Oerlikon Manmade Fibers
Sales growth +18.5% in Q2/2019
In the 2nd quarter (Q2) of 2019, the technology group Oerlikon Management AG, Pfäffikon/Switzerland, saw order intake decrease year-on-year by 0.7% to CHF 672 million, while sales went up by 5.3% to CHF 700 million. The Manmade Fibers Segment maintained its good performance, increasing orders by 5.7% to CHF 298 million and sales by 18.5% to CHF 321 million in Q2/2019. EBIT stood at CHF 51 million (Q2/201: CHF 26 million). Although sales increased by 11.7% in the 1st half (H1) of 2019, order intake for H1/2019, however, fell by 9.5% year-on-year to CHF593 million (H1/2018: CHF655 million).
Sales increased significantly in Europe (>140%), albeit from a low base, while China saw a healthy 26% growth. A decline in sales was registered in North America (-15%) and in India (-85%) compared to Q2/ 2018.