Burckhardt Compression (BCHN) H2 2026 earnings summary

Executive summary

• Achieved record net income and operating income for FY 2025, up 4.3% year-over-year, despite a 31.9%–32% drop in order intake due to market disruptions, US tariffs, and Middle East conflict; sales reached CHF 1,057.1 million, down 3.5% (up 1.3% in local currencies), supported by a strong backlog.

• EBIT margin improved to 13.3% (+0.4pp), driven by favorable product mix and operational efficiency.

• Major acquisitions included Fornovo Gas to expand in biogas/biomethane and ACT in the US to reinforce service capabilities.

• Expanded service footprint with nine new locations and launched AI-driven digital solutions.

• Sustainability progress included a 32% reduction in greenhouse gas emission intensity in FY 2025.

Financial highlights

• Order intake: CHF 784.3 million, down 31.9%–32% year-over-year (27% net of currency effects).

• Sales: CHF 1,057.1 million, down 3.5% (up 1.3% net of currency effects).

• EBIT: CHF 141.0 million (+0.2%); EBIT margin 13.3% (+0.4pp).

• Net income: CHF 110.1 million, up 4.3%; EPS CHF 32.60 (up from CHF 31.20).

• Gross margin: 28.8% (+0.8pp), driven by favorable product mix.

• RONOA increased to 40.4%.

• Strong operating cash flow of CHF 149.4 million; net financial position improved to CHF 110.8 million.

Outlook and guidance

• FY 2026 sales guidance: CHF 900–1,000 million; EBIT margin around 12%; stronger sales expected in H2 as market conditions improve.

• CHF 1.2 billion sales milestone and Mid-Range Plan 2027 targets delayed due to ongoing disruptions; new timing to be communicated.

• Growth underpinned by global megatrends: population growth, energy security, and energy transition.