Oerlikon posted a poor Q2 reflecting a mediocre environment in its three business lines. Over H1, group sales were down 15%, EBITDA down 35% with EBITDA margins down to 13.4% from 17.5% and EBIT down 57% to a modest CHF68m certainly looking like an earthquake. The underlying story is brighter.
05 Aug 2016
Disappointing Q2 but confidence in Surface Solutions
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Disappointing Q2 but confidence in Surface Solutions
OC Oerlikon Corporation AG (0QO3:LON) | 0 0 1.0% | Mkt Cap: 5,256m
- Published:
05 Aug 2016 -
Author:
Pierre-Yves Gauthier -
Pages:
3
Oerlikon posted a poor Q2 reflecting a mediocre environment in its three business lines. Over H1, group sales were down 15%, EBITDA down 35% with EBITDA margins down to 13.4% from 17.5% and EBIT down 57% to a modest CHF68m certainly looking like an earthquake. The underlying story is brighter.