Burckhardt Compression delivers strong growth and profitability increase; raising its sales guidance for 2027
WINTERTHUR, Switzerland, June 04, 2024 (GLOBE NEWSWIRE) -- The 180th anniversary of Burckhardt Compression marks a successful start to the Company's latest Mid-Range Plan, with notable achievements in order intake, sales, and operating income. Based on these results and positive mid-term market trends for sustainable energy solutions, the Company is raising its sales guidance for 2027. Fabrice Billard, CEO of Burckhardt Compression, says: "In 2023, Burckhardt Compression surpassed again CHF 1 billion in orders and achieved new record sales and operating income despite economic challenges. These successes highlight our leadership in applications for the transition to more secure and sustainable energy sources."
- Based on these results and positive mid-term market trends for sustainable energy solutions, the Company is raising its sales guidance for 2027.
- Fabrice Billard, CEO of Burckhardt Compression, says: "In 2023, Burckhardt Compression surpassed again CHF 1 billion in orders and achieved new record sales and operating income despite economic challenges.
- Despite a currency headwind of 7.7 pp, sales were up by 18.4%, at CHF 982.0 mn, driven by a 31.3% growth in the Systems Division.
- Founded in 1844 as an engineering workshop in Basel, Burckhardt Compression developed its first single-stage and dry-running reciprocating compressor in 1883.