Brief: OC Oerlikon Q3 Operational EBIT At CHF 72 Mln

OC Oerlikon AG, Pfaeffikon

03/11/2022 05:36

Nov 3 (Reuters) - OC OERLIKON CORPORATION AG PFAEFFIKON
 OERL.S :
    * GROUP SALES INCREASED BY 7% YEAR-OVER-YEAR, 12.5% FX
ADJUSTED,
AND OPERATIONAL EBITDA GREW BY 8% IN Q3
    * POLYMER PROCESSING SOLUTIONS ACHIEVED 6% SALES GROWTH,
12.3% FX
ADJUSTED, AND 17% OPERATIONAL EBITDA GROWTH IN THE THIRD
QUARTER. Q3 ORDERS -16.8%, -12.8% FX ADJUSTED. YEAR-TO-DATE
ORDERS +12% AND SALES +21%
    * 2022 GROUP GUIDANCE UPDATED: OERLIKON EXPECTS SALES >CHF
2.9
BILLION AND OPERATIONAL EBITDA MARGIN OF 17.0–17.5%
    * SURFACE SOLUTIONS INCREASED SALES BY 7%, 12.6% FX ADJUSTED
IN
Q3. OPERATIONAL EBITDA MARGIN TRANSITORILY IMPACTED BY PRODUCT
MIX AND HIGHER ENERGY COSTS
    * Q3 GROUP ORDER INTAKE DECREASED BY 8.5% TO CHF 764 MILLION
    * Q3 SALES INCREASED BY 6.7% TO CHF 742 MILLION
    * Q3 AT CONSTANT EXCHANGE RATES, GROUP SALES INCREASED BY
12.5%
    * Q3 OPERATIONAL EBITDA FOR THE THIRD QUARTER IMPROVED BY
7.6% TO
CHF 126 MILLION, AND THE OPERATIONAL EBITDA MARGIN IMPROVED BY
20 BASIS POINTS TO 17.0%
    * Q3 OPERATIONAL EBIT WAS CHF 72 MILLION, OR 9.8% OF SALES
(Q3
2021: CHF 61 MILLION; 8.7%)
    * MARGIN IMPROVEMENTS ARE ATTRIBUTED TO HIGHER SALES AND THE
BENEFITS OF COST ACTIONS EXECUTED BY THE GROUP
    * OUTLOOK 2022: FOR THE FULL YEAR, OERLIKON EXPECTS SALES TO
EXCEED CHF 2.9 BILLION (PREVIOUSLY AROUND CHF 2.9 BILLION) AND
THE OPERATIONAL EBITDA MARGIN TO BE BETWEEN 17.0 AND 17.5%
(PREVIOUSLY AROUND 17.5%)
    * GROUP Q3 UNADJUSTED EBITDA WAS CHF 126 MILLION, OR 16.9%
OF
SALES (Q3 2021: CHF 115 MILLION, 16.6%), AND EBIT WAS CHF 73
MILLION, OR 9.8% (Q3 2021: CHF 58 MILLION, 8.3%)

Further company coverage:  OERL.S 
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