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.
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 6.50 per registered share. 179 shareholders with voting rights were present and a total of 73.97% of the votes were represented.
Bucher Emhart Glass, a division of Bucher Industries, is taking over the remaining shares of its joint venture with Shandong Sanjin Glass Machinery Co., Ltd. The joint venture was formed in 2011 and is the market leader for glass forming machinery in China. The complete takeover emphasizes the importance of the Chinese market for Bucher Industries and Bucher Emhart Glass and will lead to a faster and more systematic development of the subsidiary.
In 2017, the performance of Bucher Industries was pleasing overall. Order intake surged 20% year on year, and sales rose by 11%. The operating profit margin improved by 1.5 percentage points to 8.6% due to higher sales and optimised structures. The profit for the year amounted to CHF 168 million. The board of directors is proposing a dividend of CHF 6.50 per registered share.
Bucher Industries posted strong order intake and higher sales for the 2017 reporting year. The markets in which the Group operates performed particularly well in the second half of the year. All divisions contributed to the increase in sales. For the reporting year 2017, the Group is forecasting an improved operating profit margin and a significant increase in group profit.
Christina Johansson, member of group management and CFO of Bucher Industries, has decided to leave the company and seek a new professional direction. Manuela Suter, Head of Controlling of Bucher Industries, will assume the position of CFO as a member of group management on 1 January 2018.
The markets in which Bucher Industries operates have enjoyed a recovery in the first nine months of the year. The Group experienced a significant growth in order intake, and sales have increased pleasingly, with all divisions contributing to the higher Group sales.
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.