Bucher Industries (BUCN) Q4 2025 TU earnings summary

Executive summary

• Order intake increased by 4.6% year-over-year, driven by market stabilization in Europe despite economic policy uncertainties and trade tariffs.

• Net sales declined by 7.6% compared to the prior year, reflecting a low order book at the start of the period.

• Operating profit for 2025 included a CHF 43 million gain from a property sale; excluding this, the operating profit margin is expected to be around 8%.

• Cost-saving measures were expanded, and workforce adjustments were made, particularly in the USA.

Financial highlights

• Order intake: CHF 2,883 million (+4.6% year-over-year); Net sales: CHF 2,914 million (-7.6% year-over-year).

• Operating free cash flow remained a focus, and a share buyback program repurchased 3.1% of shares for CHF 122 million.

Outlook and guidance

• Stable sales expected for 2026 on a comparable basis, with operating profit margin projected to remain at the prior-year level, excluding the property sale gain.

• Ongoing economic policy uncertainties may continue to impact investment willingness.