Ad hoc announcement pursuant to Art. 53 LR News Release
Source: EQS
Raising 2024 Guidance After Strong Execution in the First Half; Separation on Track
Group
1 Due to rounding, some totals may not correspond with the sum of the separate figures. For the reconciliation of operational and reported EBITDA figures, please see earnings presentation. 2 Impact from M&A: +0.0%, foreign exchange (FX): -2.0%, organic: +1.1%. 3 Impact from M&A: +0.0%, FX: -1.9%, organic: -10.4%. 4 Impact from M&A: +2.4%, FX: -4.4%, organic: -1.4%. 5 Impact from M&A: +1.9%, FX: -3.6%, organic: -17.1%. 6 Reported annually and semi-annually only.
“We achieved a strong first half-year performance in a challenging market environment. Our decisive execution resulted in organic order growth for the second quarter despite soft manufacturing PMIs. The strong focus on proactive cost management, innovation and rigorous pricing led to robust margins in both divisions. Our plans to separate Polymer Processing Solutions are on track.”
In the first half of 2024, the Group’s order intake slightly decreased by 3.3% year-over-year to
Operational EBITDA was at
Surface Solutions Division Surface Solutions achieved 0.5% order growth year-over-year in Q2 at constant exchange rates despite weak markets. Customer purchasing behavior remained cautious due to soft industrial activity. While manufacturing PMIs in the
The division increased sales in Q2 by 2.1% year-over-year at constant exchange rates. Growth was particularly supported by strong performance in Oerlikon’s equipment and materials businesses for the aviation industry.
Operational EBITDA margin improved 228 basis points to 18.7% despite higher input costs. The increase was supported by efficiency, innovation, pricing and mix.
Key figures as of
1 Due to rounding, some totals may not correspond with the sum of the separate figures. 2 Impact from M&A: +0.0%, FX: -1.9%, organic: +0.5%. 3 Impact from M&A: +0.0%, FX: -2.1%, organic: +2.1%. 4 Impact from M&A: +4.2%, FX: -4.3%, organic: +0.5%. 5 Impact from M&A: +3.5%, FX: -4.3%, organic: +1.1%.
Polymer Processing Solutions Division Polymer Processing Solutions achieved improvement in its order intake sequentially for the second quarter in a row (Q2 2024:
The division achieved a robust operational EBITDA margin of 11.7% despite lower sales volume. The margin was supported by proactive cost actions, counteracting operating leverage and limited pass-through of higher input costs to maintain volume.
Key figures as of
1 Due to rounding, some totals may not correspond with the sum of the separate figures. 2 Impact from M&A: +0.0%, FX: -2.1%, organic: +2.0%. 3 Impact from M&A: 0.0%, FX: -1.7%, organic: -26.2%. 4 Impact from M&A: +0.0%, FX: -4.4%, organic: -4.1%. 5 Impact from M&A: +0.0%, FX: -2.8%, organic: -37.6%.
Additional InformationTo participate in the results’ conference call today at
The interim (half-year) report 2024 in English can be downloaded at http://www.oerlikon.com/interimreport-2024, and the media release can be found at www.oerlikon.com/ir and www.oerlikon.com/pressreleases. About OerlikonOerlikon (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, empower customers by improving and maximizing the performance, function, design and sustainability of 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 Pfaeffikon,
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Language: | English |
Company: | |
Churerstrasse 120 | |
CH - 8808 Pfäffikon SZ | |
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 |
EQS News ID: | 1961415 |
End of Announcement |
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1961415 06-Aug-