2025 ahead ayondo Franchise coming soon
Happy 
xMas Holidays
xMas Holidays
xMas Holidays
|
OC Oerlikon / Key word(s): Quarter Results Strong Profitable Growth Continued in First Quarter
Key Figures of the Oerlikon Group as of March 31, 2022 (in CHF million)
1 For the reconciliation of operational and unadjusted figures, please see tables I and II on page 2 of this media release.
Pfäffikon, Schwyz, Switzerland - May 3, 2022 - 'We achieved strong growth in both top line and profitability in the first quarter, continuing our growth trajectory and confirming our strategy to deliver sustainable profitable growth,' said Roland Fischer, CEO Oerlikon Group.
'Polymer Processing Solutions recorded another very strong quarter, with orders and sales growth, driven by both filament and non-filament businesses. Surface Solutions saw an increase in sales in general industries and aerospace, while supply chain shortages continued to impact some markets,' added Fischer.
'We are pleased to have published our 2021 Sustainability Report at the end of the first quarter, highlighting the sustainability progress in our operations toward our 2030 targets and many examples of how we support customers to improve their climate footprint and efficiency,' concluded Fischer.
Strong First-Quarter Performance Group orders increased by 23.0% to CHF 790 million. Group sales improved globally by 22.9% to CHF 698 million, driven by both divisions. At constant exchange rates, Group sales increased by 25.5%.
Group operational first quarter EBITDA was CHF 119 million, or 17.0% of sales, representing a year-over-year improvement of 110 basis points (bps). The margin improvement was attributed to sustained cost control and positive operating leverage. First quarter operational EBIT was CHF 63 million, or 9.1% of sales (Q1 2021: CHF 41 million; 7.3%).
Group first quarter EBITDA was CHF 112 million, or 16.1% of sales (Q1 2021: CHF 88 million, 15.4%), and EBIT was CHF 57 million, or 8.2% of sales (Q1 2021: CHF 38 million, 6.7%). The reconciliation of the operational and unadjusted figures can be seen in the tables below.
Table I: Reconciliation of Q1 2022 Operational EBITDA and EBITDA1
Table II: Reconciliation of Q1 2022 Operational EBIT and EBIT1
1 All amounts (including totals and subtotals) have been rounded according to normal commercial practice. Thus, addition of the figures presented can result in rounding differences.
Division Overview Surface Solutions Division Key Figures of the Surface Solutions Division as of March 31, 2022 (in CHF million)
The division increased order intake by 15% and sales by 8%, attributed to higher demand in general industries and a slight recovery in aerospace in the US. The book-to-bill ratio was higher than 1.1, reflecting the ongoing demand in the longer-cycle business. At constant exchange rates, division sales increased by 10.4%.
Operational EBITDA improved by 8.9% to CHF 59 million, or 17.8% of sales, compared to CHF 54 million, or 17.7% of sales in Q1 2021. Positive operating leverage and cost control were largely offset by temporary shortages in some high-margin businesses. Operational EBIT was CHF 21 million, or 6.2% of sales (Q1 2021: CHF 15 million, or 4.8% of sales).
First quarter EBITDA was CHF 56 million, or 17.0% of sales, compared to CHF 53 million, or 17.5% of sales in the previous year. EBIT was CHF 18 million, or 5.4% of sales (Q1 2021: CHF 14 million, or 4.6% of sales).
Polymer Processing Solutions Division Key Figures of the Polymer Processing Solutions Division as of March 31, 2022 (in CHF million)
The division delivered another strong quarterly performance. Order intake increased by 31.5% to CHF 415 million. Sales significantly increased by 40% to CHF 369 million year-over-year across all regions. Growth was driven by filament and non-filament end markets and includes a 15% sales contribution from Oerlikon HRSflow, which was acquired in 2021. At constant exchange rates, sales increased by 42.9%.
Operational EBITDA notably improved by 78% to CHF 58 million, or 15.7% of sales, compared to CHF 33 million, or 12.4% of sales, in Q1 2021. Margin improvement was driven by positive operating leverage, cost control and the INglass acquisition. Operational EBIT was CHF 44 million, or 12.0% of sales (Q1 2021: CHF 24 million, or 9.3% of sales). EBITDA was CHF 58 million, or 15.7% of sales (Q1 2021: CHF 33 million, 12.4%). EBIT was CHF 44 million, or 12.0% of sales (Q1 2021: CHF 24 million, or 9.3% of sales).
Additional Information Oerlikon will present its results during a conference call today beginning at 10:30 CEST. To participate, please click on this link to join the webcast.
To ask questions in the Q&A session, please dial in.
The media release, including a full set of tables, can be found at www.oerlikon.com/pressreleases and www.oerlikon.com/ir.
About Oerlikon
Oerlikon (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. The Group's solutions and comprehensive services, together with its advanced materials, improve and maximize the performance, function, design and sustainability of its customers' products and manufacturing processes in key industries. Pioneering technology for decades, everything Oerlikon invents and does is guided by its passion to support customers' goals and foster a sustainable world. Headquartered in Pfäffikon, Switzerland, the Group operates its business in two Divisions - Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 11 800 employees at 207 locations in 38 countries and generated sales of CHF 2.65 billion in 2021. For further information, please contact:
Disclaimer End of ad hoc announcement |
| Language: | English |
| Company: | OC Oerlikon |
| Churerstrasse 120 | |
| CH - 8808 Pfäffikon SZ | |
| Switzerland | |
| Phone: | +41 58 360 96 96 |
| Fax: | +41 58 360 91 96 |
| E-mail: | info@oerlikon.com |
| Internet: | www.oerlikon.com |
| ISIN: | CH0000816824 |
| Valor: | 863037 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart; SIX Swiss Exchange |
| EQS News ID: | 1341619 |
| End of Announcement | EQS News Service |
|
|
1341619 03-May-2022 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
