Brief: OC Oerlikon Q2 Group Sales Down At CHF 702 Million

OC Oerlikon AG, Pfaeffikon

03/08/2023 05:36

Aug 3 (Reuters) - OC OERLIKON CORPORATION AG PFAEFFIKON
 OERL.S :
    * H1 WITH 10% ORGANIC SALES GROWTH IN SURFACE SOLUTIONS
DESPITE
CHALLENGING ENVIRONMENT; FILAMENT MARKET WITH LIMITED ACTIVITY
FOR POLYMER PROCESSING SOLUTIONS
    * OUTLOOK 2023: UPDATED, INCLUDING M&A AND FX IMPACTS; GROUP
EXPECTS SALES OF CHF 2.75 – 2.8 BN AND EBITDA MARGIN OF ABOUT
15.5%
    * Q2 GROUP ORDERS DECREASED BY 15.0% TO CHF 657 MILLION
    * Q2 GROUP SALES DECREASED SLIGHTLY BY 4.4% TO CHF 702
MILLION,
DRIVEN BY POSTPONEMENTS IN POLYMER PROCESSING SOLUTIONS’
FILAMENT ORDERS
    * Q2 AT CONSTANT EXCHANGE RATES, GROUP SALES INCREASED BY
3.6%,
INCLUDING 5.9% FROM RIRI
    * H1 GROUP’S ORDER INTAKE DECREASED BY 14.4% YEAR-OVER-YEAR
TO CHF
1 338 MILLION
    * H1 SALES WERE STABLE AT CHF 1 437MILLION
    * H1 OPERATIONAL EBITDA FOR THE HALF YEAR AMOUNTED TO CHF
227
MILLION, CORRESPONDING TO A MARGIN OF 15.8%
    * H1 OPERATIONAL EBIT WAS CHF 118 MILLION, OR 8.2% OF SALES
    * OUTLOOK 2023: CONTINUES TO EXPECT A MID-SINGLE-DIGIT
PERCENTAGE
ORGANIC SALES DECREASE AT CONSTANT CURRENCIES, DRIVEN BY
POSTPONEMENT OF CUSTOMER INVESTMENT DECISIONS IN POLYMER
PROCESSING SOLUTIONS

Further company coverage:  OERL.S 

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