Oerlikon textile sales surge 21.3% in 2012

06 Mar '13

5 min read

Solid sales growth and normalized order intake

For 2012, the Oerlikon Group reported an increase in sales in continuing operations of 6.4 % to CHF 2 906 million (2011: CHF 2 731 million). Textile achieved the highest sales growth rate, reporting an increase in sales of 21.3 % compared to the previous year, benefitting from ongoing demand for innovative products in the manmade fiber business.

The Coating Segment also contributed to the increased Group sales driven by new, innovative products, expansion of the coating center network and new coating solutions which counterbalanced the market slowdown, particular in the automotive industry, over the course of the year.

While the Drive Systems Segment increased sales in 2012, the Vacuum Segment saw a sales decline of 8.8 %. Sales in the Advanced Technologies Segment slightly declined. Currency impact for the full financial year 2012 was minor. Adjusted for currency effects, sales would have reached CHF 2 875 million, reflecting a growth rate of 5.3 %.

Order intake for the Group normalized at a high level, closing the year at CHF 2 802 million (FY 2011: CHF 2 878 million). The challenging environment affected the order intake in the Vacuum and Drive Systems Segments which was not fully compensated by increasing orders in the Textile, Coating and Advanced Technologies Segments. Order backlog fell as expected, with CHF 834 million on the books as of year-end (FY 2011: CHF 971 million).

Q4 summary – strong profitability

The Oerlikon Group reported a strong profitability in the fourth quarter 2012 with an EBIT of CHF 89 million, up 23.6 % compared to CHF 72 million a year ago. EBIT margin of 12.8 % was significantly above prior year’s level of 10.1 %. This result was driven by a strong performance in the Textile, Coating and Advanced Technologies Segments, whereas Drive Systems and Vacuum Segments reported lower margins compared to Q4 2011.

Group sales in the fourth quarter 2012 of CHF 693 million were slightly below CHF 713 million reported in the fourth quarter 2011. Sales growth in the Textile, Coating and Advanced Technologies Segments was not able to fully compensate the decline in the Drive Systems and Vacuum Segments.

In light of the challenging economic environment in the fourth quarter, Group order intake declined by 9.6 % to CHF 634 million (Q4 2011: CHF 701 million) mainly driven by the Drive Systems and Vacuum Segments, whereas the Textile, Coating and Advanced Technologies Segments were able to increase order intake.

Oerlikon Group

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