Dear Shareholders,
In the first half of fiscal year 2025, Burckhardt Compression continued to demonstrate operational strength and remains on track to reach its fiscal year 2025 guidance.
Burckhardt Compression First-Half Results for Fiscal Year 2025
and Services. Selling, marketing and general administrative expenses closed at 12.3% of sales (previous year period: 12.6%*), underscoring a further leverage of our cost base. Operating income (EBIT) closed at CHF 65.5 mn, 2.3%* below the prior year period. The resulting EBIT margin was 12.7%, 0.7pp* below the previous year at Group level mainly due to the increased share of Systems in the sales mix. Both the Systems and Services divisions delivered higher operating margins of 10.2% and 23.9%, respectively. Marginally lower financial expenses and a lower tax rate of 23.3% (previous
The macroeconomic environment of the first half-year 2025 was marked by global uncertainty and currency fluctuations. The US tariff announcement on April 2, 2025, prompted many of our customers to approach large investments with caution as they awaited further clarity. Consequently, new project decisions were temporarily deferred, which affected order intake in our Systems Division. While the Service Division experienced a slow start in the first quarter, the global service market recovered in the second quarter as customers resumed the procurement of spare parts and essential maintenance activities.
Amid these dynamic conditions, we continue to demonstrate our strength through effective delivery of our large order backlog, solid revenue growth, and enhanced profitability across both divisions.
We expect a stronger second half of the year and remain on track to achieve our fiscal year 2025 guidance and our 2027 Mid-Range Plan ambitions.
Our established compressor solutions, ongoing product innovation, and recent acquisition enable us to maintain a
* Starting in fiscal year 2024, the accounting policy for the recognition of revenue for projects above CHF 7 mn and lasting more than 1 year has been changed from "Completed Contract Method" to "Percentage of Completion" (PoC) to better reflect the value creation process and to increase stability in revenue recognition. To enable comparison with the half-year period under review, prior year numbers are restated for PoC accounting.
competitive advantage. Additionally, mitigation measures are in place to further improve our competitiveness and strengthen our resilience.
Order intake decrease, successful backlog delivery and increased value creation
In a challenging environment, Burckhardt Compression achieved an order intake of CHF 400.7 mn which is 34.9% below the exceptional prior year period (-31.3% net of currency translation effects). Sales rose by 2.8%* to CHF 516.2 mn (+7.4%* net of currency translation effects), driven by a 12.3%* revenue growth in the Systems Division. Revenue in the Services Division came in 16.4% below the prior year period (-11.6% net of currency translation effects) after a slow start to the fiscal year due to global tariff uncertainties. Both divisions delivered higher gross margins, resulting in a consolidated gross margin of 28.3%, slightly below the prior year period due to the higher share of Systems business in the sales mix. Gross profit increased by 2.0%* to CHF 146.2 mn. Research and Development expenses rose by CHF 1.3 mn to CHF 15.2 mn, representing 2.9% of sales (previous year period: 2.8%*). This increase underscores our continued commitment to innovation, particularly in the Marine and Hydrogen Mobility and Energy segments, as well as in Digital Products
year period: 24.3%*) resulted in a net income of CHF 48.7 mn (-0.9%* y-o-y). We continue to optimize our asset utilization and increase value creation, as evidenced by a strong Return on Net Operating Assets (RONOA) of 36.2% (previous year period: 32.4%*), significantly exceeding the mid-range guidance of >25%.
Systems Division: Markets affected by global geopolitics and US tariffs
The effects of the global uncertainty varied across markets, with the Petrochemical and Chemical segment experiencing the greatest effect due to uncertainty regarding the flow of feedstock and petrochemical products between the US and China. As a result, decisions on new Low-Density-Polyethyl-ene (LDPE) and Ethylene-Vinyl-Acetate (EVA) facilities in China were strategically deferred.
While the Gas Transportation & Storage segment was also affected, LNG continued to grow at a good pace. Orders for compressors for LPGM ships also remained at a good level, but clearly below the record prior year.
After recalibrating last year, the Hydrogen Mobility and Energy segment recovered from a low Q1, with Q2 showing a pickup in smaller projects and pipeline activity driven by national strategies for industrial decarbonization.
