Switzerland's Bucher Q1 sales fall 7% on weak demand

Bucher Industries AG

28/04/2026 05:29

Overview

Switzerland-based engineering group's Q1 sales fell 7.3% yr/yr amid modest demand

Order intake declined, with Kuhn Group and Emhart Glass posting significant drops

Company confirms 2026 outlook but cites increased political uncertainties

Outlook

Bucher Industries confirms 2026 outlook for stable sales on a comparable basis

Company expects 2026 operating profit margin to remain at prior-year level, excluding property sale gain

Company says political uncertainties make demand recovery for 2026 difficult to assess

Result Drivers

FARMER UNCERTAINTY - Kuhn Group order intake fell as lower milk prices, higher production costs, and political uncertainty reduced farmers’ willingness to invest

EMHART GLASS WEAKNESS - Emhart Glass sales dropped sharply due to lack of major projects and low order intake in previous periods

HYDRAULICS DEMAND - Bucher Hydraulics saw increased order intake, driven by demand for construction machinery and mobile electric drive technology

Company press release: ID:nEQWzM5ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
CHF 725 mln
Q1 Order Backlog
CHF 1.01 bln
Q1 Orders
CHF 643 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "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 CHF385.00, about 16.8% above its April 27 closing price of CHF329.50

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

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.)