Burckhardt Compression (BCHN) H2 2025 earnings summary

Executive summary

• Achieved record sales of CHF 1.1 billion, net income above CHF 100 million, and operating cash flow over CHF 200 million, with strong compressor deliveries and a resilient service business.

• Board proposed a 16% dividend increase to CHF 18 per share, reflecting strong profitability and cash generation.

• Advanced sustainability initiatives, including a 38% reduction in CO2 emission intensity and 71% renewable electricity usage.

• Significant progress on mid-range plan targets, with a growing installed base and new product launches.

Financial highlights

• Order intake rose 2.4% year-over-year to CHF 1,151.2 million; sales increased 12.6% to CHF 1,095.6 million.

• EBIT margin improved by 1.2pp to 12.9%, with EBIT at CHF 104.8 million and net income at CHF 105.6 million, up 25% year-over-year.

• Operating cash flow reached CHF 213 million, resulting in a positive net financial position of nearly CHF 70 million.

• Gross profit increased by 20.1% to a margin of 28%, driven by favorable product mix and higher capacity utilization.

• Earnings per share grew at a CAGR of 25.1% since 2018, reaching CHF 31.20.

Outlook and guidance

• FY 2025 guidance: sales expected at CHF 1.1 billion, EBIT margin to remain at 12.9%, with stronger profitability in H2.

• On track to achieve 2027 targets: CHF 1.2 billion sales and 12-15% EBIT margin.

• Strong order backlog and positive megatrends support outlook despite potential indirect effects from US tariffs and a strong CHF.