OC Oerlikon / CH0000816824
07.05.2024 - 06:30:12Q1 with Improved Sequential Order Intake in Polymer Processing Solutions and Strong Profitability in Both Divisions
OC Oerlikon / Key word(s): Quarter Results 07-May-2024 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Polymer Processing Solutions improved sequential order intake by 38% vs Q4 2023. Surface Solutions delivered stable organic sales in ongoing challenging end markets. Strong execution resulting in robust Group operational EBITDA margin of 15.7%. Surface Solutions saw an improvement of +122 basis points year-over-year. Polymer Processing Solutions achieved double-digit EBITDA margin despite cyclically low Q1 sales volume. 2024 guidance confirmed. Group Key Figures as of March 31, 2024 (CHF million)1
Surface Solutions Division Surface Solutions achieved stable organic orders and sales, at constant exchange rates, supported by automotive and aerospace. The division saw cautious customer purchasing as reflected in the soft Purchase Management Index (PMI). While the Euro Area manufacturing PMI remained in contraction, the PMIs for China and the US were at neutral levels. Operational EBITDA margin improved 122 basis points to 17.6%, supported by innovation, efficiency and pricing. Key figures as of March 31, 2024 (CHF million)1
About Oerlikon Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. The Group’s solutions and comprehensive services, together with its advanced materials, empower customers by improving and maximizing the performance, function, design and sustainability of customers’ products and manufacturing processes in key industries. Pioneering technology for decades, everything Oerlikon invents and does is guided by its passion to support customers’ goals and foster a sustainable world. Headquartered in Pfaeffikon, Switzerland, the Group operates its business in two Divisions – Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 12 600 employees at 207 locations in 38 countries and generated sales of CHF 2.7 billion in 2023. For further information, please contact:
Disclaimer OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document. The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise. This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions. News Source: OC Oerlikon Management AG End of Inside Information |
Language: | English |
Company: | OC Oerlikon |
Churerstrasse 120 | |
CH - 8808 Pfäffikon SZ | |
Switzerland | |
Phone: | +41 58 360 96 96 |
Fax: | +41 58 360 91 96 |
E-mail: | info@oerlikon.com |
Internet: | www.oerlikon.com |
ISIN: | CH0000816824 |
Valor: | 863037 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; SIX Swiss Exchange |
EQS News ID: | 1896935 |
End of Announcement | EQS News Service |
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