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08.04.2024 07:01:08 - dpa-AFX: EQS-Adhoc: Burkhalter Group closes 2023 financial year with very positive annual results (english)
Burkhalter Group closes 2023 financial year with very positive annual
results
Burkhalter Holding AG / Key word(s): Annual Results
Burkhalter Group closes 2023 financial year with very positive annual
results
08-Apr-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Burkhalter Group can once again look back on a successfully completed
financial year. The confident outlook of management with regard to the
half-year figures in 2023 has been confirmed and earnings per share were up
year on year for the 2023 financial year. In light of the very good annual
results, the Board of Directors will ask the Shareholders' Meeting taking
place on 14 May 2024 to approve a dividend of CHF 4.45 per share (previous
year CHF 4.25).
The results for the 2023 financial year are as follows: Earnings per share
amounted to CHF 4.95 (previous year CHF 4.73, +4.7%), the operating result
(EBIT) was CHF 64.8 million (previous year CHF 48.1 million) and the Group
profit came to CHF 51.9 million (previous year CHF 38.5 million). Sales were
at CHF 1,127.3 million (previous year CHF 800,8 million) and exceeded the
billion mark for the first time in the history of the Burkhalter Group. The
nominal increase in sales and earnings compared with the previous year was
largely attributable to the merger with poenina holding ag as of 29 June
2022. In financial year 2023, a complete financial year of the former
poenina holding ag was consolidated for the first time. The figures can
therefore only be compared with the previous year's figures to a limited
extent. In addition, Burkhalter made six acquisitions in 2023.
The increase in earnings per share can be attributed, on the one hand, to
the growing demand in energy-efficient solutions and the improved process
workflows. Secondly, the sharp increases in purchase prices for materials
and generally higher costs were offset by efficiency enhancements and price
adjustments. Availability of materials normalised for the most part. The
continuing high level of construction activity and the existing need for
refurbishment with regard to energy efficiency encouraged the demand for
appropriate services.
Continued strong growth
The Burkhalter Group grew in 2023 through the addition of six more building
technology companies. It purchased LKE Haustechnik AG in Landquart (GR) on
10 January, Strässle Installationen AG in Kesswil (TG) on 12 January and
Elektro Saas AG in Saas-Fee (VS) on 26 January. Bötschi Holding AG in Berg
(TG) and its subsidiaries Bötschi AG Feuer Luft Wasser in Berg (TG), Angele
AG Feuer Luft Wasser in Bronschhofen (SG) and Perl-Pool AG in Berg (TG)
joined the Group on 28 March. Riggenbach AG, Lüftungs- und Klimatechnik in
Olten (SO) and its branches in Brugg (AG) and Solothurn (SO) were acquired
on 29 June, followed by C2B Electrotechnique Sàrl in Martigny (VS) on 6
November. Gaining additional market share through the targeted acquisition
of other building technology companies remains part of the Burkhalter
Group's strategy.
Responsibility for the environment and society
Through energy-efficient building renovations, the replacement of fossil
fuel heating systems and the installation of photovoltaic systems, the
Burkhalter Group's corporate strategy contributes to reducing greenhouse gas
emissions generated by customers and, in turn, in Swiss building stock and
implementing the Swiss Federal Government's Energy Strategy 2050. In the
medium term, the company is planning to expand its energy consultation and
services focusing on energy efficiency.
To set a good example in its own company, the Burkhalter Group developed its
climate transition plan in 2023. Its main sources of emissions are the
vehicle fleet and the company's own buildings. It started with a
quantitative analysis of emissions along the supply chain in 2023 and will
continue with this work in 2024. The company is aiming to develop its
climate transition plan in 2024, which is guided by the Swiss Federal
Government's 2050 net-zero target.
A report on non-financial matters was issued for the first time in financial
year 2023 (Art. 964a et seq. CO). The Non-Financial Report 2023 can be
viewed at www.burkhalter.ch/en/about-us/investor-relations/publications.
Proposal of a dividend payout planned
The gratifying annual result in 2023 prompts the Board of Directors to ask
the Shareholders' Meeting taking place on 14 May 2024 to approve a dividend
of CHF 4.45 gross per share (previous year CHF 4.25). Half of the dividend
is to be paid out from net profit and half from the reserves from capital
contributions.
