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Zurich, 15 September 2014
The Burkhalter Group can present a very encouraging interim balance sheet for the first half of 2014. The earnings per share were raised by 34% on the previous year to CHF 2.31 (previous year restated CHF 1.72). At CHF 16.9 million (previous year restated CHF 12.4 million), the operating result (EBIT) was up by 36%. The Group profit rose by 40% to CHF 13.6 million (previous year restated CHF 9.7 million), while sales improved by 4% to CHF 247.0 million (previous year restated CHF 236.6 million).
These excellent results are due to the hard work of our highly motivated employees and related efficiency enhancements to work processes – in keeping with the motto "if the employees on the construction sites are happy, the customers are also happy and success is guaranteed." The strategy of accepting orders on a selective basis is also paying off.
Growth through acquisition
The Burkhalter Group purchased Elektro Zeller AG in Murg on 6 January 2014. This company has been successfully operating in the regional market since 1946 and primarily offers traditional electrical engineering services. This is the Burkhalter Group's 15th acquisition since its IPO in June 2008. In the middle of the 2014 financial year, the Group comprised 40 independent electrical engineering companies at 96 locations throughout Switzerland.
Excellent outlook
At present, the outlook for the overall financial year 2014 is excellent. As the second half of 2013 was already extremely successful, the rate of increase in the earnings per share for 2014 as a whole is likely to be smaller than in the first half of 2014, but is still expected to run into double digits.
Key figures
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In CHF million
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30.06.2013 (restated)
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30.06.2014
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▲ in %
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Operating result (EBIT)
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12.4
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16.9
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+36
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Group profit
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9.7
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13.6
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+40
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Group sales
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236.6
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247.0
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+4
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In CHF
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Earnings per share
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1.72
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2.31
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+34
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The 2014 interim report can be downloaded from the Burkhalter website at
http://www.burkhalter.ch/en/investor-relations/reports
Telephone conference: Monday, 15 September 2014, from 09h15
The Burkhalter Group will discuss its 2014 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)203 059 58 62 (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 as well as to the CEO and the delegate of the Board of Directors, Mr Marco Syfrig.
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