Bucher Hydraulics, a division of Bucher Industries, is acquiring the mobile electric drive technology business of Lenze Schmidhauser in Romanshorn. Bucher is thus focusing more strongly on the trend towards electric mobility.
For the 2014 business year, Bucher Industries increased sales by 4% to CHF 2.8 billion and order intake by 1% to CHF 2.7 billion. The operating profit margin fell to 9.2%, while profit for the year reached CHF 190 million, almost as high as the previous year's record level. The board of directors will propose an unchanged dividend of CHF 6.50 per share to the annual general meeting on 14 April 2015.
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.
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.
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.
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.
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.