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Press release 19.03.2020

2020 annual general meeting – coronavirus

The annual general meeting of Bucher Industries on 24 April 2020 will be held without the physical attendance of shareholders in accordance with the Federal Council Ordinance on Measures to Combat the Coronavirus (COVID-19 Ordinance 2). The exercise of voting rights may be delegated to the independent proxy holder by written or electronic proxy.

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

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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.

Completion of Montana acquisition in Brazil

Bucher Industries division Kuhn Group completed the acquisition of Montana Indústria de Máquinas S.A., announced in January 2014, earlier than expected, at the end of March.

Major new order for municipal vehicles from the city of Moscow

In an international call for tenders put out by the city of Moscow, Bucher Municipal has again won a major order, on this occasion for 609 sweepers, 275 snowploughs and 163 spreaders for winter maintenance. The order is worth a total of CHF 53 million. The order will be processed in the course of the current business year.

Bucher Industries acquires Montana in Brazil

Bucher Industries’ division Kuhn Group, which specialises in agricultural machinery, and the owners of Montana Indústria de Máquinas S.A. (“Montana”) have signed acquisition agreements.

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