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.
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.
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.
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.
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.
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.
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.