Burkhalter (BRKN) H2 2024 earnings summary

Executive summary

• 2024 marked another record year, with all key financial metrics improving year-over-year, including an 8.9% increase in EPS, 7.5% rise in EBIT, 10.2% growth in net income, and 5.3% revenue growth.

• The Board proposes a dividend of CHF 4.85 per share, up from CHF 4.45, to be paid half from annual profit and half from capital reserves.

• Strong demand for building technology services, process optimization, and digitalization, including BIM, contributed to performance.

• Four acquisitions and two new company foundations in 2024 expanded market presence and remain a strategic focus.

• The company continues to support Switzerland's Energy Strategy 2050 through energy-efficient building renovations and renewable installations.

Financial highlights

• Revenue reached CHF 1,186.8 million (+5.3% year-over-year); EBIT CHF 69.7 million (+7.5%); net income CHF 57.2 million (+10.2%).

• EBITDA increased to CHF 79.6 million (2023: CHF 73.1 million).

• EPS rose to CHF 5.39 (2023: CHF 4.95).

• Operating cash flow was CHF 90.9 million (2023: CHF 68.4 million).

• Equity ratio improved to 28.8% (2023: 26.8%).

Outlook and guidance

• Management expects to moderately increase EPS again in 2025, supported by high demand for energy-efficient building services and ongoing modernization needs.

• The order backlog covers five to six months, with continued strong construction and renovation activity in Switzerland.