Burckhardt Compression (BCHN) H1 2026 earnings summary

Executive summary

• Sales increased by 2.8% year-over-year to CHF 516.2 mn, supported by a large order backlog and operational strength despite global uncertainty and currency fluctuations.

• Net income remained stable at CHF 48.7 mn, down 0.9% year-over-year, with EBIT margin at 12.7%, slightly below the previous year.

• Order intake declined 34.9% year-over-year to CHF 400.7 mn, mainly due to deferred projects in the Systems Division following US tariff announcements and market uncertainties.

• Resilience supported by diverse end-market presence, operational excellence, and targeted cost reduction measures.

• Acquisition of Advanced Compressor Technology in the US enhances local manufacturing, service, and spare parts capabilities.

Financial highlights

• Sales: CHF 516.2 mn (+2.8% y-o-y); gross profit: CHF 146.2 mn (+2.0% y-o-y); gross margin at 28.3%.

• Operating income (EBIT): CHF 65.5 mn (-2.3% y-o-y); EBIT margin: 12.7% (down 0.7pp).

• SG&A expenses stable at 12.3% of sales; R&D expenses increased to 2.9% of sales, focusing on marine, hydrogen, and digital solutions.

• Positive net financial position of CHF 6.3 mn, with borrowings reduced and cash position at CHF 159.7 mn at period end.

• Shareholders’ equity increased to CHF 303.8 mn, with an equity ratio of 26.1%.

Outlook and guidance

• FY 2025 sales expected at ~CHF 1.1 bn, with EBIT margin similar to FY 2024 and stronger profitability anticipated in H2.

• Mid-term plan remains on track, underpinned by global megatrends in energy and industrial demand.

• Order backlog provides visibility and confidence in meeting guidance.