Merger of the service organisations
The service organisations of Burkhalter Management Ltd (Electrical
Engineering) and Burkhalter Services Ltd (HVACP) will be merged to form one
company when they are relocated to the shared site at Flurstrasse 55 in
Zürich-Altstetten in summer 2024. This company will be renamed Burkhalter
Services Ltd and provide support to all Group companies as well as
Burkhalter Holding Ltd.
Outlook remains confident
Based on the existing need for refurbishment with regard to energy
efficiency as well as the extraordinarily high demand for appropriate
services, the management of the Burkhalter Group foresees further growth
potential. It views Burkhalter as well positioned to continue to make a
considerable contribution to achieving the goals of the Swiss Federal
Government's Energy Strategy 2050 and thus expects to be able to increase
earnings per share moderately again in financial year 2024 compared with the
previous year.
Thanks to our employees
The Board of Directors and management would like to thank the employees, who
demonstrate such commitment to our customers as well as to the company's
sustainable success.
Financial Report 2023 and Non-Financial Report 2023
The 2023 Annual Report of the Burkhalter Group, consisting of the two
publications Financial Report 2023 and the Portrait 2023, as well as the
Non-Financial Report 2023 can be downloaded at:
www.burkhalter.ch/en/about-us/investor-relations/publications
Download media release as PDF here
Contact:
Burkhalter Holding Ltd
Elisabeth Dorigatti, Head of Corporate Communication, Sustainability and
Investor Relations
+41 44 439 36 33
e.dorigatti@burkhalter.ch www.burkhalter.ch
News Source: Burkhalter Holding AG
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End of Inside Information
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End of Announcement EQS News Service
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1874809 08-Apr-2024 CET/CEST
results
Burkhalter Holding AG / Key word(s): Annual Results
Burkhalter Group closes 2023 financial year with very positive annual
results
08-Apr-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Burkhalter Group can once again look back on a successfully completed
financial year. The confident outlook of management with regard to the
half-year figures in 2023 has been confirmed and earnings per share were up
year on year for the 2023 financial year. In light of the very good annual
results, the Board of Directors will ask the Shareholders' Meeting taking
place on 14 May 2024 to approve a dividend of CHF 4.45 per share (previous
year CHF 4.25).
The results for the 2023 financial year are as follows: Earnings per share
amounted to CHF 4.95 (previous year CHF 4.73, +4.7%), the operating result
(EBIT) was CHF 64.8 million (previous year CHF 48.1 million) and the Group
profit came to CHF 51.9 million (previous year CHF 38.5 million). Sales were
at CHF 1,127.3 million (previous year CHF 800,8 million) and exceeded the
billion mark for the first time in the history of the Burkhalter Group. The
nominal increase in sales and earnings compared with the previous year was
largely attributable to the merger with poenina holding ag as of 29 June
2022. In financial year 2023, a complete financial year of the former
poenina holding ag was consolidated for the first time. The figures can
therefore only be compared with the previous year's figures to a limited
extent. In addition, Burkhalter made six acquisitions in 2023.
The increase in earnings per share can be attributed, on the one hand, to
the growing demand in energy-efficient solutions and the improved process
workflows. Secondly, the sharp increases in purchase prices for materials
and generally higher costs were offset by efficiency enhancements and price
adjustments. Availability of materials normalised for the most part. The
continuing high level of construction activity and the existing need for
refurbishment with regard to energy efficiency encouraged the demand for
appropriate services.
Continued strong growth
The Burkhalter Group grew in 2023 through the addition of six more building
technology companies. It purchased LKE Haustechnik AG in Landquart (GR) on
10 January, Strässle Installationen AG in Kesswil (TG) on 12 January and
Elektro Saas AG in Saas-Fee (VS) on 26 January. Bötschi Holding AG in Berg
(TG) and its subsidiaries Bötschi AG Feuer Luft Wasser in Berg (TG), Angele
AG Feuer Luft Wasser in Bronschhofen (SG) and Perl-Pool AG in Berg (TG)
joined the Group on 28 March. Riggenbach AG, Lüftungs- und Klimatechnik in
Olten (SO) and its branches in Brugg (AG) and Solothurn (SO) were acquired
on 29 June, followed by C2B Electrotechnique Sàrl in Martigny (VS) on 6
November. Gaining additional market share through the targeted acquisition
of other building technology companies remains part of the Burkhalter
Group's strategy.
