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Burkhalter Holding AG

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Ad hoc news News vom 07.09.2020

Despite COVID-19, 2020 half-year results show a profit
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Media release

 
 

Despite COVID-19, 2020 half-year results show a profit

 

The Burkhalter Group closed the first half of 2020 with a profit despite COVID-19. The fall in profits is mainly attributable to the inefficiencies resulting from the protective measures, the unexpected postponement of projects and the partial standstill at building sites in French-speaking Switzerland and in Ticino. For the second half of 2020, when earnings are usually stronger, the Burkhalter Group’s management aims to achieve the normal EBIT margin of ca. 6% achieved in previous years. However, this presupposes that the negative effects resulting from COVID-19 do not intensify once more.

 

Zurich, 7 September 2020

 

On 30 June 2020, the Burkhalter Group closed the first half of 2020 as follows: the operating result (EBIT) came to CHF 2.7 million (previous year CHF 11.4 million, -76.5%), while Group profit stands at CHF 1.6 million (previous year CHF 8.8 million, -81.3%). Sales amounted to CHF 235.3 million (previous year CHF 241.0 million, -2.4%).

 

Company purchased in Davos

The Burkhalter Group made one acquisition in the first half of 2020, acquiring Elektro Christoffel, Inhaber Andrea Stiffler AG, in Davos Platz (GR) on 6 January. The acquisition of additional market share via the targeted purchase of other electrical engineering companies remains part of the Group’s strategy. As of 30 June 2020, the Burkhalter Group comprises 47 companies in 100 locations.

 

Outlook

For the second half of 2020, when earnings are usually stronger, the Burkhalter Group’s management aims to achieve the normal EBIT margin of ca. 6% achieved in previous years. However, this presupposes that the negative effects resulting from COVID-19 do not intensify once more.

 

Key figures                                                    

In CHF million

30.06.2019

 

30.06.2020

in %

Operating result (EBIT)

11.4

2.7

– 76.5

Group profit

8.8

1.6

– 81.3

Group sales

241.0

235.3

– 2.4

 

 

 

 

CHF

 

 

 

Earnings per share

1.46

0.27

– 81.5

 

 

The 2020 interim report can be downloaded from the Burkhalter website at https://www.burkhalter.ch/en/about-us/investor-relations/publications

 

 

Telephone conference: Monday, 7 September 2020, from 09h15

The Burkhalter Group will discuss its 2020 consolidated interim financial statements during a telephone conference today.

 

Please call in five minutes before the start of the conference (at 09h15) on

+41 (0)58 310 50 00 (Europe)

+44 (0)207 107 06 13 (UK) 

+1 (1)631 570 56 13 (USA)

 

The moderator for the telephone conference will connect you with the Chairman of the Board of Directors, Mr Gaudenz F. Domenig, the CEO and the delegate of the Board of Directors, Mr Marco Syfrig and the CFO, Mr. Zeno Böhm.          

 
Download media release as PDF here
 
 
 
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