Burckhardt reveals ‘exceptional’ half-year results; announces mid-range plan


Switzerland-based equipment specialist Burckhardt Compression (Burckhardt) has reported an ‘exceptional increase’ in order intake, strong sales and EBIT growth in its half-year 2022 financial report.

Driven by strong global market momentum, the company saw its consolidated order intake increase to CHF 706.7m ($710m), up 56.8% versus the prior-year period, representing the highest half-year value in the history of the company.

Order intake in the Systems Division increased from CHF 303m ($304) in the first half of fiscal year 2021 to CHF 531.5m ($533.7m) in the reporting period, due to a strong post-Covid market recovery and several large projects from liquefied natural gas (LNG)-marine, solar-panel- and hydrogen-mobility-related applications.

The Services Division continued to see strong growth and an increase in profitability. According to the report, its order intake amounted to CHF 175.2m ($175.9m), 18.6% higher than the previous year period, with growth coming from all areas including spare parts, field services, engineering/revamp/repair, and monitoring and diagnostics.

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...