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.
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