Home / Knowledge / News / Textiles / Oerlikon aligning Manmade Fibres segment
Oerlikon aligning Manmade Fibres segment
02
Mar '16
Courtesy: Oerlikon
Courtesy: Oerlikon
The Manmade Fibres segment which makes up for 30 per cent of Oerlikon Group sales is being aligned with current market dynamics.

According to an Oerlikon Group press release, the Manmade Fibres Segment will build on its leading technology position, while adapting its operating model to near-term market realities.

Meanwhile, at constant exchange rates, Group order intake for full year increased by 1.6 per cent and sales came in at around prior year's level.

Currency impact on top-line was around 6 per cent and including currency impacts, order intake was lower by 4.2 per cent at CHF 2,537 million and sales by 5.5 per cent at CHF 2,671 million for 2015.

Regionally, Europe accounted for the largest proportion of Group sales and accounted for 38.3 per cent at CHF 1,023 million, reflecting a 2.4 per cent increase compared to 2014.

Asia followed with a share of 37.7 per cent at CHF 1,007 million, representing a reduction of 10.7 per cent versus 2014, and North America contributed 19.5 per cent at CHF 520 million, a decline of 5.8 per cent over 2014.

Despite lower sales, Oerlikon was able to achieve a strong normalised EBITDA margin of 16.9 per cent at CHF 450 million, excluding restructuring costs.

Including the one-off restructuring impacts, EBITDA stood at CHF 338 million, correlating to an EBITDA margin of 12.7 per cent.

“EBIT for 2015, due to the restructuring and impairment charges, was a loss of CHF 306 million,” the Germany based company informed in the press release.

Excluding impairments, restructuring costs, amortisation of acquired intangibles from Metco, the normalised net result was CHF 207 million in 2015.

Following the inclusions of all the above-mentioned charges, reported net result for 2015 was a loss at CHF 418 million, and loss per share at CHF 1.24.

Cash flow from operating activities before changes in net current assets remained strong at CHF 393 million.

“Excluding the restructuring and impairment effects, the Group's normalised return on capital employed (ROCE) amounted to 11.1 per cent,” it stated.

The Oerlikon Group had equity attributable to shareholders of the parent of CHF 1,554 million, representing an equity ratio of 38 per cent in 2015 as against 44 per cent in 2014.

“The year-on-year decrease in the total balance sheet and equity primarily reflected the goodwill impairment related to the Drive Systems segment,” the company added. (AR)

 

Fibre2fashion News Desk - India


Must ReadView All

Cotton production and exports in West Africa. Courtesy: FAS/USDA

Textiles | On 23rd Oct 2018

Record cotton production to drive West Africa exports

Cotton exports from West Africa for 2018-19 are projected to surpass...

Courtesy: Prudence Earl on Unsplash

Textiles | On 23rd Oct 2018

Sri Lanka's textile exports up 4.7% in Jan-July '18

Sri Lanka’s earnings from textiles and garments exports increased by...

Courtesy: Mario Crosta

Textiles | On 23rd Oct 2018

'Global textile machinery market may grow at 14% by 2020'

Analysts have predicted that the global textile machinery market may...

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

C Kamatchisundaram, Voltas

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Neel Sawhney, One Friday

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Robert Erichsen, Statex Produktions & Vertriebs GmbH

Robert Erichsen
Statex Produktions & Vertriebs GmbH

Statex Produktions & Vertriebs Gmbh, founded in 1978 and headquartered ...

Giorgio Mantovani, Corman S.p.A

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

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

Amiben Shroff, Shrujan

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


October 2018

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

news category


Related Categories:

Advanced Search