Key figuresin CHF 1'000
First half 2024 April-Sept.
2024
Restated*
Change 2025/2024
Fiscal year 2024
April 2024 -
March 2025
Our strategy to support customers with their digitaliza-tion and sustainability journeys continued to generate additional orders, with the launch of new digital services based on artificial intelligence and the enhancement of our diagnostic tool BC Activate. Furthermore, the Services Division continued to grow its activities in the Marine segment thanks to the growing installed base.
Overall, order intake for the Services Division was 4.4%
Order intake Systems Division Services Division
Sales
Gross profit
Operating income (EBIT) Net income
Total assets Total equity
Earnings per share (in CHF) FTEs as per Sept. 30 / March 31
615'161 -34.9% 1'151'185
452'843 -45.8% 825'372
162'318 -4.4% 325'813
502'089 2.8% 1'095'600
143'274 2.0% 306'294
67'049 -2.3% 140'808
49'138 -0.9% 105'624
1'112'491 4.8% 1'167'345
286'311 6.1% 340'164
14.50 -0.7% 31.20
3'305 0.8% 3'336
lower at CHF 155.2 mn. Adjusted for currency translation effects, order intake was up 0.9%. Looking ahead, provided no new global or regional crises arise, the market is expected to continue to stabilize in the second half of the year.
Furthermore, the acquisition of ACT on September 12, 2025, bolsters our US-based spare parts manufacturing capabilities and is expected to positively contribute to the division's full year results.
Mitigation measures in place to increase
First half 2025 April-Sept. 2025 400'708 |
245'545 |
155'163 |
516'207 |
146'204 |
65'531 |
48'694 |
1'166'131 |
303'830 |
14.40 |
3'331 |
* Prior year numbers are restated for PoC accounting to enable comparison with the year under review (see note 2)
competitiveness and resilience
Burckhardt Compression First-Half Results for Fiscal Year 2025
Our resilient set-up provides a degree of protection against
The Refinery segment also saw positive momentum, fueled by global population growth and rising demand for sustainable aviation fuels (SAF).
Overall, the Systems Division achieved an order intake of CHF 245.5 mn, representing a 45.8% decrease (-42.9% net of currency translation effects). There has been a notable uptick in customer activity since the summer break, with several deferred projects resuming. If this momentum continues and the global environment remains stable, the company expects a clearly stronger order intake in the second half-year.
Services Division: Slight growth in local currencies but markets also affected by global uncertainties
In the service markets, regional disparities continued to mirror local economic conditions. Europe remained subdued due to high energy prices and tariff-related uncertainty in the Petrochemical and Chemical segment. The Middle East, Central Asia, and Eastern Europe were affected by the temporary deferment of projects. On the other hand, the Americas developed positively, driven by rising energy needs for data centers and LNG exports to Europe. The Asia-Pacific region also continued at a good level in local currencies.
the effects of exchange rates and US tariffs. Costs linked to US tariffs are being passed on to customers. Additionally, the recent ACT acquisition bolsters our US spare parts manufacturing capabilities and helps offset US tariffs. Nonetheless, current market conditions demand continued flexibility. Mitigation actions to strengthen our resilience are underway with the acceleration of our Mid-Range Plan initiatives that contribute to cost improvements and product competitiveness. In addition, targeted and workload-oriented cost reductions in specific countries and functions are being implemented where appropriate.
Outlook confirmed for fiscal year 2025
With the strong order intake of the past few years, our order backlog continues to provide visibility and confidence in delivering on our fiscal year 2025 guidance. Provided no new global or regional crises arise and the market continues to stabilize, we confirm our guidance for the fiscal year 2025:
Sales at around CHF 1.1 bn at the Group level
EBIT margin similar to fiscal year 2024
Stronger profitability in the second half due to the product and service mix
Amid the ever-changing global geopolitical backdrop, we will continue to actively monitor the situation and any potential impact it may have on our business.
Global megatrends continue to underpin Mid-Range Plan ambitions
Beyond short-term uncertainties, our strategy and mid-term outlook are supported by global megatrends. A growing global population, especially the middle class, creates increased demand for essential products like fertilizers and polymers and for investment in energy infrastructure.
