Switzerland's Oerlikon Q2 sales rise on growth in aviation; raises 2026 outlook
Switzerland's Oerlikon Q2 sales rise on growth in aviation; raises 2026 outlook
Overview
Switzerland surface tech firm's Q2 sales rose 8% at constant FX, driven by materials growth
Q2 order intake increased 20% yr/yr at constant FX
Company raised full-year guidance for sales and operational EBITDA margin
Outlook
Oerlikon raises 2026 sales growth outlook to mid-single-digit percent at constant FX
Company lifts 2026 operational EBITDA margin guidance to 18.5%-19.5%, from ~17.5%
Oerlikon says improved visibility for H2 supports raised guidance
Result Drivers
MATERIALS DEMAND - Growth in Aviation, Power Generation and General Industries drove higher order volumes and sales, supported by increased critical minerals prices
COST-EFFICIENCY MEASURES - Profitability improved due to footprint optimizations and cost-out actions started in 2025
AUTOMOTIVE WEAKNESS - Lower activity in Automotive weighed on Components segment performance
Company press release: ID:nEQ5Mwm7na
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales |
| CHF 412 mln |
|
Q2 Orders |
| CHF 465 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for OC Oerlikon Corporation AG, Pfaeffikon is CHF4.75, about 4.4% below its August 5 closing price of CHF4.97
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 11 three months ago
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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)