OC Oerlikon Corp AG, Pfaffikon (XSWX:OERL)
CHF 3.488 -0.064 (-1.8%) Market Cap: 1.13 Bil Enterprise Value: 2.36 Bil PE Ratio: 0 PB Ratio: 1.05 GF Score: 66/100
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Q3 2024 OC Oerlikon Corporation AG Pfaeffikon Earnings Call Transcript

Nov 05, 2024 / 09:30AM GMT
Release Date Price: CHF3.68 (-7.68%)

Key Points

Positve
  • OC Oerlikon Corp AG, Pfaffikon (OERLF) achieved a strong profitability in both divisions despite a challenging economic environment.
  • The company raised its full-year margin guidance to the high end of previous expectations, indicating confidence in its financial performance.
  • Surface Solutions division improved its operational EBITDA margin by 50 basis points, demonstrating effective cost management and innovation.
  • Polymer Processing Solutions division achieved a double-digit EBITDA margin, reflecting strong cost discipline and operational efficiency.
  • The company is on track with its pure-play transformation strategy, which is expected to enhance focus and efficiency.
Negative
  • Orders decreased by 4% year-over-year at constant FX, primarily due to slowing end markets in surface solutions.
  • Group sales decreased by 5% at constant FX, driven by lower filament orders and subdued industrial production.
  • The strong Swiss franc negatively impacted growth, eliminating a significant part of the company's revenue gains.
  • The luxury market remains weak, particularly due to geopolitical uncertainties and inflation affecting consumer spending.
  • The polymer processing solutions division is experiencing soft demand, with orders stabilizing at low levels.
Operator

Ladies and gentlemen, welcome to the Oerlikon Q3 2024 results call and live webcast. I am George, the Chorus Call operator. I would like to remind that all participants will be listen-only mode, and the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Stephan Gick, Head of Investor Relations. Please go ahead.

Stephan Gick;Michael Suess
OC Oerlikon Corporation AG Pfaeffikon - Head of Investor Relations;OC Oerlikon Corporation AG Pfaeffikon -

Good morning, ladies and gentlemen, and welcome to Oerlikon's Q3 earnings call. I have here with me Michael Suess, our Executive Chairman; and Markus Richter, CFO of Oerlikon. Michael will start the call with an update on our pure-play execution. Markus will then provide an overview on our Q3 end markets financials and outlook. We will then follow up with Q&A.

With that, I would like to open our presentation and hand over to Michael. The floor is yours.

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