Home / Knowledge / News / Textiles / Oerlikon Textile sees strongest sales growth
Oerlikon Textile sees strongest sales growth
22
Apr '11
Oerlikon continued its sustainable growth path in the first quarter of 2011. Compared with last year the order intake posted a strong 23 percent increase, with all Segments delivering strong order growth.

Sales rose a substantial 35 percent year-on-year, as five Segments contributed with double-digit sales growth. All regions delivered order and sales growth, primarily led by significant increases in Asia. Increased volumes and on-going enhancement of cost structures further improved profitability. As usual, Oerlikon will publish profit figures with the half-year results.

Dr. Michael Buscher, CEO of Oerlikon Group, said: "Oerlikon's first quarter growth reflects the continuous performance improvement of our Segments through innovations and a disciplined execution of our 3 Year Business Plan. We are well on our way to reaching our 2011 targets and to achieving our sustainable Comeback."

Oerlikon Group CFO Jürg Fedier said: "We are realizing benefits from our strong presence in emerging markets and our investments in new products and services. The resulting higher volumes are playing a vital role in driving our profitable growth."

All Segments deliver strong order growth

First-quarter order intake rose a strong 23 percent to CHF 1 152 million, compared to CHF 937 million in the same quarter a year ago. Order backlog reached CHF 1 928 million compared with CHF 1 202 million at the end of the first quarter 2010. All Segments contributed to this strong order growth, highlighted by higher volumes in Textile, Coating, Drive Systems and Advanced Technologies. All regions delivered the order growth, led by increases in Asia, up 35 percent, and North America, up 19 percent, with an 8 percent increase in Europe. "Other regions" grew by 23 percent.

All regions and innovations drive sales growth, despite currency impact

First-quarter sales grew year-on-year a substantial 35 percent to CHF 953 million, up from CHF 705 million in the first quarter in 2010 as five Segments delivered double-digit sales growth year-on-year. Growing at 58 percent, Oerlikon Textile saw the strongest sales growth, followed by Coating, up 33 percent, while Oerlikon Drive Systems continued it sales growth trend with a 20 percent rise year-on-year. Sales grew in all regions, led by Asia, up 54 percent, North America, up 25 percent, Europe, up 22 percent, with "other regions," rising 11 percent. Foreign exchange effects reduced first-quarter sales by 11 percent, or CHF 106 million.
Outlook for 2011

Oerlikon's first-quarter performance reflects a major step in reaching its targets for 2011. The Group is focussing on delivering strong growth in profitability in 2011 through continuous product innovation and further cost optimization. Based on Oerlikon´s first-quarter performance the company confirms its guidance: Following the peak in demand and order intake after the economic crisis, the Company expects a slight reduction in order intake as overall market demand normalizes. Oerlikon expects in 2011 a sales growth of up to 10 percent and further growth in profitability, based on stable foreign exchange rates.


Must ReadView All

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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