Oerlikon Textile enjoys excellent business performance

17 Oct '07

3 min read

The Oerlikon Group has recorded a very positive first half-year in 2007. With an increase of 247 percent to CHF 2.7 billion (pro forma +24 percent), organic growth has reached a record high. "Therefore, we are raising our sales goal for the entire year of over CHF 5 billion, by 5 to 10 percent," states CEO, Dr Uwe Krüger. EBIT increased by 83 percent to CHF 231 million (pro forma +22 percent), while orders received are up 212 percent (pro forma +16 percent), topping the CHF 3 billion mark.

Cash flow from operations has risen by 203 percent to CHF 367 million (pro forma +46 percent). "Even after a short time, the acquisition of Saurer AG is already bearing fruit and providing proof of the Oerlikon Group's role as a growth engine," says Georg Stumpf, Chairman of the Board of Directors of the Oerlikon Group. "The good first half-year performance is a result of improved operating efficiency, closer collaboration with customers and streamlined decision-making channels," comments CEO Dr Uwe Krüger.

A look at the individual segments shows that almost all segments contributed to this first half-year success. The Oerlikon Coating segment posted outstanding growth, increasing sales by 32.3 percent to CHF 478 million, mainly due to additional major contracts won by the Oerlikon Solar business unit.

Sales for Oerlikon Solar more than quintupled to CHF 127 million. Oerlikon Balzers also put in above-average performance, opening new coating plants in China and Poland andincreasing EBIT by 53 percent to CHF 77 million.

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