Bucher Industries, a leading Swiss machinery industry company, has reported a slight decrease in sales for the year 2023. This dip can be attributed to the decline in demand, which aligns with the general economic slowdown globally. The company anticipates further drop in sales this year.
According to Bucher Industries, their net sales for the full year amounted to 3.58 billion Swiss francs ($4.16 billion), representing a 0.6% decrease compared to the previous year (2022). However, the negative impact of currency fluctuations was largely offset by price increases.
When adjusted for currency effects, Bucher Industries reveals a more positive picture, with sales actually increasing by 3.7%.
Despite the decrease in sales, Bucher Industries has managed to maintain its operating profit margin and profit figures slightly above the high levels achieved in the prior year. In 2023, the operating profit margin was reported at 11.8% while the profit totaled CHF425 million. However, the company expects a decline in the operating profit margin in 2024, although it will remain in double digits. Furthermore, the profits are also projected to be lower compared to the previous year.
Looking ahead, Bucher Industries foresees a continued weakening of demand in 2024 due to an increasingly uncertain business environment. This will likely result in a further decline in sales as the business momentum slows down.
The full 2023 results of Bucher Industries will be published on March 1, providing a comprehensive overview of the company’s financial performance for the year.