Industrial group OC Oerlikon cuts margin guidance on market volatility
03/11/2022 05:52
Nov 3 (Reuters) - Swiss industrial group OC Oerlikon
OERL.S on Thursday cut its 2022 core profit margin outlook,
citing market volatility and weakening industrial activity.
The group trimmed its outlook for full-year operational
earnings before interest, taxes, amortisation and depreciation
(EBITDA) margin to between 17% and 17.5%, from around 17.5%
previously.
($1 = 1.0019 Swiss francs)
(Reporting by Tristan Chabba and Enrico Sciacovelli, editing by
Milla Nissi)
((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))