Switzerland · Delayed Price · Currency is CHF OC Oerlikon Corporation AG Earnings Call Transcripts
Fiscal Year 2026
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A sharpened, pure-play surface solutions leader targets CHF 2B+ sales, 20%+ EBITDA margin, and 10%+ ROCE by 2030, leveraging megatrends in aerospace, semiconductors, electrification, and defense. Diversification, digitalization, and regional growth drive resilience, while innovation and sustainability underpin value creation.
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Strong H1 2026 results with 19% order intake growth and 7% sales growth, driven by aviation, energy, and general industries. Operational EBITDA margin rose to 19.7%, and full-year guidance was upgraded for both sales and margin. Liquidity and balance sheet strength support ongoing strategic execution.
Fiscal Year 2025
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Order intake grew 6.5% to CHF 1.655 billion, with stable sales and strong aviation and energy segments. Operational EBITDA margin was 17.3%, and the Barmag divestment improved leverage and equity ratios. 2026 guidance anticipates low single-digit sales growth and further margin improvement.
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Stable orders and resilient performance amid challenging macro and FX headwinds, with cost-out actions and portfolio optimization underway. Barmag divestment to reduce pension liabilities and support deleveraging, while innovation and diversification drive future growth.
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Barmag will be divested to Rieter for up to CHF 950 million, finalizing the pure-play strategy. Proceeds will repay debt and support growth, with updated 2025 guidance reflecting Barmag as discontinued. Surface solutions targets 4%-6% midterm sales growth and 18.5% EBITDA margin.
Fiscal Year 2024
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2024 sales declined 9% to CHF 2.4 billion, but operational EBITDA margin improved to 16.6%. Surface Solutions delivered stable sales and margin expansion, while Polymer Processing Solutions saw order stabilization and expects margin recovery beyond 2025. Management completed division separation prep and maintains a strong liquidity position.
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Q3 saw stable profitability and margin improvements despite softening demand and currency headwinds. The company advanced its pure play transformation, with man-made fibers to be separated, and raised its EBITDA margin guidance to 16% for 2024.
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Q2 saw robust orders and strong profitability despite challenging markets, with improved margins in both divisions and raised full-year margin guidance. Surface Solutions performed well in aviation, while Polymer Processing Solutions showed sequential order recovery.