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Press release 24.10.2019

Sales continue to grow despite weaker demand

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.

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

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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.

Best result in the Group’s history

In the 2013 business year, Bucher Industries increased sales by 3% to CHF 2 691 million and operating profit by 24% to CHF 287 million. The operating profit margin reached an outstanding 10.7%. Profit for the year rose by 26% to CHF 196 million. The board of directors is proposing a dividend of CHF 6.50 per share to the annual general meeting of 10 April 2014.

Strengthening agricultural machinery business in Brazil

Bucher Industries and the owners of Montana Indústria de Máquinas S/A (“Montana”), one of the leading self-propelled sprayer manufacturers in Brazil, signed a principal understanding for an acquisition of Montana by Bucher’s Kuhn Group division.

Strong increase in order intake

Bucher Industries increased its order intake by 9% to CHF 2 718 million in 2013. Sales reached CHF 2 691 million, 3% above the high level in 2012. Compared with the previous year, the Group expects 2013 to bring a substantial increase in operating profit and profit for the year.

Change in group management

Michel Siebert, member of group management and division president of Kuhn Group, will retire at the end of September 2014. The board of directors of Bucher Industries has nominated Thierry Krier, the long-term president and CEO of Kuhn North America, as his successor. Thierry Krier will become a member of group management and assume the role of division president of Kuhn Group effective 1 October 2014.

Changes to the board of directors and group management

The board of directors of Bucher Industries will submit a proposal to the annual general meeting on 10 April 2014 to elect Valentin Vogt to the board. Stefan Düring is to replace Jean-Pierre Bernheim as a member of group management and president of the Bucher Specials segment with effect from 1 January 2014.

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