communications
Silvia Oppliger and Prisca Wolfensberger
+41 43 815 80 40
media@bucherindustries.com

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First quarter of 2019 with significant increase in sales

Bucher Industries’ order intake in the first quarter of 2019 was in line with the very good prior-year period. Sales rose in four of the five divisions, resulting in a significant increase in group sales of 14%.

Annual general meeting approves all proposals of the Board of Directors

At today's annual general meeting 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. 213 shareholders with voting rights were present and a total of 72.84% of the votes were represented.

Successful 2018 financial year

Bucher Industries increased sales by 16% in the 2018 financial year, exceeding the CHF 3 billion mark. All divisions increased sales in double-digit percentage terms. The Group posted an operating profit margin of 9.1%. The profit for the year amounted to CHF 215 million, showing a much stronger growth than sales. The board of directors is proposing a dividend of CHF 8.00 per registered share.

Pleasing 2018 business year

2018 was a successful year for Bucher Industries. Sales rose by 16%, surpassing the CHF 3 billion mark for the first time. All divisions contributed to this positive development. The economic momentum was particularly strong in the first half of the year and diminished somewhat towards the end of the year. The Group anticipates a marked rise in the profit for the year.

Demand remains robust

Overall, in the first nine months of 2018, the positive trend in the markets of Bucher Industries continued. All five divisions made a contribution to the significant increase in both order intake and sales.

Bucher Industries strengthens its agricultural machinery businesses

The two divisions of Bucher Industries active in the agricultural machinery market are expanding their businesses by taking over leading suppliers in their respective fields: Kuhn Group is acquiring Artec Pulvérisation, one of the leading manufacturers of self-propelled agricultural sprayers in France, while Bucher Specials with its Bucher Landtechnik business unit is buying the import business of Grunderco S.A. with combines as well as the associated service business with contractors. The parties have agreed not to disclose the purchase prices.

Pleasing performance in the first half of 2018

Order intake at Bucher Industries rose by 20% year on year in the first half of 2018. All divisions contributed to this positive development. Group sales increased by 19%. Of this increase, 5 percentage points were attributable to the currency translation effect, largely as a consequence of the stronger euro. The operating profit margin stood at 9.1%. Bucher Industries will change its accounting standards from IFRS to Swiss GAAP FER as per 1 January 2019.

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