Ensuring a stable and secure energy supply in a rapidly evolving geopolitical landscape with growing intermittent energy sources requires significant investments in energy storage, gas pipelines, and transportation infrastructure, e.g. for LNG or LPG.
In addition, the energy transition increases the share of natural gas in the energy mix and requires significant investments in renewable energy infrastructure, which includes solar panels and low-carbon fuels. All these applications require compressors. With its ability to develop innovative solutions in partnership with customers, Burckhardt Compression stands at the forefront of these developments.
Acknowledgments
We are immensely grateful that, in this challenging environment, our teams have excelled at achieving multiple objectives, including supporting our customers to optimize their operations, successfully delivering ongoing projects despite the new tariffs, and adapting cost structures to evolving market conditions. This remarkable dedication from our employees continues to underpin our resilience. We also extend our gratitude to our shareholders and customers for their trust and for being an integral part of our journey. Their support and feedback are invaluable.
Kind regards,
Ton Büchner Fabrice Billard Chair of the Board of Directors CEO
Winterthur, November 4, 2025
Dates for shareholders:
June 4, 2026 Annual Report 2025
(closing March 31, 2026)
July 3, 2026 Annual General Meeting
Burckhardt Compression First-Half Results for Fiscal Year 2025
Ton Büchner, Chair of the Board of Directors and Fabrice Billard, CEO
Burckhardt Compression First-Half Results for Fiscal Year 2025
Consolidated income statementin CHF 1'000 First half 2025 April-Sept. 2025 | First half 2024 April-Sept. 2024 Restated* | Fiscal year 2024 April 2024-March 2025 | |
Sales 516'207 | 502'089 | 1'095'600 | |
Cost of goods sold -370'003 | -358'815 | -789'306 | |
Gross profit 146'204 | 143'274 | 306'294 | |
Selling and marketing expenses -36'777 | -37'185 | -75'010 | |
General and administrative expenses -26'663 | -26'273 | -54'846 | |
Research and development expenses -15'163 | -13'817 | -30'055 | |
Other operating income 21'622 | 20'605 | 42'905 | |
Other operating expenses -23'692 | -19'555 | -48'480 | |
Operating income 65'531 | 67'049 | 140'808 | |
Financial income and expenses -2'035 | -2'148 | -3'346 | |
Earnings before taxes 63'496 | 64'901 | 137'462 | |
Income tax expenses -14'802 | -15'763 | -31'838 | |
Net income 48'694 | 49'138 | 105'624 | |
Share of net income attributable to shareholders of Burckhardt Compression Holding AG 48'661 | 49'115 | 105'585 | |
Share of net income attributable to non-controlling interests 33 | 23 | 39 | |
Basic earnings per share (in CHF) 14.40 | 14.50 | 31.20 | |
Diluted earnings per share (in CHF) 14.40 | 14.50 | 31.20 | |
* Prior year numbers are restated for PoC accounting to enable comparison with the year under review (see note 2) |
First half 2025 30.09.2025 |
10'454 |
172'030 |
16'317 |
6'019 |
204'820 |
438'176 |
270'890 |
81'708 |
10'869 |
159'668 |
961'311 |
1'166'131 |
in CHF 1'000
First half 2024
30.09.2024
Restated*
Fiscal year 2024
31.03.2025
in CHF 1'000
First half 2024
30.09.2024
Restated*
Fiscal year 2024
31.03.2025
Non-current assets
Intangible assets
Property, plant and equipment Deferred tax assets
Other assets
Total non-current assets Current assets Inventories
Trade receivables
Other current receivables
Prepaid expenses and accrued income Cash and cash equivalents
Burckhardt Compression First-Half Results for Fiscal Year 2025
Total current assets Total assets
11'659 11'310
169'955 172'815
15'511 17'526
5'764 3'979
202'889 205'630
359'712 301'565
360'947 356'051
63'081 73'497
5'735 7'699
120'127 222'903
909'602 961'715
