Demand for the products and services of Bucher Industries declined notably in the first half of 2020 as a consequence of the spread of COVID-19. A recovery set in at mid-year and gained momentum towards the end of the reporting period, but order intake and sales were nevertheless lower overall. The Group expects the operating profit margin for 2020 to be slightly higher than at mid-year and profit for the period to be correspondingly lower versus 2019.
In a generally friendly market environment, Bucher Industries increased order intake by 14% to CHF 1 227 million in the first half of 2013. Sales were up 2% to CHF 1 410 million, while operating profit improved by 5% to CHF 141 million. Group profit for the period amounted to CHF 95 million, surpassing the figure for the same period of last year by 4%. For 2013 as a whole, the Group expects a modest increase in sales and a further improvement in operating profit and profit for the year.
On the basis of solid demand in all divisions, Bucher Industries increased order intake by 15% to CHF 672 million in the first quarter of 2013. Sales reached CHF 658 million, a 4% decline compared with the high level recorded for the same period of the previous year. The acquisition effect was just under 3%.
The shareholders attending today’s annual general meeting of Bucher Industries AG approved all the board of directors’ proposals. In addition to the regular agenda items, the shareholders approved the re-election of Rolf Broglie and Anita Hauser to the board.
Bucher Hydraulics, a division of Bucher Industries, is creating a new production and engineering base in Brazil by acquiring Eco Sistemas near Porto Alegre. Eco Sistemas is the ideal partner to establish the new hub of Bucher Hydraulics in South America.
In the 2012 business year, Bucher Industries increased sales by 12% to CHF 2 609 million, while operating profit rose 21% to CHF 229 million. The operating profit margin increased to 8.8%. Profit for the year also grew by 21%, reaching CHF 154 million. The board of directors is proposing a dividend of CHF 5.00 per share to the annual general meeting on 11 April 2013.
Bucher Industries increased sales by 12% to CHF 2 609 million in the 2012 business year. Order intake of CHF 2 490 million was 4% down on the high level of the previous year because of major one-off orders in 2011 and the slowdown in the market for hydraulic components. For 2012 the Group expects double-digit growth in operating profit and profit for the year.
Bucher Industries is acquiring the medium-sized enterprise Ölhydraulik Altenerding in Erding, Germany, for its Bucher Hydraulics division. The company specialises in advanced hydraulic cylinder technology for high-pressure applications, which complements Bucher Hydraulics' portfolio of hydraulic solutions.
Bucher Industries AG is publishing its first sustainability report in accordance with the GRI G3 Level C standard. Environmental indicators based on data collected for the first time in 2011 ensure additional transparency. The findings of the survey will feed into the operations of the Group companies.
Bucher Unipektin, a subsidiary of Bucher Industries AG, is strengthening its beverage technology activities in the area of beer filtration by acquiring the engineering business of the world-leading Filtrox Group.