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As expected, Bucher Industries’ markets weakened over the course of the first quarter of 2024 in line with the general economic slowdown. The agricultural machinery market in particular was severely impacted by economic and political uncertainties. Order intake and sales fell below the prior-year period.
At today’s annual general meeting (AGM) of Bucher Industries AG, the shareholders agreed to all the proposals put forward by the board of directors. The dividend is CHF 13.50 per registered share. 187 shareholders with voting rights were present and a total of 75.92% of the votes were represented.
Over the course of the reporting period, demand for Bucher Industries’ products and services declined in line with the general economic slowdown, and order intake normalised. Sales remained on a par with the prior-year level, with capacity utilisation lower in the second half of the year. The operating profit margin reached a very good 11.9%. The profit for the year was CHF 356 million, once again above the high figure of the previous year. Earnings per share were CHF 34.38, exceeding the prior year. The board of directors proposes a dividend of CHF 13.50 per share.
Demand for Bucher Industries’ products and services declined in line with the general economic slowdown, and order intake normalised. Sales remained on a par with the prior-year level, with capacity utilisation lower in the second half of the year. The operating profit margin and the profit for the year are expected to be slightly above the high prior-year figures.
Frank Mühlon has been appointed as the new division president of Bucher Hydraulics and member of group management as of 1 July 2024. He succeeds Daniel Waller, who is stepping down after 20 very successful years in this position.
Demand for Bucher Industries’ products and services declined in the first nine months of 2023 in line with the general economic slowdown. Order intake normalised from its peak in 2022. Sales increased, but business momentum slowed towards the end of the reporting period.
Demand for the products and services of Bucher Industries declined in the first half of 2023 from an extremely high level in 2022 in line with the general economic slowdown. The Group’s order intake declined in all divisions except Bucher Emhart Glass and Bucher Specials, which maintained the level of the prior year. Sales again rose significantly. The operating profit margin exceeded the prior year’s very good level. The Group’s profit for the period also increased significantly.
Bucher Industries’ markets continued to normalise during the first quarter. Demand decreased but remained at a high level. Sales again increased significantly.
At today’s annual general meeting (AGM) of Bucher Industries AG, the shareholders agreed to all the proposals put forward by the board of directors. The dividend is CHF 13.00 per registered share. 154 shareholders with voting rights were present and a total of 76.64% of the votes were represented.