Brief: Bucher Reports Half Year Net Sales CHF 1778 Mln Versus CHF 1608 Mln

Bucher Industries AG

28/07/2022 05:10

July 28 (Reuters) - Bucher Industries AG  BUCN.S :
    * GOOD RESULT WITH A MARKED INCREASE IN SALES
    * GROUP EXPECTS DEMAND TO WEAKEN OVER SECOND HALF OF YEAR
WHILE
STILL REMAINING AT A VERY HIGH LEVEL
    * BUCHER MUNICIPAL ANTICIPATES SALES TO BE ON A PAR WITH
THOSE OF
2021
    * HALF YEAR NET SALES CHF 1778 MILLION VERSUS CHF 1608
MILLION
    * BUSINESS ACTIVITIES IN RUSSIA WERE SIGNIFICANTLY REDUCED
    * WAR BETWEEN RUSSIA & UKRAINE, STRICT COVID-19 MEASURES IN
CHINA
LED TO UNCERTAINTIES WITH NOTICEABLE CONSEQUENCES FOR SUPPLY
CHAIN
    * GROUP ANTICIPATES HIGHER SALES AND A SOMEWHAT LOWER
DOUBLE-DIGIT
OPERATING PROFIT MARGIN FOR 2022 COMPARED WITH 2021
    * GROUP'S PROFIT FOR 2022 IS EXPECTED TO BE ON A PAR WITH
HIGH
LEVEL OF PREVIOUS YEAR

Source text for Eikon:  ID:nEQ3W4Qfva 
Further company coverage:  BUCN.S 

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