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:

Key Details

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

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(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.)