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Press release 30.07.2019

First half of 2019: pleasing sales growth despite drop in demand

Bucher Industries’ market environment was positive overall in the first half of 2019, but with declining demand, albeit from a high level. Accordingly, order intake declined slightly, while sales continued to rise. The operating profit margin fell slightly short of the strong margin achieved in the prior-year period. This interim report was prepared for the first time in accordance with the accounting standards of Swiss GAAP FER instead of IFRS. For the purpose of comparability, the prior-year figures were restated accordingly.

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

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Downturn in agricultural equipment slows sales growth

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 to acquire bulk waste equipment business for the Australian market

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.

2016 annual general meeting of Bucher Industries AG

At today’s annual general meeting, the shareholders approved all the board’s proposals, elected Philip Mosimann as the new chairman and confirmed all the board members standing for election. A dividend of CHF 5.50 per share was approved.

2015: A challenging financial year

The 2015 financial year at Bucher Industries was affected by the strong Swiss franc, the sluggish performance of important markets, and geopolitical uncertainties. This challenging environment resulted in a decline of 11% in order intake and sales. The operating profit margin stood at 8.3% and group profit was CHF 140 million. The board of directors is proposing a dividend of CHF 5.50 per share to the annual general meeting of 15 April 2016.

Bucher Municipal enters the sewer-cleaning market

Bucher Municipal, a division of Bucher Industries, has taken over J. Hvidtved Larsen A/S (JHL), a technologically advanced Danish manufacturer of truck-mounted sewer-cleaning units with a strong base in Scandinavia and the UK. The acquisition provides growth opportunities for Bucher Municipal and brings together JHL’s expertise in sewer cleaning, Bucher Municipal’s in-depth understanding of the municipal markets and the strength of its firmly established distribution network.

Management change and streamlining of sweeper manufacture

Aurelio Lemos, previously responsible for Bucher Hydraulics Switzerland, is to take over as head of Bucher Municipal, a division of Bucher Industries, with effect from 1 March 2016. Bucher Municipal plans to restructure sweeper manufacture, in future producing all compact sweepers in Latvia and truck-mounted sweepers in Great Britain. The transfer of production will serve to maintain competitiveness and concerns the sites in Switzerland, Great Britain and Latvia. The manufacture of specialist truck-mounted sweepers, which is located in Denmark, will not be affected. The engineering, sales and service organisations of the Bucher and Johnston brands will similarly remain untouched by the planned measures.

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