Q2 sales up 5.9 % to CHF827m excluding forex negatives but including the Metco acquisition. Reported H1 sales were up 4.8% and H1 EBITDA up 3%, with a margin of 16.9%, slightly down on last year (17.1%). H1 net profit down 29% to CHF87m due to the discontinued businesses but the cash flow from operations is about flat at CHF225m. Of note, free cash flow suffers from a sharp (but expected) decline in customer advance payments (Manmade Fibres business). The service content of revenues accounts
18 Aug 2015
Robust H1 showing thanks to Surface Solutions
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Robust H1 showing thanks to Surface Solutions
OC Oerlikon Corporation AG (0QO3:LON) | 0 0 1.0% | Mkt Cap: 5,256m
- Published:
18 Aug 2015 -
Author:
Pierre-Yves Gauthier -
Pages:
2
Q2 sales up 5.9 % to CHF827m excluding forex negatives but including the Metco acquisition. Reported H1 sales were up 4.8% and H1 EBITDA up 3%, with a margin of 16.9%, slightly down on last year (17.1%). H1 net profit down 29% to CHF87m due to the discontinued businesses but the cash flow from operations is about flat at CHF225m. Of note, free cash flow suffers from a sharp (but expected) decline in customer advance payments (Manmade Fibres business). The service content of revenues accounts