Burckhardt Compression Holding AG (0QNN.L,BCHN.SW),a Swiss reciprocating compressor technology manufacturer on Wednesday reported reduced profit despite stronger sales in the first half mainly impacted by higher operating expenses.
In addition, the firm expects a stronger second half of the year and believes to be on track to achieve fiscal year 2025 guidance and 2027 Mid-Range Plan ambitions.
For the six months ended, net income attributable to shareholders declined 0.9 percent to 48.66 million Swiss Franc from 49.12 million Swiss Franc in the prior year.
On a per share basis profit decreased 0.7 percent to 14.40 Francs from 14.50 francs in the prior year.
Earnings before taxes slipped to 63.50 million francs from 64.90 million yen a year ago.
Other operating expenses for the period increased to 23.69 million francs from 19.55 million francs from the last year.
However, sales improved 2.8 percent to 516.21 million Francs from 502.09 million francs last year.
For the fiscal year 2025, the firm continues to expect sales around 1.1 billion Francs at the Group level and stronger profitability in the second half due to the product and service mix.
On Monday, the shares had closed 1.80% lower at 546 Francs in the Swiss market.
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