Bucher Industries Q1 Report 2024

As expected, Bucher Industries’ markets weakened over the course of the first quarter of 2024 in line with the general economic slowdown. The agricultural machinery market in particular was severely impacted by economic and political uncertainties. Order intake and sales fell below the prior-year period.

Demand for Bucher Industries’ products and services declined over the course of the first quarter of 2024 in line with the general economic slowdown. The economic and political uncertainties affected the agricultural machinery market in particular. Order intake fell below the prior-year period overall, although the divisions were affected to varying degrees.

Demand for agricultural machinery continued to decline during the reporting period. Farmers remained reluctant to invest because prices for agricultural commodities had fallen, interest rates were high, and fewer subsidies were available. In addition, inventories of agricultural machinery remained high in the dealer network, which weakened demand in all regions. Order intake remained especially low in Brazil, and in Europe the uncertain political climate had a negative impact and wet weather conditions delayed seeding.

Increase in sales

Demand remained stable overall at Bucher Municipal. The truck-mounted sweeper and sewer cleaning vehicle segments benefited from the improved delivery capacity for chassis. The compact sweeper business declined, partly due to a reduction in subsidies for electrified vehicles in Europe.