Swiss group OC Oerlikon lowers full-year guidance on tariff woes (updated)
05/08/2025 06:15
Adds context on Swiss tariffs in paragraphs 4, 5, Q2 results in paragraph 6 Aug 5 (Reuters) - Swiss industrial group OC Oerlikon OERL.S lowered its full-year guidance on Tuesday, citing weak industrial demand and the evolving burden on the economy from U.S. trade tariffs. The group forecast flat to slightly lower sales at a constant foreign exchange rate and an operational EBITDA margin between 17.0% and 17.5%. It had previously guided for stable to low single-digit percentage organic revenue growth and an operating margin of around 18.5%. The U.S. punitive tariff rate of 39% on Swiss goods is higher than nearly any other Western trading partner, and is set to take effect on August 7. According to a survey by economiesuisse, around half of Swiss export-oriented companies expect negative consequences from the tariffs. Oerlikon said its second-quarter orders contracted as trade tensions pushed some customers into wait-and-see mode. It reported an order intake of 405 million Swiss francs ($501 million), compared to a company-compiled consensus of 396 million Swiss francs. ($1 = 0.8090 Swiss francs) (Reporting by Maria Rugamer and Bartosz Dabrowski in Gdansk; Editing by Christopher Cushing and Milla Nissi-Prussak) ((maria.rugamer@thomsonreuters.com;))