Brief: OC Oerlikon FY Results Impacted By Polymer Processing Solutions Downturn

OC Oerlikon AG, Pfaeffikon

20/02/2024 05:41

Feb 20 (Reuters) - OC OERLIKON CORPORATION AG PFAEFFIKON
 OERL.S :
    * RESILIENT OPERATIONAL RESULTS IN HIGHLY DEMANDING
ENVIRONMENT;
TAKING FINAL STEP TO BECOME A PURE-PLAY SURFACE SOLUTIONS LEADER
OVER NEXT 12-36 MONTHS
    * 2023 GROUP ORDERS, SALES AND EBITDA IMPACTED BY POLYMER
PROCESSING SOLUTIONS DOWNTURN
    * 2024 OUTLOOK: EXPECTING HIGH SINGLE-DIGIT PERCENTAGE
DECREASE IN
FX-ADJUSTED ORGANIC SALES AND OPERATIONAL EBITDA MARGIN OF
15.0-15.5%
    * OC OERLIKON : - 2024 OUTLOOK: EXPECTING HIGH SINGLE-DIGIT
PERCENTAGE DECREASE IN FX-ADJUSTED ORGANIC SALES AND OPERATIONAL
EBITDA MARGIN OF 15.0-15.5%.
    * OUTLOOK 2024: ANTICIPATE GROWTH IN SURFACE SOLUTIONS TO BE
OFFSET BY POLYMER PROCESSING SOLUTIONS
    * BOARD TO PROPOSE AN ORDINARY DIVIDEND OF CHF 0.20 PER
SHARE IN
LINE WITH DIVIDEND POLICY
    * IN SURFACE SOLUTIONS 7% ORGANIC SALES GROWTH AT CONSTANT
FX AND
SEQUENTIALLY IMPROVED PROFITABILITY THROUGHOUT 2023
    * EXECUTIVE CHAIR MODEL TO DISCONTINUE UPON FINAL STRATEGIC
STEP
TO BECOME A PURE-PLAY GLOBAL MARKET LEADER IN SURFACE SOLUTIONS
WITHIN NEXT 12-36 MONTHS
    * CONFIRMS ITS MID-TERM TARGET OF 4-6% ORGANIC SALES GROWTH
(AT
CONSTANT FX) FOR SURFACE SOLUTIONS

Source text for Eikon:  ID:nEQ5nXj7Ka 
Further company coverage:  OERL.S 

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