Responsibility for the environment and society
Through energy-efficient building renovations, the replacement of fossil
fuel heating systems and the installation of photovoltaic systems, the
Burkhalter Group's corporate strategy contributes to reducing greenhouse gas
emissions generated by customers and, in turn, in Swiss building stock and
implementing the Swiss Federal Government's Energy Strategy 2050. In the
medium term, the company is planning to expand its energy consultation and
services focusing on energy efficiency.
To set a good example in its own company, the Burkhalter Group developed its
climate transition plan in 2023. Its main sources of emissions are the
vehicle fleet and the company's own buildings. It started with a
quantitative analysis of emissions along the supply chain in 2023 and will
continue with this work in 2024. The company is aiming to develop its
climate transition plan in 2024, which is guided by the Swiss Federal
Government's 2050 net-zero target.
A report on non-financial matters was issued for the first time in financial
year 2023 (Art. 964a et seq. CO). The Non-Financial Report 2023 can be
viewed at www.burkhalter.ch/en/about-us/investor-relations/publications.
Proposal of a dividend payout planned
The gratifying annual result in 2023 prompts the Board of Directors to ask
the Shareholders' Meeting taking place on 14 May 2024 to approve a dividend
of CHF 4.45 gross per share (previous year CHF 4.25). Half of the dividend
is to be paid out from net profit and half from the reserves from capital
contributions.
Merger of the service organisations
The service organisations of Burkhalter Management Ltd (Electrical
Engineering) and Burkhalter Services Ltd (HVACP) will be merged to form one
company when they are relocated to the shared site at Flurstrasse 55 in
Zürich-Altstetten in summer 2024. This company will be renamed Burkhalter
Services Ltd and provide support to all Group companies as well as
Burkhalter Holding Ltd.
Outlook remains confident
Based on the existing need for refurbishment with regard to energy
efficiency as well as the extraordinarily high demand for appropriate
services, the management of the Burkhalter Group foresees further growth
potential. It views Burkhalter as well positioned to continue to make a
considerable contribution to achieving the goals of the Swiss Federal
Government's Energy Strategy 2050 and thus expects to be able to increase
earnings per share moderately again in financial year 2024 compared with the
previous year.
Thanks to our employees
The Board of Directors and management would like to thank the employees, who
demonstrate such commitment to our customers as well as to the company's
sustainable success.
Financial Report 2023 and Non-Financial Report 2023
The 2023 Annual Report of the Burkhalter Group, consisting of the two
publications Financial Report 2023 and the Portrait 2023, as well as the
Non-Financial Report 2023 can be downloaded at:
www.burkhalter.ch/en/about-us/investor-relations/publications
FINANCIAL RESULTS MEDIA CONFERENCE * Monday, 8 April 2024 from 9:00-10:30 a.m., SIX ConventionPoint, Pfingstweidstrasse 110, 8005 Zurich and * online participation via stream: (1)event.choruscall.com/mediaframe/webcast.html?webcastid=uRwaTvaq 1. https://event.choruscall.com/mediaframe/webcast.html?webcastid=uRwaTvaq
Download media release as PDF here
Contact:
Burkhalter Holding Ltd
Elisabeth Dorigatti, Head of Corporate Communication, Sustainability and
Investor Relations
+41 44 439 36 33
e.dorigatti@burkhalter.ch www.burkhalter.ch
News Source: Burkhalter Holding AG
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End of Inside Information
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Language: English
Company: Burkhalter Holding AG
Hohlstrasse 475
8048 Zürich
Switzerland
Internet: www.burkhalter.ch
ISIN: CH0212255803
Valor: 21225580
Listed: SIX Swiss Exchange
EQS News ID: 1874809
End of Announcement EQS News Service
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1874809 08-Apr-2024 CET/CEST
