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.
In the first three-quarters of 2015, sales and order intake at Bucher Industries fell by 4% in local currencies. In terms of Swiss francs, sales decreased year on year by 11%. For the 2015 business year as a whole, the Group is expecting sales and operating profit in terms of local currencies to decrease.
Michael Häusermann, a member of group management and head of the Bucher Municipal division, is leaving the Bucher Industries Group by mutual consent in order to pursue a new career path. Coen van Rosmalen, managing director of Johnston Sweepers Ltd, UK, a company belonging to Bucher Municipal, is taking over the management of the division on an ad interim basis with immediate effect.
In the first half of 2015, Bucher Industries was unable to maintain the high level attained in the same period of last year. Sales and order intake decreased. The appreciation of the Swiss franc contributed around 7% to the decline in sales. Before adjustment for currency effects, the operating profit margin decreased slightly, edging down 0.3 percentage points. As a result, Group profit for the period was lower than the high level reached in the same period of 2014.
The 2014 sustainability report that is published online comprises key figures from the 32 most important production sites of Bucher Industries worldwide. Compared with 2013, energy consumption at Group level fell by about 6%, despite a 4% increase in sales. This positive trend was due to the energy-saving measures implemented and the mild winter in Europe.
At the 31st annual general meeting of shareholders of Bucher Industries AG, 66.32% of the votes were represented and 238 shareholders attended in person. They approved all the proposals of the board of directors and a dividend at the same level as the previous year: CHF 6.50 per registered share.
For the 2014 business year, Bucher Industries increased sales by 4% to CHF 2.8 billion and order intake by 1% to CHF 2.7 billion. The operating profit margin fell to 9.2%, while profit for the year reached CHF 190 million, almost as high as the previous year's record level. The board of directors will propose an unchanged dividend of CHF 6.50 per share to the annual general meeting on 14 April 2015.
In the 2014 business year, Bucher Industries recorded a 4% increase in sales to CHF 2.8 billion. Order intake amounted to CHF 2.7 billion, 1% above the previous year's level. For 2014, the Group anticipates a profit for the year just short of the record mark set in 2013.
At its meeting on Friday, the board of directors named Dr. Jacques Sanche as the new CEO of Bucher Industries AG as of the annual general meeting in April 2016. The annual general meeting will also be asked to elect Philip Mosimann, who has been CEO for many years, as the new chairman of the board. The current chairman, Rolf Broglie, will leave the board of directors in April 2016.