The media information page contains press releases with the latest news from the divisions and the Group. You will also find ad hoc announcements, publications, presentations and pictures.
Bucher Industries publishes its sustainability report 2020. The company reaffirms its sustainability strategy which consists of the four pillars “Customers”, “Employees”, “Environment” and “Compliance” and incorporates social, environmental and governance considerations. Bucher Industries uses the Global Reporting Initiative (GRI) Standards as the basis for its report on sustainability.
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.
The first quarter of 2021 was very dynamic for Bucher Industries overall and the Group saw demand for products and services increase in every division. Order intake grew by more than a third. The growth in sales was not as steep due to increasing challenges in production.
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 6.50 per registered share. The AGM was held without the physical attendance of shareholders. A total of 73.46% of the votes were represented by the independent proxy holder.
The strong drop in demand in the first half of the year was followed by a recovery from mid-year onwards, which gained momentum towards the end of the reporting period. Sales were below last year’s record-high level. The operating profit margin was 7.4% and profit for the year was CHF 152 million. The board of directors proposes a dividend of CHF 6.50 per share.
Claude Cornaz (60), who has served since 2002 as a member of the board of directors and the compensation committee, will not stand for re-election at the 2021 annual general meeting.
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.
The demand for Bucher Industries’ products and services normalised in the third quarter. Most production sites could resume operations without any notable restrictions and deliver to customers. The financial position of the Group remains solid.
Bucher Municipal, a division of Bucher Industries, is acquiring the leading local manufacturer of sewer cleaning equipment and accessories in Australia. With this acquisition, Bucher Municipal complements its product range for the Oceanian market.