Oerlikon EBIT margin touches 12.7% in 2013

10 Mar '14

2 min read

The Oerlikon Group delivered another strong performance in 2013, despite a challenging environment in major end-markets. Order intake grew by 3.2 %, sales remained at prior year level (-0.8 %).

An EBIT margin of 12.7 % confirmed Oerlikon’s profitability level, which positions the Group amongst leading industrial peers. Oerlikon’s Manmade Fibers and Coating Segments delivered record margins and continued to operate on Best-in-Class levels.

Strong operational performance and the proceeds from the divestments improved net liquidity to CHF 981 million (FY 2012: CHF 339 million) and equity ratio to 51 %. Oerlikon CEO Dr. Brice Koch said: “Based on strong performance in 2013, we can now accelerate profitable growth, both organically and inorganically, in line with a disciplined execution of our strategic agenda. The recent signing of the acquisition of Sulzer Metco is a first key milestone in this direction.”

Highlights:

Healthy order intake growth in demanding markets

EBITDA margin of 17.1 % and EBIT margin of 12.7 %

Oerlikon’s position amongst leading industrial peers confirmed

Result from continuing operations increased by 18.8 % to CHF 259 million

Further improved net liquidity of CHF 981 million and equity ratio of 51 %

Second consecutive dividend increase of 8 % to CHF 0.27 per share recommended

Acquisition of Sulzer Metco will form global technology leader for Surface Solutions

Outlook 2014: sales growth, stable order intake and stable profitability

Growth in orders, sales at prior year level

Order intake grew by 3.2 % to CHF 2 893 million compared to CHF 2 802 million in 2012, with all Segments, except the Advanced Technologies Segment, reporting higher orders. As expected, Group sales of CHF 2 883 million were at prior year’s level (-0.8 %, CHF 2 906 million). Sales increased in all Segments except the Drive Systems Segment. The regional sales split remained largely unchanged with Asia accounting for 44 % of the Group’s total sales, Europe for 34 % and North America for 17 % (others: 5 %).

Click here to view full results.

The Oerlikon Group

More Oerlikon Textile GmbH & Co News... More Textiles News - Switzerland...