1'112'491 1'167'345
Equity
Share capital Capital reserves Treasury shares
Retained earnings and other reserves
Equity attributable to shareholders of Burckhardt Compression Holding AG
Non-controlling interests
Total equity Liabilities
Non-current liabilities
Non-current financial liabilities Deferred tax liabilities
Non-current provisions Other non-current liabilities
Total non-current liabilities
Current liabilities Current financial liabilities Trade payables
Customers' advance payments Other current liabilities
Accrued liabilities and deferred income Current provisions
Total current liabilities Total liabilities
Total equity and liabilities
8'500 8'500
1'377 1'378
-6'452 -11'254
282'503 341'139
285'928 339'763
383 401
286'311 340'164
184'715 152'497
18'806 18'118
15'203 15'679
1'913 1'739
220'637 188'033
1'575 801
137'581 148'456
248'911 252'837
69'969 72'286
111'639 128'788
35'868 35'980
605'543 639'148
826'180 827'181
1'112'491 1'167'345
First half 2025 30.09.2025 |
8'500 |
1'398 |
-11'144 |
304'673 |
303'427 |
403 |
303'830 |
151'993 |
21'356 |
15'381 |
1'768 |
190'498 |
1'351 |
150'839 |
363'617 |
73'196 |
55'736 |
27'064 |
671'803 |
862'301 |
1'166'131 |
* Prior year numbers are restated for PoC accounting to enable comparison with the year under review (see note 2)
Burckhardt Compression First-Half Results for Fiscal Year 2025
Consolidated cash flow statementin CHF 1'000 First half 2025 April-Sept. 2025 | First half 2024 April-Sept. 2024 Restated* | Fiscal year 2024 April 2024-March 2025 | |
Cash flow from operating activities | |||
Net income 48'694 | 49'138 | 105'624 | |
Income tax expenses 14'802 | 15'763 | 31'838 | |
Financial income and expenses 2'035 | 2'148 | 3'346 | |
Depreciation 9'116 | 9'330 | 18'400 | |
Amortization 1'657 | 1'867 | 4'167 | |
Change in inventories -46'532 | -54'304 | -11'115 | |
Change in trade receivables 67'531 | -12'452 | -4'883 | |
Change in other current assets -17'824 | 404 | -10'144 | |
Change in trade payables 8'500 | -2'240 | 8'486 | |
Change in customers' advance payments 19'452 | 44'816 | 68'153 | |
Change in provisions -7'039 | -681 | -810 | |
Change in other liabilities -65'028 | 11'410 | 24'732 | |
Change in provision in equity 3'187 | 2'174 | 4'784 | |
Adjustment for non-cash items 2'958 | 7'982 | 155 | |
Gain on sale of assets -508 | - | -2'091 | |
Interest received 927 | 971 | 1'506 | |
Interest paid -1'346 | -1'945 | -3'039 | |
Income taxes paid -10'280 | -9'900 | -26'300 | |
Total cash flow from operating activities 30'302 | 64'481 | 212'809 |
in CHF 1'000 First half 2025 April-Sept. 2025 | First half 2024 April-Sept. 2024 Restated* | Fiscal year 2024 April 2024-March 2025 | |
Cash flow from investing activities | |||
Purchase of property, plant and | |||
equipment -12'683 | -9'282 | -22'259 | |
Sale of property, plant and equipment 690 | 151 | 7'302 | |
Purchase of intangible assets -794 | -1'695 | -3'179 | |
Purchase of other assets -354 | -55 | - | |
Sale of other assets 151 | 6 | 964 | |
Acquisition of group companies net of | |||
cash acquired -8'078 | - | - | |
Total cash flow from investing activities -21'068 | -10'875 | -17'172 | |
Cash flow from financing activities | |||
Increase in financial liabilities 668 | 150'000 | 150'000 | |
Decrease in financial liabilities -504 | -133'154 | -166'206 | |
Purchase of treasury shares - | - | -4'802 | |
Dividends paid -60'824 | -52'486 | -52'535 | |
Total cash flow from financing activities -60'660 | -35'640 | -73'543 | |
Currency translation differences on cash | |||
and cash equivalents -11'809 | -5'086 | -6'438 | |
Net change in cash and cash equivalents -63'235 | 12'880 | 115'656 | |
Cash and cash equivalents at beginning | |||
of period 222'903 | 107'247 | 107'247 | |
