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 SHP pumps are used on LPG tankers with dual fuel engines. Burckhardt Compression has already established a corresponding service infrastructure for its gas compressors in the marine sector with a worldwide network of more than 300 field service staff and representatives in more than 80 countries. Burckhardt Compression’s marine team is therefore very familiar…
The Assiut hydrocracking complex in Egypt will be one of the country’s major strategic refineries and will help to meet growing local demand for cleaner products, mainly EURO-V diesel. The EURO-V standard reduces atmospheric pollutants by imposing stricter limits on exhaust emissions. Burckhardt Compression’s three make-up gas compressor units, each with a frame rating of…
A fast-growing solution for decarbonizing mobility and industrial applications is to use hydrogen as energy carrier. To solve the challenges of hydrogen handling, transportation and storage, liquefied hydrogen is an attractive alternative. Burckhardt Compression expects the transition from fossil fuel to hydrogen to drive strong market growth for hydrogen compression during the coming decades. The…
In September 2020 Burckhardt Compression announced the signing of a memorandum of understanding to acquire the remaining 40% of Shenyang Yuanda Compressor, based in Shenyang, China. The contract to acquire the shares was signed on January 25, 2021. Closing is expected within the next two weeks. Burckhardt Compression has owned 60% of Shenyang Yuanda Compressor…
To solve this challenge, the industry often uses oil-lubricated compressors with complex oil removal systems or accepts the typically short maintenance intervals of oil-free compressors (~8’000 – 12’000 hours). Burckhardt Compression has proven at a customer site in Germany, that new sealing technologies can solve this challenge. Oil-free API 618 Process Gas Compressor in operation…
FirstElement Fuel Inc. has ordered a compressor package to be installed at their upcoming hydrogen transfill facility in Northern California. Burckhardt Compression is providing a vertical non-lube API-618 compressor, type 3C4YC1.32_1, using their Persisto® sealing material in addition to their Redura® piston and packing configurations for longer running time between maintenance intervals. The unit including…
Sales, operating income and net income significantly higher compared to prior-year levels; temporary margin fluctuations at divisional level Lower order intake due to coronavirus Bond placed successfully on Swiss capital market Assuming that the economic environment will not deteriorate significantly, management confirms guidance for full-year 2020 Group-level Mid-Range Plan targets for fiscal year 2022 confirmed…
Burckhardt Compression issued a CHF 100 million bond with a maturity of 4 years and a coupon of 1.50%. With this bond the company primarily finances the recently announced acquisition of the remaining 40% of Shenyang Yuanda Compressor based in Shenyang, China. The issue was lead managed by Zürcher Kantonalbank. The bond will be listed…