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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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Growth in sales

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.

Early succession planning at the top of group management

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.

Business continues to develop well

In a business environment influenced by diverse trends, Bucher Industries increased its sales in the first nine months of 2014 by 5.7% to CHF 2.1 billion compared with the same period a year ago. The order intake rose by 2.1% to CHF 2 billion. The outlook for the year as a whole remains unchanged. The Group anticipates sales growth and a moderate fall in profitability from the record high in 2013.

New member of group management

As previously announced on 15 January 2014, Thierry Krier took over today as division president of Kuhn Group and at the same time was appointed by the board of directors as a member of group management. He succeeds Michel Siebert, who retired with effect from the end of September 2014.

Strong first half

Bucher Industries surpassed the high levels attained in the same period of last year. Order intake rose strongly, up by 7.8% to CHF 1 322 million, while sales increased by 4.2% to CHF 1 469 million. Operating profit and profit for the period showed a marginal improvement on the high level reached in the same period of 2013. For the current year, the Group anticipates sales growth and a moderate fall in profitability from the record high in the previous year.

Publication of Sustainability Report 2013

Today sees the publication of Bucher Industries’ sustainability report 2013. Prepared in accordance with the G3 standard of the Global Reporting Initiative (GRI), the report contains key figures on production, energy consumption, employees and suppliers.

Further increases in sales and order intake

With market conditions generally favourable, Bucher Industries increased sales by 8% to CHF 713 million in the first quarter of 2014. All divisions contributed to the increase. At CHF 706 million, order intake was 5% up on the same period last year.

2014 annual general meeting approves all the board’s proposals

In addition to the regular agenda items, the annual general meeting approved the re-election of all the board members and the chairman, the election of Valentin Vogt as a new member of the board, and the election of the members of the compensation committee. It also approved amendments to the articles of association, including changes relating to implementation of the ordinance against excessive compensation in listed stock corporations.

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