Burckhardt Compression to Deliver One Process Gas Compressor at the Upper Performance Range and One Hyper Compressor for LDPE Production in North America December 17, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has won an order for one Process Gas Compressor at the upper performance range as Booster/Primary Compressor and one Hyper Compressor for the customer’s LDPE production plant in North America. The customer chose Burckhardt Compression because of the company’s good reputation in the LDPE market as an original equipment manufacturer (OEM). Read more
Numerous Orders of Burckhardt Compression’s Laby®-GI Compressors for High Demanding Offshore Applications November 26, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded numerous orders for its fully balanced Laby®-GI Compressor, tailor engineered for demanding offshore applications. One of the market leaders in the shipbuilding industry has ordered two Laby®-GI Compressors as fuel gas compressors for two LNG carriers. The compressor systems will inject boil-off gas into the ME-GI dual-fuel two-stroke engines from MAN Diesel & Turbo for LNG carrier propulsion systems. In addition, Burckhardt Compression has been awarded an order for a Laby®-GI Compressor as a minimum send-out (MSO) compressor on a Floating Storage and Regasification Unit (FSRU). Read more
JiangSu Sailboat Petrochemical Selected Burckhardt Compression to Supply Key Equipment for Both Autoclave and Tubular Processes in New LDPE-EVA Plant November 08, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has been awarded an order from JiangSu Sailboat Petrochemical Co., Ltd. to deliver two Hyper Compressors as Secondary Compressors and two Process Gas Compressors as Booster/Primary Compressors for their LDPE-EVA plant in Lianyungang City, China. The production process is licensed by LyondellBasell. Read more
Burckhardt Compression results for the first half of fiscal year 2013: Order intake and sales sharply higher, lower margins November 05, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression, one of the world’s leading manufacturers of reciprocating compressors, experienced pleasing growth in the first half of fiscal year 2013 (April to September). Order intake increased by 23% and sales grew 11%. The EBIT margin of 14% was below average; the net income margin stood at 11%. Burckhardt Compression expects sales for the year to grow by nearly 20% on a year-on-year basis. Order intake is expected to exceed the full-year sales figure for 2013. The operating income margin will be in the lower third of the long-term target range of 15% to 20%. Read more
Burckhardt Compression: Revised guidance for first half fiscal year 2013 September 24, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression expects its sales for fiscal year 2013 to be nearly 20% higher than in the previous fiscal year while the order intake is likely to exceed the sales. The operating profit margin for fiscal year 2013 is expected to be in the lower third of the long-term target range of 15% – 20%, which is slightly less than the guidance given with the publication of the 2012 annual report. Due to two major compressor system projects that will presumably be concluded with lower than expected gross margins, the operating profit margin in the first half will be significantly lower than in the second half. Read more
Burckhardt Compression Awarded Service Contract from One of the Leading Global Industrial Gas Producers July 22, 2013 | Ad hoc announcement pursuant to Art. 53 LR
One of the four major global industrial gas producers selected Burckhardt Compression for a field service & valves maintenance framework supply agreement. The agreement builds upon a long-term business relationship between the two companies. Read more
Annual General Meeting of Burckhardt Compression: All motions of the Board of Directors approved June 29, 2013 | Ad hoc announcement pursuant to Art. 53 LR
At the Annual General Meeting of Burckhardt Compression Holding AG held at the Parkarena in Winterthur, the attending shareholders approved all motions of the Board of Directors. The dividend was set at CHF 9.00 per share (previous year CHF 7.00). Read more
Fiscal year 2012: Higher order intake – sales growth – profitability stable – dividend raised again June 04, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression, one of the world’s leading manufacturers of reciprocating compressors, increased its order intake during the fiscal year 2012 (closing March 31, 2013) by 6% to a new record high amid a persistently challenging business environment. Sales rose by 12%. Operating profit and net income also showed strong growth. A CHF 2.00 increase in the dividend to CHF 9.00 per share will be proposed to shareholders at the upcoming annual general meeting, which corresponds to a payout ratio of 54%. The Board of Directors has increased the targeted payout range from 40%–60% to 50%–70%. For the current fiscal year Burckhardt Compression expects a renewed increase in orders received, significantly higher sales and an operating profit margin near the middle of the long-term target range of 15% to 20%. Read more
Burckhardt Compression: First Order for Laby®-GI Fuel Gas Compressor for Dual-Fuel Two-Stroke Engines on LNG Carriers May 16, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression received the first order for the fuel gas compressor system Laby®-GI for two LNG carriers. This marks a major milestone for Burckhardt Compression in setting up a compressor business for energy-efficient, environmentally friendly propulsion systems for gas-operated marine diesel engines. The compressor system will inject boil-off gas into the ME-GI dual-fuel two-stroke engine from MAN Diesel & Turbo. Read more
Burckhardt Compression: Executive Board enlarged April 11, 2013 | Ad hoc announcement pursuant to Art. 53 LR
Burckhardt Compression has appointed 43-year-old Keven Li, currently the Managing Director of Burckhardt Compression (Shanghai) Co. Ltd., to its Executive Board as a new member. Keven Li assumes this position retroactively to April 1, 2013. As part of its organic growth strategy, Burckhardt Compression is further expanding its geographic presence and strengthening the subsidiaries. China is an important market for the company and will be even more important in the future. Read more
Burckhardt Compression: Change in purpose of share buyback program January 18, 2013 | Ad hoc announcement pursuant to Art. 53 LR
The Board of Directors of Burckhardt Compression Holding AG, Winterthur, has decided to amend the purpose of the share buyback program and now intends to place the repurchased shares with institutional investors in the immediate future. Read more
Burckhardt Compression: Share placement completed January 18, 2013 | Ad hoc announcement pursuant to Art. 53 LR
The placement with institutional investors of the 75’317 registered shares repurchased was successfully completed on January 18, 2013. Read more