Solid sales growth and normalized order intake For 2012, the Oerlikon Group reported an increase in sales in continuing operations of 6.4 % to CHF 2 906 million (2011: CHF 2 731 million). Textile achieved the highest sales growth rate, reporting an increase in sales of 21.3 % compared to the previous year, benefitting from ongoing demand for innovative products in the manmade fiber business.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
The Coating Segment also contributed to the increased Group sales driven by new, innovative products, expansion of the coating center network and new coating solutions which counterbalanced the market slowdown, particular in the automotive industry, over the course of the year.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
While the Drive Systems Segment increased sales in 2012, the Vacuum Segment saw a sales decline of 8.8 %. Sales in the Advanced Technologies Segment slightly declined. Currency impact for the full financial year 2012 was minor. Adjusted for currency effects, sales would have reached CHF 2 875 million, reflecting a growth rate of 5.3 %.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
Order intake for the Group normalized at a high level, closing the year at CHF 2 802 million (FY 2011: CHF 2 878 million). The challenging environment affected the order intake in the Vacuum and Drive Systems Segments which was not fully compensated by increasing orders in the Textile, Coating and Advanced Technologies Segments. Order backlog fell as expected, with CHF 834 million on the books as of year-end (FY 2011: CHF 971 million).
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
Q4 summary – strong profitability
The Oerlikon Group reported a strong profitability in the fourth quarter 2012 with an EBIT of CHF 89 million, up 23.6 % compared to CHF 72 million a year ago. EBIT margin of 12.8 % was significantly above prior year’s level of 10.1 %. This result was driven by a strong performance in the Textile, Coating and Advanced Technologies Segments, whereas Drive Systems and Vacuum Segments reported lower margins compared to Q4 2011.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
Group sales in the fourth quarter 2012 of CHF 693 million were slightly below CHF 713 million reported in the fourth quarter 2011. Sales growth in the Textile, Coating and Advanced Technologies Segments was not able to fully compensate the decline in the Drive Systems and Vacuum Segments.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
In light of the challenging economic environment in the fourth quarter, Group order intake declined by 9.6 % to CHF 634 million (Q4 2011: CHF 701 million) mainly driven by the Drive Systems and Vacuum Segments, whereas the Textile, Coating and Advanced Technologies Segments were able to increase order intake.
Oerlikon Group reports full year and fourth quarter 2012 results.-Oerlikon increased profitability to EBIT margin of 14.5 %-EBIT up by 32.4 % to CHF #
Oerlikon Group