OC Oerlikon plans to separate its polymer processing business
20/02/2024 05:46
Feb 20 (Reuters) - Swiss fibre and metal coating maker
OC Oerlikon OERL.S on Tuesday said it was exploring options to
separate its polymer processing business from the group, after
2023 core earnings fell 13.4% due to a downturn in the division.
OC Oerlikon reported annual operational earnings before
interest, taxes, depreciation and amortisation of 444 million
Swiss francs ($503 million), compared with 513 million in 2022.
($1 = 0.8828 Swiss francs)
(Reporting by Louis van Boxel-Woolf and Marleen Kaesebier)
((Louis.vanBoxel-Woolf@thomsonreuters.com;))