Better-than-expected Q2 drives OC Oerlikon shares
03/08/2022 08:47
** OC Oerlikon OERL.S shares rise 3.7%, on track for best
day in almost five months, after the Swiss industrial group
reports better-than-expected Q2 results driven by polymer
business urn:newsml:reuters.com:*:nFWN2ZE4DQ
** "Oerlikon reported strong 2Q results with sales, orders
and EBITDA margins all comfortably beating expectations and
growing meaningfully versus prior year," Vontobel says
** Q2 orders increased by 19.5% to CHF 773 million, while
sales were up 16.9% to CHF 734 million
** Q2 operational EBITDA rose 15% to CHF 128 million,
corresponding to a margin of 17.4%
** Credit Suisse notes H1 sales and EBITDA came in 5% and 9%
ahead of consensus
** "The share price might benefit today," Baader Helvea says
(Reporting by Linda Pasquini)
((Linda.pasquini@thomsonreuters.com))