Burckhardt Compression : adopts Mid-Range Plan – Investor Day scheduled for January 9, 2018
December 06, 2017 at 12:53 am EST
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December 06, 2017
The Board of Directors of Burckhardt Compression, the world market leader for reciprocating compressor systems, has approved the Mid-Range Plan for the fiscal years 2018 to 2022.
The new plan is based on a thorough analysis of the company's target markets and a revised corporate strategy. Burckhardt Compression's Board of Directors and Executive Board are confident that the market for new systems has reached its trough. Going forward, business in the refinery and petrochemical/chemical industries as well as in related downstream market segments is expected to grow. Against this backdrop, Burckhardt Compression intends to maintain its market leadership in the Systems Division. The Services Division is expected to sustain its strong sales growth.
Management strategy is predicated on primarily organic growth, to which the full integration and consolidation of Arkos Field Services and Shenyang Yuanda Compressors will contribute. A balanced mix of sales from the Systems and Services Divisions is targeted. Burckhardt Compression is aiming for total sales of approximately CHF 700 million and an EBIT margin of 10-15% by fiscal year 2022.
Strategic priorities and action plans have been defined for both divisions. They will be presented along with a market update at the Investor Day on January 9, 2018.
Burckhardt Compression Holding AG published this content on 06 December 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 December 2017 05:51:03 UTC.
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Burckhardt Compression Holding AG is a Switzerland-based manufacturer of reciprocating compressors. The Company's product portfolio comprises compressor valves, rings, capital parts, labyrinth piston compressor components, and hyper and secondary compressor components. Its customized compressor systems are used in the upstream and downstream oil and gas, gas transport and storage, refinery, chemical, petrochemical and industrial gas sectors. The Company also provides related services, such as repair and maintenance, installation, condition monitoring and diagnostics, and spare parts. It is present in more than 80 countries and operates production and assembly facilities in Switzerland, India, China, the United States and South Korea.