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.
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.
The business performance of Bucher Industries in the first half of 2016 was marked by a fall in demand for agricultural equipment. Sales and order intake declined, but the operating profit margin was nearly maintained.
In the first quarter of 2016 Group sales fell by 7% and order intake by 13%. The good overall business performance was unable to compensate for the downturn in both agricultural machinery and municipal vehicles.
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.
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, 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.