As communicated in February 2023, the Office of the Attorney General of Switzerland had filed charges with the Federal Criminal Court against two employees of Burckhardt Compression AG (BCAG), accusing them of having exploited insider knowledge when they purchased shares for the company’s ordinary employee stock ownership program on behalf of BCAG in May 2020….
Following a period of exceptional growth driven by a robust post-pandemic recovery and bolstered by upfront investments in the energy transition, the markets of the Group are normalizing. This is in line with the Group’s expectations and is reflected in the order intake for the period, which now excludes exceptional orders. In this dynamic market…
After a welcome address by the Chair of the Board of Directors Ton Büchner and a review of the 2022 fiscal year from CEO Fabrice Billard and CFO Rolf Brändli, shareholders approved all proposals of the Board of Directors. Kaspar W. Kelterborn was elected as a new independent member of the Board of Directors. The…
Despite the challenges stemming from the macroeconomic and political environment, Burckhardt Compression achieved a record- level order intake of CHF 1.27 bn, exceeding the CHF 1 bn mark for the first time in its history. Strong deliveries throughout the year underpinned sales growth of 27.5 % versus the previous year, reaching a new record of…
Based on the order intake of the fiscal years 2020 and 2021 and on the challenges in the supply chains, Burckhardt Compression communicated and confirmed on December 20, 2022, its outlook for the full fiscal year 2022 with sales between CHF 720 million and CHF 760 million and an EBIT margin similar to the fiscal…
As already communicated in the Ad hoc announcement of November 1st, 2022, Burckhardt Compression recorded an extraordinary growth in orders in the first half of fiscal year 2022 with CHF 706.7 million, a 57% increase in comparison with the previous year period. Since October 1st, Burckhardt Compression continued to win large orders for applications related…
Key highlights: • Group sales to grow at 9% CAGR until 2027 to approx. CHF 1.1 bn • Of which, approximately 40% from applications that support the world’s energy transition • Raising the bar, with EBIT margin growing to a range of 12% to 15%, representing at the mid-point value more than a doubling of…
The first half of the current fiscal year 2022 was marked by an exceptionally high order intake, strong sales growth and a significant increase in profitability compared to the prior-year period. On the strategic and operational side, Burckhardt Compression continued to rapidly develop in the hydrogen mobility and energy market. The company also progressed on…
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.
The Annual General Meeting took place at company headquarters in Winterthur, in the presence of the independent proxy holder, a representative of the external statutory auditor, a notary public, the Chairman of the Board of Directors Ton Büchner, the CEO Fabrice Billard and the board secretary. Shareholders passed all proposals of the Board of Directors….