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Oerlikon continues strong profitable sales growth

22 Oct '11
5 min read

Focusing the portfolio continues
Adjustments to focus the Group's portfolio continued in the third quarter as Oerlikon closed the divestments of the Carding unit and Coating's heat treatment division in France in order to focus on businesses which are able to fulfill Oerlikon's expectations on long-term growth and profitability.

Outlook 2011
The global economic environment remains uncertain but with Oerlikon's broad portfolio mix, high emerging market penetration, strong innovation pipeline and operational discipline, the Group is now better positioned to tackle challenges and to achieve its financial targets. Oerlikon is confirming its previous sales and order intake guidance (based on current foreign exchange rates) and increasing its profitability guidance for the full year 2011. The EBIT margin is now expected to exceed 9 percent, compared to a previous EBIT margin estimate of between 8 and 9 percent. Therefore, for full year 2011, compared to 2010, the Oerlikon Group expects:

• Sales to grow by up to 10 %
• Order intake to decline by around 10 %
• EBIT margin to exceed 9 %

Oerlikon Textile: Sales at the world's leading manufacturer of textile machines and components were excellent, growing 34 percent on the back of business at Oerlikon Barmag and Oerlikon Schlafhorst, market demand for man-made fibers and numerous new product launches. The Segment's backlog remained solid as a robust order backlog in the man-made fiber business (Barmag), fueled an 11 percent increase. Order intake was down 10 percent as expected, as demand in the natural fiber business shows the first signs of stabilizing at a normalized level.

In the third quarter, Textile launched seven new textile machines at the 2011 ITMA trade fair that help customers improve efficiency, flexibility and quality, while reducing energy consumption, through energy savings of up to 50 percent and productivity gains of up to 25 percent. The Segment won a contract to deliver 18 of its new Autocoro 8 machines to India's Noman Textile Group. A pioneering invention in rotor spinning in the last 30 years, the Autocoro 8 provides total integrated automation that helps customers increase productivity. Textile was awarded Vendor of the Year 2011 by its long-standing customer Parkdale.

Oerlikon Group

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TÜYAP IHTISAS FUARLARI A.S.
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Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
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TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
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Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
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