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.
The business performance and above all the outlook for Bucher Industries for the year as a whole improved in the first half of 2017. All the divisions with the exception of Bucher Specials contributed to the marked increase in order intake. Group sales were also up year on year. The operating profit margin remained at the same level as in the first half of 2016.
Bucher Industries develops and manufactures machinery and equipment which combine long service life with high energy efficiency. Consciously making responsible use of natural resources is part of the business activities. The Sustainability Report 2016 published today describes the Group’s sustainability strategy and how it is put into practice in daily business.
In the first quarter of 2017 order intake at Bucher Industries increased year on year by 14% and Group sales grew by 2%. Kuhn Group reported a pleasing rise in order intake, while the division’s sales remained stable. Bucher Municipal, Bucher Hydraulics and Bucher Emhart Glass also performed well.
At today’s annual general meeting, the shareholders of Bucher Industries AG approved all the board’s proposals. A dividend of CHF 5.00 per registered share will be paid out. 211 shareholders with voting rights attended. Altogether, 70.91% of all votes were represented.
The 2016 business performance of Bucher Industries was affected by a continuing decline in the important market for agricultural machinery. Sales were only 4% lower than the previous year, partly thanks to acquisition effects. The operating profit margin of 7.1% was affected by the decline in sales of agricultural machinery and by one-off costs in the municipal vehicles business. Profit for the year amounted to CHF 118 million. The board of directors will propose a dividend of CHF 5.00 per registered share to the annual general meeting on 19 April 2017.
The 2016 business year at Bucher Industries was affected by a slowdown in the market for agricultural machinery. Sales fell by 4% and the order intake by 2%. For 2016 as a whole, the Group is expecting a substantial decline in the operating profit and Group profit margins.
In the first nine months of the current year, Bucher Industries recorded a year-on-year decline of 5% in order intake and sales. The downturn in the agricultural equipment segment continued and there was a lack of positive impetus in the market for municipal vehicles. The pleasing performance in the business with hydraulic components, machinery for the glass container industry and by the Bucher Specials companies was not sufficient to offset the decline in the Kuhn Group and Bucher Municipal divisions.
Bucher Municipal, a division of Bucher Industries, is acquiring the operational bulk waste equipment business of PakMor Waste Equipment Australia Pty Ltd in Sydney. PakMor is the market leader for static and transportable compaction equipment in Australia and an ideal match for Bucher Municipal’s Australian refuse-vehicle business. The complementary product range and common customer base provide Bucher Municipal with good growth opportunities in the region.