Cash and cash equivalents at end of | |||
period 159'668 | 120'127 | 222'903 | |
Net change in cash and cash equivalents -63'235 | 12'880 | 115'656 |
* Prior year numbers are restated for PoC accounting to enable comparison with the year under review (see note 2)
Consolidated statement of changes in equityin CHF 1'000 Share | Capital | Treasury | Hedge | Translation | Goodwill | Other | Equity | Non- | Total |
capital | reserves | shares | reserve | reserve | offset | retained | attributable to | controlling | equity |
earnings | shareholders | interests | |||||||
of Burckhardt | |||||||||
Compression | |||||||||
Holding AG | |||||||||
Balance at 01.04.2024 | 8'500 | 1'354 | -6'553 | -2'721 | -30'738 | -156'005 | 483'648 | 297'485 | 424 | 297'909 | |
Effect of changes in accounting policies | -197 | -1'311 | -1'508 | -1'508 | |||||||
Balance at 01.04.2024 Restated* | 8'500 | 1'354 | -6'553 | -2'721 | -30'935 | -156'005 | 482'337 | 295'977 | 424 | 296'401 | |
Net income | 49'115 | 49'115 | 23 | 49'138 | |||||||
Currency translation differences | -10'212 | -10'212 | -15 | -10'227 | |||||||
Changes of cash flow hedges | 1'360 | 1'360 | 1'360 | ||||||||
Dividends paid | -52'486 | -52'486 | -49 | -52'535 | |||||||
Purchase of treasury shares | - | - | |||||||||
Share-based payments (distributed) | 23 | 101 | -124 | - | |||||||
Share-based payments (provision in equity) | 2'174 | 2'174 | 2'174 | ||||||||
Balance at 30.09.2024 Restated* | 8'500 | 1'377 | -6'452 | -1'361 | -41'147 | -156'005 | 481'016 | 285'928 | 383 | 286'311 | |
Balance at 01.04.2025 | 8'500 | 1'378 | -11'254 | -3'061 | -39'890 | -156'005 | 540'095 | 339'763 | 401 | 340'164 | |
Net income | 48'661 | 48'661 | 33 | 48'694 | |||||||
Currency translation differences | -21'949 | -21'949 | -31 | -21'980 | |||||||
Changes of cash flow hedges | 1'597 | 1'597 | 1'597 | ||||||||
Dividends paid | -60'824 | -60'824 | - | -60'824 | |||||||
Purchase of treasury shares | - | - | - | ||||||||
Share-based payments (distributed) | 20 | 110 | -130 | - | - | ||||||
Share-based payments (provision in equity) | 3'187 | 3'187 | 3'187 | ||||||||
Goodwill on acquisition | -7'008 | -7'008 | -7'008 | ||||||||
Balance at 30.09.2025 | 8'500 | 1'398 | -11'144 | -1'464 | -61'839 | -163'013 | 530'989 | 303'427 | 403 | 303'830 |
-
Burckhardt Compression First-Half Results for Fiscal Year 2025
-
* Prior year numbers are restated for PoC accounting to enable comparison with the year under review (see note 2)
Notes to the consolidated interim financial statementsBasis of preparation
The unaudited interim consolidated financial statements, prepared in accordance with Swiss GAAP FER, were approved by the Board of Directors on October 31, 2025. This is a condensed interim report pursuant to Swiss GAAP FER 31 "Complementary recommendations for listed companies".
Since the consolidated interim financial statements do not include all the information contained in consolidated annual financial statements, they should be read in conjunction with the consolidated annual financial statements for the year ended March 31, 2025. The current accounting standards are congruent with the accounting standards used to prepare the 2024 financial statements.
Change in accounting policy
As disclosed in the Annual Report 2024, Burckhardt Compression has decided to change its accounting policy as of March 31, 2025 as follows:
Projects with order contract value greater than CHF 7 mn and with a lead time greater than 12 months: Application of percentage of completion method (POCM) in accordance with Swiss GAAP FER 22.
All other projects: When risks and rewards have been transferred to the customers or the contracted service has been performed, according to the agreed sales conditions (unchanged to prior year).
