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.