Keystone-SDA
Oerlikon suffered in the 1st half. Finalizing the refocusing of its activities on the treatment of surfaces, the group saw its income and orders to be flexed, wiping a net loss of 46 million francs, against a net profit of 21 million a year earlier.
(Keystone-ATS) The Schwytzoise company lowers its forecasts in the wake for the whole year.
From January to the end of June, the turnover of the activities pursued contracted 5.8% to 786 million francs, said on Tuesday Oerlikon. At constant exchange rate, the withdrawal of sales, which do not include those of the unit of machines and components for the textile industry in the process of sale to the competitor of Winterthour Rieter, registered at 3%.
At the end of June, the order book stood at 826 million francs, withdrawn by 3.2%. Excluding exchange effects, the settlement was reduced to 0.3%. The group located in Pfäffikon explains that it has evolved in a demanding commercial environment, marked by geopolitical conflicts, trade tensions and general uncertainty. The latter has weighed on investments and industrial production, in particular in Europe, affecting almost all the main Oerlikon markets, including the automotive industry, engineering, tools and the luxury sector.
Solid aeronautics and defense
However, the company was able to rely on its presence on various markets, growth in aeronautics and defense having partially compensated for “temporary” weakness in other sectors, adds Oerlikon.
In terms of profitability, the operating profit before interest, taxes, depreciation and depreciation (EBITDA) dropped from 18.7% to 122 million francs in the first half. The corresponding margin fell from 240 base points, from 17.9 to 15.5%. The operational Ebitda decreased by 14.1% to 131 million and the margin relating to 18.3 to 16.7%.
Referring to the rest of the exercise, Oerlikon, who indicates that he had implemented cost reduction measures, revises his expectations down. The group now anticipates for all 2025 a turnover in slight withdrawal, or even at best stable. The EBITDA operating margin should be fixed between 17 and 17.5%, against 18.5% expected until then.