The change in accounting policy resulted in a restatement for the first half of 2024, showing a sales increase of CHF 65.3 mn and a higher gross profit of CHF 15.4 mn under percentage of completion method (POCM) compared to the risk and reward approach (Completed Contract Method) applied in the past. The impact on the restated sales and gross profit is mainly driven by a different project mix and timing effects regarding revenue recognition under POCM (see table below).
in CHF 1'000 First half 2024
April-Sept. 2024
POCM revenue recognition restatement
First half 2024
April-Sept. 2024
Restated
Burckhardt Compression First-Half Results for Fiscal Year 2025
Sales 436'787 65'302 502'089
Cost of goods sold -308'880 -49'935 -358'815
Gross profit 127'907 15'367 143'274
Operating income 51'682 15'367 67'049
Earnings before taxes 49'534 15'367 64'901
Income tax expenses -12'297 -3'466 -15'763
Net income 37'237 11'901 49'138
Basic earnings per share (in CHF) 10.99 14.50
Diluted earnings per share (in CHF) 10.99 14.50
Burckhardt Compression First-Half Results for Fiscal Year 2025
The following table provides an overview of the impacts of the change in accounting policy in the presentation of the consolidated balance sheet of Burckhardt Compression:
The following table provides an overview of the impacts of the change in accounting policy in the presentation of the cash flow statement of Burckhardt Compression:
in CHF 1'000 | First half 2024 30.09.2024 | POCM revenue recognition restatement | First half 2024 30.09.2024 Restated | in CHF 1'000 | First half 2024 April-Sept. 2024 | POCM revenue recognition restatement | First half 2024 April-Sept. 2024 Restated | |||||||
Non-current assets | Cash flow from operating activities | |||||||||||||
Deferred tax assets | 16'909 | -1'398 | 15'511 | Net income | 37'237 | 11'901 | 49'138 | |||||||
Total non-current assets | 204'287 | -1'398 | 202'889 | Income tax expenses | 12'297 | 3'466 | 15'763 | |||||||
Change in inventories | -38'937 | -15'367 | -54'304 | |||||||||||
Current assets | Total cash flow from operating activities | 64'481 | - | 64'481 | ||||||||||
Inventories | 346'412 | 13'300 | 359'712 | |||||||||||
Total current assets | 896'302 | 13'300 | 909'602 | |||||||||||
Total assets | 1'100'589 | 11'902 | 1'112'491 | |||||||||||
Equity | ||||||||||||||
Total equity | 276'047 | 10'264 | 286'311 | |||||||||||
Non-current liabilities | ||||||||||||||
Deferred tax liabilities | 17'168 | 1'638 | 18'806 | |||||||||||
Total non-current liabilities | 218'999 | 1'638 | 220'637 | |||||||||||
Total liabilities | 824'542 | 1'638 | 826'180 | |||||||||||
Total equity and liabilities | 1'100'589 | 11'902 | 1'112'491 | |||||||||||
3. Segment reporting | ||||||||||||
in CHF 1'000 | Systems Division | Services Division | ||||||||||
First half 2025 | First half 2024 | Change | Fiscal year 2024 | First half 2025 | First half 2024 | Change | Fiscal year 2024 | |||||
April-Sept. | April-Sept. 2024 | 2025/2024 | April 2024- | April-Sept. | April-Sept. | 2025/2024 | April 2024- | |||||
2025 | Restated | March 2025 | 2025 | 2024 | March 2025 | |||||||
Sales | 377'336 | 335'881 | 12.3% | 748'837 | 138'871 | 166'208 | -16.4% | 346'763 | ||||
Cost of goods sold | -297'570 | -270'167 | -606'022 | -72'433 | -88'648 | -183'284 | ||||||
Gross profit | 79'766 | 65'714 | 21.4% | 142'815 | 66'438 | 77'560 | -14.3% | 163'479 | ||||
Gross profit as % of sales | 21.1% | 19.6% | 19.1% | 47.8% | 46.7% | 47.1% | ||||||
Operating income | 38'583 | 32'456 | 18.9% | 67'926 | 33'188 | 39'392 | -15.7% | 85'670 | ||||
Operating income as % of sales | 10.2% | 9.7% | 9.1% | 23.9% | 23.7% | 24.7% | ||||||
in CHF 1'000 | Others | Total | ||||||||||
First half 2025 | First half 2024 | Change | Fiscal year 2024 | First half 2025 | First half 2024 | Change | Fiscal year 2024 | |||||
April-Sept. | April-Sept. | 2025/2024 | April 2024- | April-Sept. | April-Sept. 2024 | 2025/2024 | April 2024- | |||||
2025 | 2024 | March 2025 | 2025 | Restated | March 2025 | |||||||
