Switzerland's Bucher Industries 9-month sales dip, orders fall on weak demand
Switzerland's Bucher Industries 9-month sales dip, orders fall on weak demand
Overview
Switzerland engineering group's 9-month sales and orders held near prior-year levels
Company says demand stabilised, with non-agriculture segments offsetting weaker farm equipment
Cost-saving measures continued amid low capacity utilisation at some production sites
Outlook
Bucher expects 2026 group sales to be slightly lower on a comparable basis
Company sees 2026 operating profit margin below prior-year level, excluding 2025 property sale gain
Result Drivers
NON-AGRICULTURE SEGMENTS - Co said demand was stabilised mainly by segments outside agriculture
COST-SAVING MEASURES - Co continued cost-saving efforts at sites with low capacity utilisation
HYDRAULICS DEMAND - Increased demand for hydraulic solutions, especially for construction machinery and mobile electric drive technology
Company press release: ID:nEQbQNSP9a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Sales |
| CHF 2.10 bln |
|
9M Order Backlog |
| CHF 1.04 bln |
|
9M Orders |
| CHF 2.03 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."
Wall Street's median 12-month price target for Bucher Industries AG is CHF330.00, about 1.2% below its October 26 closing price of CHF334.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
Oct 26 - Germany's EDAG Engineering prelim 9M revenue falls on automotive customer restructuring, cuts FY26 outlook
Oct 26 - MotorK nine-month revenue falls 13% on non-core exit; withdraws FY26 CARR guidance
Oct 26 - Italy's Sogefi nine-month revenue rises on Europe, India growth
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)