BURKHALTER HOLDING AG MEDIA RELEASE
Burkhalter Group: closed the 2016 financial year with very positive results
Yet again, the Burkhalter Group closed the 2016 financial year with very positive results. This success will allow the Board of Directors to ask the Shareholders' Meeting to approve a dividend in the amount of CHF 5.50 per share. The management assumes that slight improvements in operating activities can be expected again in the current year. Whether earnings per share can be increased further as a result depends on the performance of Alpiq Burkhalter Technik AG, a 50% joint venture between Burkhalter Holding AG and Alpiq Intec AG.
Zurich, 10 April 2017
The Burkhalter Group was very successful in the 2016 financial year, again increasing all relevant key figures. Earnings per share came to CHF 6.08 (previous year CHF 5.80, up by 4.8%), the operating result (EBIT) was CHF 44.2 million (previous year CHF 42.3 million, up by 4.6%), Group profit was CHF 36.5 million (previous year CHF 34.8 million, up by 4.9%), and sales came in at CHF 512.6 million (previous year CHF 509.7 million, up by 0.6%).
The Burkhalter Group continues to grow
Since the IPO in June 2008, the Burkhalter Group has made 19 acquisitions, reinforcing its strength and presence everywhere in Switzerland. On 4 July 2016, it bought M + H Elektro AG and Jurt Elektro AG in Lachen in the canton of Schwyz. Both companies offer traditional electrical engineering services. The latest member of the Group, Bieri Elektrotechnik AG in Uetendorf / Thun in the canton of Bern, which specialises in the construction of switchgear assemblies and is a subsidiary of CM Bieri Holding AG in Zäziwil, was acquired on 9 January 2017. To strengthen and expand the Burkhalter Group further, the management will remain on the lookout, albeit selectively, for suitable Swiss electrical engineering companies.
Approval of a dividend
The financial success of the Burkhalter Group will allow the Board of Directors to ask the Shareholders' Meeting on 19 May 2017 to approve a dividend of CHF 5.50 (previous year CHF 5.25) per share.
Thanks
The ever-greater success enjoyed by the Burkhalter Group is down to the hard work done by its over 3,000 employees. On 24 June 2016, the Board of Directors and the management - acting on behalf of the shareholders as well - thanked them for this and celebrated with the employees at a big event entitled «Let US celebrate!» at the Burkhalter Wies'n Gaudi.
Outlook optimistic
The management assumes that slight improvements in operating activities can be expected again in the current year. Whether earnings per share can be increased further as a result depends on the performance of Alpiq Burkhalter Technik AG, a 50% joint venture between Burkhalter Holding AG and Alpiq Intec AG.
Annual report 2016
The 2016 Annual Report of the Burkhalter Group, consisting of the Financial Report 2016 and the Portrait 2016, can be downloaded at http://www.burkhalter.ch/en/investor-relations/reports
Financial results press conference Monday, 10 April 2017 from 9.00 to 11.00 am Convention Point, SIX Swiss Exchange, Selnaustrasse 30, 8001 Zurich, «Decision» room |
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