Sales | 516'207 | 502'089 | 2.8% | 1'095'600 | ||||||||
Cost of goods sold | -370'003 | -358'815 | -789'306 | |||||||||
Gross profit | 146'204 | 143'274 | 2.0% | 306'294 | ||||||||
Gross profit as % of sales | 28.3% | 28.5% | 28.0% | |||||||||
Operating income | -6'240 | -4'799 | 30.0% | -12'788 | 65'531 | 67'049 | -2.3% | 140'808 | ||||
Operating income as % of sales | 12.7% | 13.4% | 12.9% | |||||||||
Burckhardt Compression First-Half Results for Fiscal Year 2025
Business combinations and other changes in the scope of consolidation
On September 12, 2025, Burckhardt Compression AG acquired 100% of the shares in Advanced Compressor Technology, a company based in Batavia, USA. The company has more than 30 years of experience in reciprocating part manufacturing and a large part repair shop.
With the acquisition of Advanced Compressor Technology, Burckhardt Compression specifically complements its repair and service capabilities in the USA and further expands its presence in the service business for reciprocating compressors. Burckhardt Compression hereby also gains highly specialized machining expertise and repair capabilities for the global customer base.
The following table shows the fair value of assets and liabilities acquired at the acquisition date and the goodwill arising from this transaction.
174
600
313
856
28
195
-373
1'793
7'008
8'801
-195
-528
8'078
in CHF 1'000
Intangible Assets
Property, plant and equipment Inventory
Trade receivables
Burckhardt Compression First-Half Results for Fiscal Year 2025
Prepaid expenses and other current assets Cash and cash equivalents
Current liabilities
Net assets acquired at fair value
Goodwill from acquisition
Total purchase price
Less cash and cash equivalents acquired Less deferred consideration
Net cash outflow on acquisition
Financial liabilities
Burckhardt Compression has a bond in the amount of CHF 150 mn with a coupon of 1.5606% due on September 30, 2028 (at par). The issue price was 100% of the nominal value. The bond is listed on the SIX Swiss Exchange.
The previous bond in the amount of CHF 100 mn was repaid as of September 30, 2024.
Events after the balance sheet date
There were no significant events after the balance sheet date.
About Burckhardt Compression
Burckhardt Compression creates leading compression solutions for a sustainable energy future and the long-term success of its customers. Together with its brands Burckhardt Compression, PROGNOST, SAMR Métal Rouge and Shenyang Yuanda Compressor, the Group is the only global manufacturer that covers a full range of reciprocating compressor technologies and services. Its customized and modular-ized compressor systems are used in the Chemical/ Petrochemical, Gas Transport & Storage, Hydrogen Mobility & Energy and Industrial Gas sectors as well as for applications in Refinery and Gas Gathering & Processing. Since 1844, its passionate, customer-oriented and solutiondriven workforce has set the benchmark in the gas compression industry.
Contact:
Fabrice Billard, CEO Tel. +41 52 261 55 00
fabrice.billard@burckhardtcompression.com
Rolf Brändli, CFO Tel. +41 52 261 51 91
Burckhardt Compression First-Half Results for Fiscal Year 2025
rolf.braendli@burckhardtcompression.com
This document may contain forward-looking statements, including but not limited to projections of financial results, market activity and future product developments. These forward- looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.
The 2024 Annual Report and the Half-year Report 2025 can be downloaded from our website at https://www.burckhardtcompression.com/financial-reports.
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Burckhardt Compression Holding AG, Winterthur
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Burckhardt Compression AG, Corporate Communications
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Scanderbeg Sauer Photography, Zurich Jakob und Bertschi, Zurich
Burckhardt Compression AG CH-8404 Winterthur Switzerland
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