Home / Knowledge / News / Textiles / Order intake climbs 10.5% at Oerlikon Group in Q4
Order intake climbs 10.5% at Oerlikon Group in Q4
02
Mar '17
For the three months ended December 31, 2016, order intake climbed 10.55 per cent to CHF 660 million at textile machinery manufacturer Oerlikon Group, as against CHF 597 million in the same quarter of 2015. Oerlikon attributed the increase in order intake to both the Manmade Fibers and Drive Systems Segments and to a large order for filaments.

However, sales in the fourth quarter of 2016 took a hit and were lower by 6.7 per cent to total CHF 613 million, compared to CHF 657 million in the prior year’s fourth quarter.

Despite lower sales, EBITDA amounted to CHF 97 million in the reporting quarter, which includes restructuring and pension adjustments adding to CHF 8 million, corresponding to a margin of 15.8 per cent, while in the fourth quarter EBITDA was a negative CHF 15 million, which also included restructuring adjustments of CHF 112 million and also a negative margin at 2.2 per cent. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Claudia Kersten
Global Organic Textile Standard

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

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Marten Alkhagen
Swerea IVF AB

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

Steve Cole
Xerium Technologies

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sonam & Paras Modi
SVA

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search