Oerlikon Textile sees strongest sales growth

22 Apr '11

4 min read

Therefore, in 2011 the Group expects profitability to reach performance levels nearing Oerlikon's operationally best years, principally delivered by Oerlikon Textile, Vacuum, Coating and Advanced Technologies. Oerlikon Drive Systems is expected to return to profitability, while Oerlikon Solar plans to break even in 2011. Oerlikon Textile and Coating expect markets to remain healthy and, as a result, forecast a solid sales increase in 2011. Assuming flat market demand, Oerlikon Vacuum and Advanced Technologies predict stable business for 2011. In the coming years, Oerlikon Group aims to exceed its best operational margins.

Segment overview

Oerlikon Textile: The Segment further strengthened its position as the world`s leading producer of textile machines. Its growth momentum continued in the first quarter. This was most evident in sales which rose 58 percent to CHF 458 million, compared to CHF 289 million in the first quarter of 2010.

The Segment's overall growth was primarily driven by China, with India, Turkey and South America also contributing to growth. First-quarter order intake grew 20 percent to CHF 626 million year-over-year, from CHF 521 million in the prior-year quarter. At the end of the quarter, the Segment had a strong backlog, totaling CHF 1 394 million, compared to CHF 711 million at the end of the first quarter 2010.

Oerlikon Coating: Growth in the Segment continued to gain momentum in the first quarter of 2011, resulting from significant growth in the components business in Western Europe and strong growth in Asia. First-quarter sales saw a strong 33 percent increase to CHF 125 million, compared to the prior-year quarter.

Oerlikon Group

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