Home / Knowledge / News / Textiles / Oerlikon aligning Manmade Fibres segment
Oerlikon aligning Manmade Fibres segment
02
Mar '16
Courtesy: Oerlikon
Courtesy: Oerlikon
The Manmade Fibres segment which makes up for 30 per cent of Oerlikon Group sales is being aligned with current market dynamics.

According to an Oerlikon Group press release, the Manmade Fibres Segment will build on its leading technology position, while adapting its operating model to near-term market realities.

Meanwhile, at constant exchange rates, Group order intake for full year increased by 1.6 per cent and sales came in at around prior year's level.

Currency impact on top-line was around 6 per cent and including currency impacts, order intake was lower by 4.2 per cent at CHF 2,537 million and sales by 5.5 per cent at CHF 2,671 million for 2015.

Regionally, Europe accounted for the largest proportion of Group sales and accounted for 38.3 per cent at CHF 1,023 million, reflecting a 2.4 per cent increase compared to 2014.

Asia followed with a share of 37.7 per cent at CHF 1,007 million, representing a reduction of 10.7 per cent versus 2014, and North America contributed 19.5 per cent at CHF 520 million, a decline of 5.8 per cent over 2014.

Despite lower sales, Oerlikon was able to achieve a strong normalised EBITDA margin of 16.9 per cent at CHF 450 million, excluding restructuring costs.

Including the one-off restructuring impacts, EBITDA stood at CHF 338 million, correlating to an EBITDA margin of 12.7 per cent.

“EBIT for 2015, due to the restructuring and impairment charges, was a loss of CHF 306 million,” the Germany based company informed in the press release.

Excluding impairments, restructuring costs, amortisation of acquired intangibles from Metco, the normalised net result was CHF 207 million in 2015.

Following the inclusions of all the above-mentioned charges, reported net result for 2015 was a loss at CHF 418 million, and loss per share at CHF 1.24.

Cash flow from operating activities before changes in net current assets remained strong at CHF 393 million.

“Excluding the restructuring and impairment effects, the Group's normalised return on capital employed (ROCE) amounted to 11.1 per cent,” it stated.

The Oerlikon Group had equity attributable to shareholders of the parent of CHF 1,554 million, representing an equity ratio of 38 per cent in 2015 as against 44 per cent in 2014.

“The year-on-year decrease in the total balance sheet and equity primarily reflected the goodwill impairment related to the Drive Systems segment,” the company added. (AR)

 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Rupa Sood and Sharan Apparao
Nayaab

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search