Brief: Burckhardt Compression H1 EBIT Up At CHF 26.0 Mln

Burckhardt Compression Holding AG

04/11/2020 07:54

Nov 4 (Reuters) - BURCKHARDT COMPRESSION HOLDING AG
 BCHN.S :
    * H1 ORDER INTAKE AT CHF 303.0 MN, DECLINE OF -8.0% COMPARED
TO H1
OF LAST YEAR OR -13.3% BEFORE ACQUISITIONS OF ARKOS FIELD
SERVICES AND COMPRESSOR BUSINESS OF JAPAN STEEL WORKS 
    * H1 SALES AMOUNTED TO CHF 295.2 MN, INCREASE OF 6.9% (0.6%
BEFORE
ACQUISITIONS)
    * H1 GROSS PROFIT INCREASED 13.7% TO CHF 73.7 MN, RESULTING
IN
GROSS PROFIT MARGIN OF 25.0% (PRIOR-YEAR PERIOD: 23.5%)
    * H1 GROUP OPERATING INCOME (EBIT) ROSE SUBSTANTIALLY TO CHF
26.0
MN (PRIOR-YEAR PERIOD: CHF 16.7 MN) RESULTING IN EBIT MARGIN OF
8.8% (PRIOR-YEAR PERIOD: 6.0%)
    * H1 NET INCOME AT CHF 19.0 MN CAME IN SIGNIFICANTLY HIGHER
COMPARED TO PRIOR-YEAR FIGURE OF CHF 11.8 MN
    * FROM TODAY’S PERSPECTIVE IS STILL EXPECTING TO ACHIEVE
SALES OF
MORE THAN CHF 650 MN FOR FISCAL 2020, AS WELL AS PROFIT MARGINS
AROUND PRIOR-YEAR LEVEL  

    
 Source text: https://bit.ly/3mQFwZr
    
 Further company coverage:  BCHN.S  
   


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