Developments in Bucher Industries' markets were very mixed in the first nine months of 2019. Demand declined on balance, albeit from a high level. This led to lower order intake. Sales, on the other hand, continued to rise, thanks to a very strong order book at the start of the year.
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.
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.