Bucher Industries stock faces softer 2026 sales and margins

Bucher Industries expects slightly lower comparable sales in 2026 and an operating margin below the prior-year level, as weak agricultural equipment demand and a downturn in glass-container machinery offset growth in hydraulics. Reuters reported the outlook on October 27, 2026, in a report published by Investing.com.

Demand remains uneven

Sales for the first nine months declined 2.8 percent to CHF 2.10 billion from CHF 2.16 billion a year earlier. Order intake fell 1.4 percent to CHF 2.03 billion, although it rose 0.2 percent after adjustments for currency effects and acquisitions.

Kuhn Group, the agricultural equipment division, recorded lower orders and sales. Drought in Europe reduced crop and forage yields, while higher fertiliser and diesel costs constrained farmers' investment appetite. A downturn in Brazil also left some production sites operating below capacity.

Hydraulics offsets part of weakness

Bucher Hydraulics delivered a stronger performance, with orders up 5.8 percent to CHF 502 million and sales rising to CHF 497 million. Demand for construction machinery and mobile electric drive technology supported the division, which expects slightly higher comparable sales and a somewhat higher operating margin.

Bucher Emhart Glass remained under pressure. Sales fell 20.9 percent to CHF 206 million, reflecting weak earlier order intake and a lack of major new projects. The division expects significantly lower sales and operating profitability, while cost-saving measures continue at sites with low capacity utilisation.

Outlook keeps execution in focus

The 2026 margin comparison excludes a CHF 43 million property-sale gain recorded in 2025. That adjustment puts the focus on underlying operating performance as management responds to softer volumes, restructuring costs and uneven demand across its divisions.

Swiss industrial shares are followed in the SMI market environment.

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