Brief: OC Oerlikon Q1 Group Sales Up At CHF 735 Mln

OC Oerlikon AG, Pfaeffikon

03/05/2023 05:38

May 3 (Reuters) - OC OERLIKON CORPORATION AG PFAEFFIKON
 OERL.S :
    * CONTINUED STRATEGY EXECUTION; SUCCESSFULLY CLOSED
ACQUISITION OF
RIRI
    * Q1 GROUP SALES INCREASED 5% (+11% FX ADJUSTED), DRIVEN BY
SURFACE SOLUTIONS; ORDER INTAKE IMPACTED BY ORDER POSTPONEMENTS
IN POLYMER PROCESSING SOLUTIONS.
    * Q1 GROUP OPERATIONAL EBITDA MARGIN OF 15.8%. SURFACE
SOLUTIONS
IMPACTED BY HIGHER INPUT COSTS AND SALES MIX EFFECTS FROM
INCREASE IN DEMAND FOR EQUIPMENT AND MATERIALS.
    * CONFIRMING FULL-YEAR GUIDANCE: SALES, INCLUDING RIRI, OF
CHF
2.90-2.95 BILLION AT CONSTANT EXCHANGE RATES AND OPERATIONAL
EBITDA MARGIN OF 16.0-16.5%. EXPECTING POSITIVE IMPACTS ON
MARGIN FROM PRICING MEASURES AND PREVIOUSLY ANNOUNCED COST
ACTIONS THROUGHOUT 2023.
    * Q1 GROUP ORDERS DECREASED BY 13.9% (9.7% FX ADJUSTED) TO
CHF 681
MILLION
    * Q1 GROUP SALES IMPROVED BY 5.4% TO CHF 735 MILLION, DRIVEN
BY
SURFACE SOLUTIONS. AT CONSTANT EXCHANGE RATES, GROUP SALES
INCREASED BY 10.7%
    * Q1 GROUP OPERATIONAL Q1 EBITDA WAS CHF 116 MILLION

Further company coverage:  OERL.S 

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