Oerlikon Manmade Fibers Posts 6.2% Rise in Q3 Orders While Sales Drop 15.9%

The Manmade Fibers Segment of Oerlikon increased their order intake during July-September 2019 by 6.2% year-on-year to CHF 276 million, driven by higher demand for filament equipment and systems, particularly in China. This compensated for the decline in carpet yarn and staple fiber equipment. A high level of order intake was sustained for the eighth consecutive quarter.

Meanwhile, the order intake for the first nine months of this year decreased by 5.0% to CHF 870 million.

Segment sales during the third quarter fell 15.6% from the year before to CHF 265 million, as sales declined in all regions except Europe. However, sales during the first nine months grew by 1.3% to CHF 839 million.

The segment posted a double-digit EBITDA margin of 10.7%, mainly attributed to recognizing a number of lower-margin projects from the prior downcycle period. EBIT for the quarter was CHF 22 million (Q3 2018: CHF 30 million), or 8.4% of sales (Q3 2018: 9.5%).

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