Edition:
United States

Burckhardt Compression FY consolidated net income after minorities CHF 37.9 mln


Tuesday, 6 Jun 2017 12:35am EDT 

June 6 (Reuters) - Burckhardt Compression Holding AG ::FY CONSOLIDATED ORDER INTAKE AMOUNTED TO CHF 474.9 MN, WHICH CORRESPONDS TO A YEAR-ON-YEAR DECLINE OF 9.2%.ACHIEVED FURTHER GROWTH IN THE FISCAL YEAR 2016, BOOKING CHF 557.7 MN IN SALES (PLUS 14.5%).FY GROSS PROFIT OF CHF 130.5 MN WAS 14.0% BELOW THE FIGURE REPORTED FOR THE PREVIOUS YEAR (CHF 151.7 MN) AND THE GROSS PROFIT MARGIN AMOUNTED TO 23.4% (31.1% IN THE PREVIOUS YEAR).FY CONSOLIDATED NET INCOME AFTER MINORITIES AMOUNTED TO CHF 37.9 MN, 31.6% LESS THAN IN THE PREVIOUS FISCAL YEAR. NET INCOME PER SHARE AMOUNTED TO CHF 11.20 (PREVIOUS YEAR CHF 16.34).DIVIDEND OF CHF 7.00 PER SHARE WILL BE PROPOSED AT THE ANNUAL GENERAL MEETING.EXPECTS SALES FOR THE FISCAL YEAR 2017 AT PREVIOUS YEAR LEVEL AND AN OPERATING MARGIN BETWEEN 6% AND 9%, EXPECTS THE EBIT MARGIN TO BE HIGHER FROM FISCAL YEAR 2018 ON.BOARD OF DIRECTORS OF BURCKHARDT COMPRESSION HOLDING AG HAS DECIDED TO SWITCH THE COMPANY’S ACCOUNTING STANDARD FROM IFRS TO SWISS GAAP FER, EFFECTIVE APRIL 1, 2017.