Burckhardt Compression with record-level financials, accelerating its growth in new energy markets | June 06, 2023 | Ad hoc announcement pursuant to Art. 53 LR |
Burckhardt Compression achieved in fiscal year 2022 the following record financials: – Order intake of CHF 1.27 bn, +29.9 % year-on-year – Sales of CHF 829.7 mn, +27.5 % year-on-year – Operating income (EBIT) of CHF 95.0 mn, +35.0 % year-on-year Earnings per share of CHF 20.64, +39.3 % year-on-year. Dividends of CHF 12.00 proposed, an increase of 60.0% year-on-year. Achieved targets of Mid-Range Plan 2018-2022, with clear progress on the company’s sustainability commitments and roadmap. Kaspar W. Kelterborn proposed as new board member. Urs Leinhäuser decided to not stand for reelection. Guidance for fiscal year 2023: sales between CHF 950 mn and CHF 1’000 mn, with an operating margin at a similar level as in fiscal year 2022. |
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Burckhardt Compression: Sales and operating profit higher than expected in fiscal year 2022 | May 05, 2023 | Ad hoc announcement pursuant to Art. 53 LR |
Burckhardt Compression is closing its fiscal year 2022 with sales amounting to approximately CHF 830 million and an expected operating profit margin around 11.3%. | Read more |
MBO shareholder group of Burckhardt Compression reports shareholding of 9.97% | April 26, 2023 | News |
The MBO shareholder group initiated and participated in the management buyout transaction in 2002 and conducted Burckhardt Compression's IPO in 2006. Over the years, the MBO shareholder group regularly renewed their shareholders' agreement. Its members retired in the meantime from the company's executive management and from the Board of Directors and they gradually reduced their ownership in the company over the last 16 years. | Read more |
Overhaul of four non-Burckhardt compressors helps steel mill becoming green | March 16, 2023 | Success Story |
One of Europe's most significant steelmaking companies needed quick help to revive four non-Burckhardt compressors that had not been used in 10 years. The company turns one of its plants into a sustainable steelmaking plant fulfilling all environmental regulations set by the region, the country and the EU. They contacted the OEM and Burckhardt Compression for support. The customer works under a strict time schedule, tight budget and experts are needed for the overhaul of the compressors including auxiliary equipment such as motors and coolers. The company chose Burckhardt Compression because of our expert knowledge of compressors and auxiliary equipment. | Read more |
Burckhardt Compression strengthens its presence in Thailand | February 14, 2023 | News |
After four years of successful cooperation as authorized service partner of Burckhardt Compression, SPAN Maintenance and Service Co. Ltd. in Thailand will be incorporated into the newly established subsidiary Burckhardt Compression (Thailand) Co. Ltd. as of April 1, 2023. All business which was handled by SPAN Maintenance and Service Co., Ltd. will be handed over and the related customers will be served by Burckhardt Compression (Thailand) Co. Ltd. in the future. | Read more |
Investigation and proceedings | February 06, 2023 | News |
Investigation and proceedings against employees of Burckhardt Compression in connection with the purchase of shares for the ordinary employee stock ownership program. | Read more |
Burckhardt Compression: Order intake passed one billion Swiss francs | December 20, 2022 | Ad hoc announcement pursuant to Art. 53 LR |
Since the start of the fiscal year on April 1st 2022, Burckhardt Compression's order intake passed one billion Swiss francs, a new milestone in the company's history. The sales and EBIT outlook for the full fiscal year 2022 is confirmed. | Read more |
Optimized energy efficiency and fewer emissions after compressor revamp | November 24, 2022 | Process Gas Compressor |
Our customer, a global chemicals company, operates two vertical Process Gas Compressors in their petrochemical plant. High leakages, reduced gas flow, temperature issues and a very short lifetime of wear parts led to frequent compressor shutdowns and wasteful energy consumption. A detailed system integrity analysis by Burckhardt Compression identified inappropriate tribology material and design as the root cause of all problems. | Read more |
New Mid-Range Plan: Creating leading compression solutions for a sustainable energy future – Growing to CHF 1.1 bn sales and doubling EBIT | November 01, 2022 | Ad hoc announcement pursuant to Art. 53 LR |
Burckhardt Compression today will outline its new Mid-Range Plan. In a dynamic market context, where the transition towards a new energy economy plays an increasing role, the executive leadership team will highlight its new ambitions and strategy. It will outline its strong commitment to value creation and communicate new, clearly higher financial and ESG targets for 2027. | Read more |
Burckhardt Compression with exceptional increase in order intake, strong sales and EBIT growth | November 01, 2022 | Ad hoc announcement pursuant to Art. 53 LR |
• Exceptional increase in order intake to CHF 706.7 mn (+56.8% y-o-y) • Strong delivery, with sales reaching CHF 335.8 mn, a growth of 25.1% versus prior-year period • Overproportionate increase of EBIT to CHF 35.5 mn (+35.0% y-o-y) and earnings per share to CHF 7.23 (+37.7% y-o-y) • Ongoing progress with sustainability activities and commitments • Full-year outlook confirmed |
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Four dry-dock compressor services completed within 3.5 months | October 11, 2022 | Success Story |
Within 3.5 months, four Korean-owned LNG vessels went into dry dock to complete their 5-year service in Korea and Burckhardt Compression was on board to service the compressor systems and auxiliaries. | Read more |
Quick solution thanks to UP! Remote Support brings compressor back to smooth operation | September 28, 2022 | Success Story |
BASF PETRONAS Chemicals Sdn. Bhd. is a Malaysia-based joint venture that operates an Integrated Verbund Site situated at the Gebeng Industrial Zone, Pahang. In need of prompt support for a compressor that was not running smoothly, BASF PETRONAS Chemicals turned to Burckhardt Compression. | Read more |