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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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Exchange rates and economic situation hold back sales in 2015

Bucher Industries recorded an 11% fall in both sales and order intake in fiscal 2015, with currency effects accounting for around 7% of the decline. For 2015 as a whole, the Group is expecting a decrease in operating profit and profit for the year.

Long-term planning for change of CFO

Christina Johansson, presently Chief Financial Officer at SR Technics Group, will take over the position of CFO at Bucher Industries in the fourth quarter of 2016. After 20 years’ service as CFO at Bucher Industries, Roger Baillod is becoming independent to pursue his career as a professional board member.

Strong franc affects sales

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.

Departure from group management

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.

Strong Swiss franc influences half-year results for 2015

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.

Bucher Industries publishes 2014 sustainability report

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.

2015 annual general meeting approves dividend of CHF 6.50 per share

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.

Continued growth in 2014

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.

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