BURKHALTER HOLDING AG MEDIA RELEASE
The Burkhalter Group posts excellent results for the 2014 financial year
2014 was a very good financial year for the Burkhalter Group. All relevant key figures were increased significantly on the previous year: earnings per share improved by 17.2%, the operating result (EBIT) by 21.5%, Group profit by 20.7% and sales by 3.5%. This success allows the Board of Directors to ask the Shareholders' Meeting to approve a dividend of CHF 5.00 per share. Management's objective for the current financial year is to once again increase earnings per share, but the rise is unlikely to be quite as high as in 2014.
Zurich, 13 April 2015
2014 was the best financial year for the Burkhalter Group since its IPO in 2008. As forecast, the rate of increase in earnings per share for 2014 as a whole was smaller than in the first half of 2014, but at 17.2% it still ran into double digits. Earnings per share came to CHF 5.25 (previous year CHF 4.48), the operating result (EBIT) was CHF 38.7 million (previous year CHF 31.9 million, up by 21.5%), Group profit was CHF 31.5 million (previous year CHF 26.1 million, up by 20.7%), and sales came in at CHF 519.5 million (previous year CHF 501.8 million, up by 3.5%).
These excellent results are due to the hard work of our highly motivated employees and efficiency gains in our processes. The strategy of accepting orders on a selective basis is also paying off.
Growth in core business
The Burkhalter Group's strategy is to expand its national network by selectively acquiring other electrical engineering companies, thereby gaining in strength and prominence. In the 2014 financial year, the Group
bought Elektro Zeller AG in Murg. This company has been successfully operating in the regional market since 1946 and primarily offers traditional electrical engineering services. It was merged with Elektro Pizol AG in Sargans retroactively to 1 January 2015. The Kolb Group's electrical division in the Rheintal was purchased on 3 February 2015. The deal will be finalised by 3 July 2015 at the latest.
Dividend proposal
The financial success of the Burkhalter Group will allow the Board of Directors to ask the Shareholders' Meeting on 22 May 2015 to approve a dividend of CHF 5.00 per share.
Outlook remains optimistic
Management's objective for the current financial year is to once again increase earnings per share, but the rise is unlikely to be quite as high as in 2014. We believe that this is a very realistic assessment in view of the current situation.
Annual report 2014
The 2014 Annual Report of the Burkhalter Group, consisting of the Financial Report 2014 and the Portrait 2014, can be downloaded at http://www.burkhalter.ch/en/investor-relations/reports
Financial results press conference Monday, 13 April 2015 from 9.00 to 11.00 am Convention Point, SIX Swiss Exchange, Selnaustrasse 30, 8001 Zurich, «Decision» room |
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