In the meantime, the Board has been informed by Marcel Pawlicek that he has decided not to stand for election to the Board of Directors. With the present portfolio and the number of mandates Marcel Pawlicek has accepted, the Board understands but regrets his decision and wishes him success with his future endeavors.
Higher order intake of CHF 676.6 mn (+11.4% year-on-year), with both Divisions above prior year: Systems Division +12.0%, Services Division +10.5% Increased EBIT margin from 8.7% to 9.2%, driven by a relevant increase in the EBIT margin of the Systems Division Significant increase in earnings per share to CHF 13.00 (+36.0% year-on-year) Substantial increase in…
The Annual General Meeting took place at company headquarters in Winterthur, in the presence of the independent proxy, a representative of the external company auditor, Chairman of the Board of Directors Valentin Vogt, and Ton Büchner, who was standing for election to the Board of Directors as a new director and as the new Chairman…
Order intake lower versus previous year Consolidated order intake amounted to CHF 607.3 mn, 7.8% below the figure for the previous fiscal year, which was the highest ever recorded in the history of Burckhardt Compression. Excluding the effects of currency translation and acquisition activity, incoming orders declined by 8.8% y-o-y. Both divisions experienced order deferrals…
With the acquisition of the global compressor business from The Japan Steel Works Burckhardt Compression is strengthening its market presence in Japan. The Japan Steel Works Ltd. whose headquarters are located in Tokyo generated in 2018 overall sales of CHF 1.9 billion. Approximately 1-2% of the overall sales is estimated to be generated in the…
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Burckhardt Compression is purchasing the global compressor business of The Japan Steel Works Ltd. whose headquarters are located in Tokyo. JSW is listed on the Japanese stock exchange. Burckhardt Compression (Japan) Ltd, headquartered in Yokohama, will assume responsibility for the local customer relationship management. Further expansion With the acquisition of the compressor business from JSW,…
The Static Hydrogen Compressor from Burckhardt Compression operates without moving parts but with thermal active metal hydrides. The Static Hydrogen Compressor is based on the GRZ’s HYCO laboratory scale metal hydrides compression solution that is already in use for small amounts of hydrogen. Burckhardt Compression will scale up the solution for the new, strongly developing…
Ton Büchner (54) was the CEO and Chairman of the Board of Management of AkzoNobel, a Dutch multinational company, from 2012 to 2017. Prior to joining AkzoNobel, he worked for Sulzer for 18 years, ultimately serving as the company’s CEO from 2007 to 2011. Ton Büchner began his professional career in the oil and gas…
Burckhardt Compression registers their first commercial success with a new capex-optimized line of compressors compliant with API Standard 618 launched a few months ago. “Burckhardt Compression has leveraged its global setup with locations around the world to offer this new, capex-optimized line of compressors. It allows us to target and win over new groups of…