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Press release 30.01.2020

Record sales despite weaker demand in 2019

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.

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Silvia Oppliger and Prisca Wolfensberger
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media@bucherindustries.com

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High sales growth sustained

Bucher Industries increased sales by 14% to CHF 1 931 million in the first nine months of the current business year. All divisions contributed to this pleasing development. The order intake of CHF 1 768 million was only 2% down on the same period of last year. For 2012 as a whole, the Group continues to expect improved sales, operating profit and profit for the year.

Bucher Municipal strengthens its winter maintenance business

Bucher Municipal, a division of Bucher Industries AG, is strengthening its winter maintenance business by organising all the division's winter maintenance activities under one management. To facilitate the integration, Bucher Municipal is increasing its shareholding in Giletta S.p.A., Italy, from 50% to 60%.

Marked rise in sales and profit

In the first half of 2012, Bucher Industries increased sales by 21% to CHF 1 381 million, operating profit rose by 50% to CHF 133 million and the profit for the period by 64% to CHF 90 million. Order intake decreased by 9% to CHF 1 081 million as a result of economic conditions. For 2012, the Group continues to reckon with an improvement in sales, operating profit and profit for the year.

Investment of GBP 11 million in UK sweeper production

Bucher Municipal, a division of Bucher Industries AG, seeks to exploit economies of scale within Johnston Sweepers in the UK by looking at combining the three UK manufacturing sites operated by the company into a single site in Dorking, Surrey. The envisaged investment amounts to GBP 11 million in infrastructure and new production technologies.

Bucher Industries records strong sales growth

Bucher Industries increased sales by 28% to CHF 686 million in the first three months of 2012. Companies acquired in 2011 contributed 8% to this good performance. The high level of the order book at the turn of the year was an important factor in achieving this strong growth. The order intake of CHF 586 million was 9% lower year on year.

2012 annual general meeting approves all board proposals

The shareholders attending today's annual general meeting of Bucher Industries AG approved all the board of directors' proposals. In addition to the regular agenda items, the shareholders approved the re-election of Claude Cornaz and Heinrich Spoerry to the board, as well as a capital reduction through cancellation of 2.99% of the shares.

Bucher Industries increases profit for the year by 30%

In the 2011 financial year, Bucher Industries was able to further increase earning power, despite the strength of the Swiss franc. With strong demand and capacity utilisation at a high level, Bucher Industries increased operating profit by 26% to CHF 190 million. The operating profit margin rose from 7.4% to 8.1%. Profit for the year was CHF 127 million, 30% higher than the previous year. The board of directors is proposing a dividend of CHF 4.00 per share to the annual general meeting of 12 April 2012.

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