Oerlikon seen up after strong H1, guidance hike
BUZZ-Oerlikon seen up after strong H1, guidance hike ** Shares in Swiss industrial technology group Oerlikon OERL.S are seen up 2.1% in pre-market trade after first-half results and a full-year guidance upgrade
** Oerlikon says Q2 orders rose 19% y/y at constant FX, helped by higher volumes and increased material prices, while Q2 sales rose 8% y/y
** The company now expects 2026 sales to rise by a mid-single-digit percentage at constant FX and lifts its operational EBITDA margin guidance by 100-200 BPS
** Baader says H1 operational EBITDA was 4.7% above consensus, driven by operational leverage, cost savings, favourable mix and stock revaluation
** However, the broker says the updated guidance looks "highly challenging" and says it may be an appropriate time to consider taking profits, as some support from stock revaluation and pre-booking activity may not recur in H2
** Up to the previous session's close, shares were up 53.7% YTD.
(Reporting by Basile Day)