Home / Knowledge / News / Textiles / Oerlikon Q1 EBIT lifts 2.3% to CHF 87mn
Oerlikon Q1 EBIT lifts 2.3% to CHF 87mn
13
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.
 

Oerlikon


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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