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Order intake climbs 10.5% at Oerlikon Group in Q4
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

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