Swiss group OC Oerlikon cuts annual guidance as Q2 orders drop
03/08/2023 05:39
Aug 3 - Swiss industrial group OC Oerlikon OERL.S on
Thursday cut its EBITDA margin target for 2023 as order intake
kept falling in the second quarter due to weak filament fibre
demand from China.
The group expects to report an operating profit (EBITDA)
margin at 15.5% for the full year, down from a previous forecast
of 16% to 16.5%.
(Reporting by Andrey Sychev; Editing by Tom Hogue)
((Andrey.Sychev2@thomsonreuters.com))