Home / Knowledge / News / Textiles / Oerlikon EBIT margin touches 12.7% in 2013
Oerlikon EBIT margin touches 12.7% in 2013
10
Mar '14
The Oerlikon Group delivered another strong performance in 2013, despite a challenging environment in major end-markets. Order intake grew by 3.2 %, sales remained at prior year level (-0.8 %).
 
An EBIT margin of 12.7 % confirmed Oerlikon’s profitability level, which positions the Group amongst leading industrial peers. Oerlikon’s Manmade Fibers and Coating Segments delivered record margins and continued to operate on Best-in-Class levels. 
 
Strong operational performance and the proceeds from the divestments improved net liquidity to CHF 981 million (FY 2012: CHF 339 million) and equity ratio to 51 %. Oerlikon CEO Dr. Brice Koch said: “Based on strong performance in 2013, we can now accelerate profitable growth, both organically and inorganically, in line with a disciplined execution of our strategic agenda. The recent signing of the acquisition of Sulzer Metco is a first key milestone in this direction.”
 
Highlights: 
Healthy order intake growth in demanding markets
EBITDA margin of 17.1 % and EBIT margin of 12.7 %
Oerlikon’s position amongst leading industrial peers confirmed
Result from continuing operations increased by 18.8 % to CHF 259 million
Further improved net liquidity of CHF 981 million and equity ratio of 51 %
Second consecutive dividend increase of 8 % to CHF 0.27 per share recommended
Acquisition of Sulzer Metco will form global technology leader for Surface Solutions
Outlook 2014: sales growth, stable order intake and stable profitability
 
Growth in orders, sales at prior year level
Order intake grew by 3.2 % to CHF 2 893 million compared to CHF 2 802 million in 2012, with all Segments, except the Advanced Technologies Segment, reporting higher orders. As expected, Group sales of CHF 2 883 million were at prior year’s level (-0.8 %, CHF 2 906 million). Sales increased in all Segments except the Drive Systems Segment. The regional sales split remained largely unchanged with Asia accounting for 44 % of the Group’s total sales, Europe for 34 % and North America for 17 % (others: 5 %).
 
Click here to view full results.
 
 

The Oerlikon Group

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X