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Oerlikon Q1 EBIT lifts 2.3% to CHF 87mn
May '14
In the first quarter of 2014, Oerlikon continued to deliver a sustainable high profitability reinforcing its position among leading industrial peers. Despite ongoing challenges in major end markets and regions, EBIT increased to CHF 87 million from CHF 85 million in Q1 2013, resulting in an EBIT margin of 12.1 % (Q1 2013: 11.8 %). 
Oerlikon confirms high level of profitability
-Q1 2014 EBIT margin of 12.1 %; EBITDA margin of 16.7 %
-Sales of CHF 720 million at prior year level impacted by foreign exchange rates;  sales growth of 1.9 % at stable currencies (CHF 737 million)
-Manmade Fibers and Coating Segments continue at Best-in-Class level
-Closing of Metco transaction on track
-Ongoing innovations and regional expansion in most of the Segments
-Full-year 2014 guidance confirmed
Oerlikon’s Manmade Fibers and Coating Segments contributed most prominently to the Group’s profitability. At stable exchange rates sales grew by 1.9 % to CHF 737 million (reported: CHF 720 million) compared to CHF 723 million a year ago. Order intake softened as expected in the first quarter of 2014 to CHF 697 million compared to the exceptional high Q1 2013 at CHF 763 million in which a record order intake was realized in the Manmade Fibers and Advanced Technologies Segments. 
Oerlikon CEO Dr. Brice Koch said, “Based on our innovative product portfolio and balanced global market position, we delivered underlying sales growth in Q1 2014 and we have a good foundation to accelerate growth on our multi-year agenda. The first quarter results are another confirmation of Oerlikon’s ability to sustainably deliver high profitability further strengthening our position and agility going forward.”
Group sales stable, order intake as expected
Q1 Group sales came in at CHF 720 million at the prior year level, growing at stable currency rates by 1.9 % to CHF 737 million compared to CHF 723 million a year ago. Sales grew in the Drive Systems (+3.2 % to CHF 194 million) and Vacuum (+2.1 % to CHF 96 million) Segments. Manmade Fibers Segment sales declined by 3.6 %, still operating on a high level at CHF 296 million. The decrease resulted from the normal phasing in project-driven businesses. Coating Segment sales were stable at CHF 124 million with growth in coating services in local currencies compensating for slightly fewer equipment sales.
Click here to view full results.


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